The vehicle model you are insuring is a significant factor that determines whether or not you find low-cost auto insurance for drivers over age 50. Vehicles with higher performance, poor crash test ratings, or high incidents of liability claims will cost quite a bit more to insure than safer models. The list below shows coverage premiums for a selection of the cheaper vehicles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,224 |
| Ford Escape XLS 4WD | $1,232 |
| Ford F-150 STX Regular Cab 2WD | $1,341 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,347 |
| Toyota Prius | $1,359 |
| Toyota Tacoma 2WD | $1,421 |
| Honda Odyssey EX | $1,429 |
| Ford Edge Limited 2WD | $1,421 |
| Volkswagen Jetta S 4-Dr Sedan | $1,449 |
| Chevrolet Equinox LS 2WD | $1,457 |
| GMC Sierra SLE Regular Cab 2WD | $1,449 |
| Chevrolet Malibu Hybrid | $1,454 |
| Chevrolet Impala LT | $1,449 |
| Toyota RAV4 Limited 4WD | $1,454 |
| Dodge Grand Caravan Crew | $1,476 |
| Ford Explorer Limited AWD | $1,481 |
| Honda Civic LX-S 4-Dr Sedan | $1,498 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,506 |
| Toyota Corolla XLE | $1,526 |
| Toyota Camry XLE | $1,534 |
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific zip code location which can lower or raise coverage rates considerably.
Looking at the numbers, cars like the Honda CR-V, Ford Escape, Ford F-150, and Jeep Wrangler will be some of the more affordable vehicles to insure for older drivers.
Determining which companies quote the lowest-priced auto insurance rates for drivers over age 50 will take more work in order to find the lowest price.
Each company has a unique approach to set their prices, so to begin we’ll rank the lowest cost auto insurance companies in Dallas. We do need to point out that Dallas auto insurance rates are determined by lots of factors which can significantly increase or decrease your annual premium. Turning one year older, marrying your spouse, or having a fender bender can trigger price changes that can cause some rates to be much cheaper than others.
Cheap Insurance Rates for Age 50+
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Travelers generally has some of the most affordable car insurance rates in Dallas at around $1,021 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the most economical Dallas, TX car insurance companies.
In this example, if you buy coverage from Germania Mutual and switched to Travelers, you might see annual savings of approximately $261. Drivers with Esurance could save as much as $344 a year, and California Casualty customers might reduce rates by $375 a year.
If you would like to find cheaper car insurance rates, click here to get a free quote or quote prices from the following companies.
Bear in mind that those premiums are averages across all insureds and vehicles and and are not calculated with an exact location for drivers over age 50. So the car insurance company that can offer you the best price may not even be in the top 23 companies in the list above. That point stresses why you need to compare rates from multiple companies using your own driver data and vehicle information.
For older drivers, one of the more important things that are used to help calculate the annual cost of car insurance is where your car is garaged. More densely populated places tend to have more expensive car insurance rates, whereas areas with less crime or weather claims tend to receive cheaper rates.
The illustration below shows the most expensive places in Texas for drivers over age 50 to purchase car insurance in. Dallas is ranked at #4 with an annual rate of $1,855 for coverage, which is approximately $155 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Brownsville | $1,908 |
| 3 | Laredo | $1,889 |
| 4 | Dallas | $1,855 |
| 5 | Houston | $1,853 |
| 6 | Garland | $1,850 |
| 7 | Amarillo | $1,840 |
| 8 | Grand Prairie | $1,793 |
| 9 | Beaumont | $1,772 |
| 10 | Mesquite | $1,771 |
| 11 | Pasadena | $1,758 |
| 12 | Irving | $1,736 |
| 13 | San Antonio | $1,722 |
| 14 | Lubbock | $1,682 |
| 15 | Austin | $1,659 |
| 16 | Arlington | $1,658 |
| 17 | Carrollton | $1,647 |
| 18 | McKinney | $1,609 |
| 19 | Fort Worth | $1,604 |
| 20 | Plano | $1,576 |
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Premium amounts are approximated as the specific Dallas residence address can influence prices significantly.
How to find a good Dallas auto insurance company
Insuring your vehicle with a high-quality insurance company is hard considering how many different companies there are to choose from in Texas. The company rank data displayed below can help you analyze which auto insurers to look at when comparing auto insurance rates for drivers over age 50.
The ratings below only include large nationwide companies, so companies that have a smaller presence are not taken into consideration for this list. If you’d like to compare prices from many more Texas auto insurance companies, click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Violations and accidents raise rates
A great way to receive good auto insurance premiums for older drivers is to be an attentive driver and avoid getting tickets or having accidents. The diagram below shows how traffic citations and at-fault claims can increase insurance costs for different age groups. The prices are based on a married male driver, full coverage, $100 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of car insurance per year with no violations or accidents is $2,490. Get written up for two speeding tickets and the average cost hikes up to $3,450, an increase of $960 each year. Now get one accident along with the two speeding tickets and the annual cost of auto insurance for drivers over age 50 jumps again to an average of $4,435. That’s an increase of $1,946, or $162 per month, just for not being attentive to the road!
Why are you paying too much for Dallas car insurance?
Dallas, TX auto insurance rates are based on many factors which can substantially change the cost of a policy. Improving your credit score, having a teenage driver, or getting a driving violation may cause policy rate changes that can cause some rates to be more affordable than the competition. Not only may your situation change, but auto insurance companies amend premium rates every year to adjust for unexpected claims or profits. Larger than normal claims may result in increased policy costs, while a better claims history may result in more affordable Dallas car insurance rates.
To illustrate this point, the graph below shows a variety of companies that have the cheapest car insurance in Dallas, TX for a 30-year-old female driver with no prior accidents, a clean driving record, and great credit. If we estimate prices based on her current risk profile, Travelers might offer the most affordable car insurance rates in Dallas at $1,260 annually. This is $644 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the most affordable Dallas, TX auto insurance companies.
In this example, we will give the driver from the first set of rates a chargeable accident, a lower credit score, and a traffic citation. Since each auto insurer uses their own formula to establish rates, getting updated rate quotes could now result in a different set of affordable Dallas car insurance companies as shown below.
State Farm now has the best price on car insurance in Dallas with Mercury, USAA, Nationwide, and Safe Auto also being competitive. This shows why consumers need to take the time to take the time to shop around when trying to find the best car insurance rates for drivers over age 50. Rates consist of many different factors and can change without notice, so the most economical option a year ago may now be an over-priced policy.