Wouldn’t life be great if we could just give you the name of the single best company in Fort Worth that has the cheapest policy rates for drivers over age 50? Unfortunately, it’s just not that easy, as there are a lot of unknown elements like if you are a homeowner, how high your deductibles should be, and the crash test ratings of your vehicle, that all have an effect on the price. We are going to cover these topics and hopefully give you enough understanding to have a good beginning to your quest for cheaper car insurance in Fort Worth.
Establishing which insurers offer the most affordable auto insurance rates for drivers over age 50 will involve a little more sweat in order to find the best policy. Every insurance provider has their own process for setting rates, so we’ll go over the auto insurance companies with the overall best prices in Texas.
Lowest Insurance Price Quotes for Age 50+
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,095 |
| 3 | Texas Farm Bureau | $1,199 |
| 4 | Germania Mutual | $1,244 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,424 |
| 7 | State Farm | $1,510 |
| 8 | Mercury | $1,521 |
| 9 | Safe Auto | $1,549 |
| 10 | Nationwide | $1,600 |
| 11 | Allstate | $1,650 |
| 12 | Progressive | $1,664 |
| 13 | Amica | $1,705 |
| 14 | Home State | $2,134 |
| 15 | GEICO | $2,135 |
| 16 | MetLife | $2,161 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,264 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,568 |
| View More Rates Go | ||
Travelers may have some of the cheapest car insurance rates in Fort Worth at around $1,010 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the most economical Fort Worth, TX auto insurance companies.
As shown in the table above, if you are a policyholder with Germania Mutual and switched to USAA, you might realize a yearly price reduction of upwards of $149. Policyholders with Esurance could save as much as $270 a year, and California Casualty insureds might reduce rates by $329 a year.
To see if your current coverage is too expensive, click here to start a quote or visit any of the low-priced companies below.
Remember that these estimates are averaged across all insureds and vehicles and do not factor in an exact vehicle garaging location for drivers over age 50. So the car insurance company that can offer you the best rate may not even be in the list above. That underscores the importance of why you need to get rate quotes using your own specific driver information and vehicle.
The type of vehicle to be insured is a large factor when consumers are trying to find low-priced auto insurance for drivers over age 50. Vehicles with lower acceleration and performance, an excellent safety record, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models. The list below estimates insurance premiums for some of the cheaper vehicles to insure in Texas.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $901 |
| Ford Escape XLT 2WD | $911 |
| Honda CR-V LX 2WD | $901 |
| Ford F-150 XL Super Cab 2WD | $989 |
| Toyota Prius | $999 |
| Ford Explorer XLT 4WD | $1,008 |
| Ford Edge SE AWD | $1,046 |
| Chevrolet Equinox LT 2WD | $1,066 |
| Toyota RAV4 Limited 2WD | $1,075 |
| Chevrolet Silverado LS Extended Cab 4WD | $1,066 |
| Toyota Tacoma Double Cab 4WD | $1,071 |
| Volkswagen Jetta S 4-Dr Sedan | $1,066 |
| Chevrolet Malibu Hybrid | $1,074 |
| Ford Fusion S 4-Dr Sedan | $1,066 |
| Dodge Grand Caravan SXT | $1,087 |
| Ford Focus SEL 4-Dr Sedan | $1,104 |
| Chevrolet Impala LTZ | $1,123 |
| Hyundai Elantra SE 4-Dr Sedan | $1,130 |
| Honda Odyssey EX-L W/Navigation | $1,123 |
| Toyota Camry SE | $1,133 |
| Toyota Corolla S | $1,123 |
| Nissan Rogue S 2WD | $1,143 |
| Kia Optima LX | $1,149 |
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in specific location which can affect prices greatly.
Looking at the data, we can presume that vehicles like the Honda Accord, Ford Escape, Honda CR-V, and Ford F-150 should be a few of the most budget-friendly vehicles to insure for older drivers.
Selecting the right insurance company is difficult considering how many choices drivers have in Texas. The rank data displayed below could help you pick which coverage providers you want to consider when trying to find the cheapest insurance for drivers over age 50.
The ratings below are for the companies with a significant amount of written premium nationwide, so companies that have a smaller presence are not taken into consideration for these rankings. To get price quotes and find the cheapest rates for drivers over age 50, just click here.
Top 10 Major Auto Insurance Providers in Fort Worth Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Top 10 Major Auto Insurance Providers in Fort Worth Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Impact of speeding/accidents on auto insurance rates
In a perfect world, the best way to earn affordable auto insurance rates in Texas for older drivers is to drive cautiously and avoid getting tickets or having accidents. The example below highlights how speeding tickets and at-fault fender-benders influence insurance costs for different ages of insureds. The rate quotes are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,225. Get one speeding ticket and the average cost increases to $1,432, an increase of $207 each year. Now include two accidents along with the one speeding ticket and the annual cost of auto insurance for drivers over age 50 goes up to an average of $3,364. That’s an increase of $2,139, or $178 per month, just for not driving responsibly!
The diagram below demonstrates how deductibles can increase or decrease insurance rates when researching cheap insurance for drivers over age 50. The rates are based on a married male driver, full physical damage coverage, and no policy discounts are applied.
In the chart above, a 50-year-old driver could reduce rates by $358 a year by increasing from a $100 deductible to a $500 deductible, or save $540 by using a $1,000 deductible. Younger drivers, like the Age 20 category, could potentially save as much as $1,206 or even more by using higher deductibles when buying full coverage. When using a larger deductible, it will now be necessary to have enough spare savings to satisfy the extra out-of-pocket expense, which is the main drawback of higher deductibles.
How to find more affordable auto insurance for drivers over age 50
It is possible to find better rates, and here are some of the better penny-pinching ideas that can help Texas drivers quote low-cost car insurance.
- Increase your physical damage deductibles
- Save money by only buying liability coverage for older vehicles
- Claim-free drivers earn discounts
- Pay cheaper rates with good credit scores
- Drive safe vehicles
- Bundle home or renters insurance to earn a discount on car insurance
- Shop around and save
The last item on the list is especially necessary, as we emphasized in this article. Car insurance prices can change considerably in a year, so don’t be unwilling to switch companies if you find a better deal. Being loyal to a particular company is commendable, but it’s not recommended if that inflexibility results in costing you potentially thousands of dollars a year. If you have a few minutes, now is a great time to shop around and find cheaper auto insurance for drivers over age 50 in Fort Worth.
The auto insurance agents in Fort Worth shown below can most likely answer your questions and help you decide which coverage meets your needs best, since some drivers aren’t sure which coverage they need and prefer to have some advice when trying to find the best insurance rates for drivers over age 50. It can be complicated to find the cheapest rate yourself, so insurance agents can give you comfort knowing your policy gives you sufficient coverage for your assets. To find a Fort Worth insurance agency in your neighborhood, click the link at the bottom.
Ornelas Insurance Agency
5901 E Lancaster Ave – Fort Worth, TX 76112 – (817) 496-9111
Fort Worth Insurance Agency
5049 Trail Lake Dr – Fort Worth, TX 76133 – (817) 292-2929
Bob McCright – State Farm Insurance Agent
6231 Oakmont Blvd – Fort Worth, TX 76132 – (817) 294-9858
Camilla Harris – State Farm Insurance Agent
7225 Crowley Rd a – Fort Worth, TX 76134 – (817) 293-0496