Shopping around for budget car insurance is easier said than done, and determining which company has the cheapest auto insurance rates for drivers over age 60 will require a little more work.
Each insurance company uses their own method to set policy rates, so let’s take a look at the auto insurance companies with the most affordable rates in Cleveland. It’s important to understand that Cleveland auto insurance rates are impacted by many factors that may substantially change the price you pay. Getting older, increasing liability limits, or getting a few speeding tickets can cause premium changes that may make certain companies cheaper than others.
Find Cheaper Auto Insurance for Age 60+
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $628 |
| 2 | Erie | $687 |
| 3 | Allied | $697 |
| 4 | Frankenmuth | $701 |
| 5 | USAA | $711 |
| 6 | Travelers | $733 |
| 7 | Merchants Insurance Group | $748 |
| 8 | Cincinnati Insurance | $756 |
| 9 | Grange Mutual | $812 |
| 10 | Motorists Mutual | $816 |
| 11 | General Casualty | $829 |
| 12 | State Farm | $858 |
| 13 | Central Mutual | $866 |
| 14 | Hastings Mutual | $893 |
| 15 | Atlantic States | $913 |
| 16 | Westfield | $918 |
| 17 | Progressive | $953 |
| 18 | Auto-Owners | $958 |
| 19 | Western Reserve | $970 |
| 20 | Farmers | $1,005 |
| Compare Rates Now Go | ||
Utica National may offer some of the lowest car insurance rates in Cleveland at around $628 a year. This is $412 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA also make the cut as some of the cheaper Cleveland, OH car insurance companies.
As shown in the rates above, if you currently have a policy with USAA and switched to Erie, you could earn annual savings of roughly $24. Policyholders with Travelers could save as much as $46 a year, and Merchants Insurance Group policyholders might cut rates by $61 a year.
If you want to find out if you’re overpaying, click here to get a free quote or visit any of the companies below.
It’s important to note that these policy rates are averaged for all insureds and vehicles and do not factor in a specific zip code for drivers over age 60. So the car insurance company that has the cheapest price for you may not even be in the top 33 companies in the list above. That points out the importance of why you need to get quotes using your own personalized driver profile and vehicle information.
One of the many things that are looked at to determine insurance cost is your zip code in Cleveland. More densely populated places tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The next table sorts the most costly cities in Ohio for drivers over age 60 in which to purchase auto insurance. Cleveland is ranked #3 costing $1,235 on average, which is approximately $103 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Toledo | $1,267 |
| 2 | Youngstown | $1,247 |
| 3 | Cleveland | $1,235 |
| 4 | Columbus | $1,235 |
| 5 | Cincinnati | $1,210 |
| 6 | Euclid | $1,175 |
| 7 | Cleveland Heights | $1,166 |
| 8 | Akron | $1,123 |
| 9 | Dayton | $1,120 |
| 10 | Hamilton | $1,113 |
| 11 | Newark | $1,095 |
| 12 | Springfield | $1,094 |
| 13 | Lakewood | $1,063 |
| 14 | Fairfield | $1,063 |
| 15 | Canton | $1,058 |
| 16 | Beavercreek | $1,047 |
| 17 | Kettering | $1,040 |
| 18 | Middletown | $1,024 |
| 19 | Lorain | $1,015 |
| 20 | Mentor | $1,008 |
| Compare Rates Now Go | ||
Premium amounts are approximated as the vehicle garaging location can alter prices significantly.
The vehicle model that needs insurance is one of the largest considerations that determines if you can find cheap insurance for drivers over age 60. Vehicles with limited speed and performance, excellent safety ratings, or low incidents of liability claims will cost quite a bit less to insure than fast, unsafe models. The data below outlines car insurance prices for a handful of the more affordable automobiles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $1,201 |
| Ford Escape XLS 2WD | $1,206 |
| Honda CR-V EX-L 2WD | $1,226 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,304 |
| Ford Edge SE 2WD | $1,322 |
| Toyota Prius | $1,329 |
| Dodge Grand Caravan CV | $1,347 |
| Ford Explorer Eddie Bauer 2WD | $1,353 |
| Honda Civic DX 4-Dr Sedan | $1,399 |
| Chevrolet Impala LS | $1,407 |
| Honda Odyssey EX W/Rear Entertainment | $1,399 |
| Chevrolet Malibu LS | $1,424 |
| Toyota RAV4 Limited 4WD | $1,433 |
| Chevrolet Equinox LT AWD | $1,424 |
| Ford Fusion S 4-Dr Sedan | $1,429 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,439 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,449 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,454 |
| Toyota Corolla XLE | $1,500 |
| Toyota Camry SE | $1,507 |
| Start Your Quote Go | |
Prices based on single male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Table data does not factor in zip code location which can revise coverage prices substantially.
Looking at the numbers, you can assume that vehicles like the Hyundai Elantra, Ford Escape, Honda CR-V, and Volkswagen Jetta will be the cheaper vehicles to insure for older drivers.
Choosing the top insurance provider can be difficult considering how many choices there are in Cleveland. The company rank data displayed below may help you select which auto insurance companies to look at when comparing rate quotes. The rankings below are only comprised of large insurance companies, so companies that focus mainly on Ohio business are not factored into these rankings.
Top 10 Major Car Insurance Companies Overall in Cleveland
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Discount Cleveland insurance rates
Car insurance companies that offer quotes for drivers over age 60 may have policy discounts that can reduce rates by 40% or more if you meet specific criteria. A few of the larger companies and a partial list of their discounts include:
- Farm Bureau offers discounts including good student, 55 and retired, safe driver, youthful driver, and multi-policy.
- State Farm has discounts for accident-free, Steer Clear safe driver discount, defensive driving training, anti-theft, student away at school, and driver’s education.
- Progressive may have discounts that include homeowner, good student, multi-policy, online signing, multi-vehicle, and online quote discount.
- Allstate includes discounts for anti-lock brakes, passive restraint, early signing, auto/life discount, new car, and eSmart discount.
- Nationwide offers premium reductions for good student, accident-free, business or organization, defensive driving, and family plan.
- MetLife may offer discounts for defensive driver, good student, claim-free, good driver, and multi-policy.
The information below illustrates the difference between auto insurance rates with and without discounts applied to the premium. The prices are based on a female driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with defensive driving course, accident-free, multiple policy, passive restraint, safe-driver, and homeowner discounts applied. When discounts are applied, theaverage yearly reduction on auto insurance for drivers over age 60 is 29% or $445.
Here’s why you should compare rates often
Ohio auto insurance rates are based on many factors that control the cost of coverage. Getting older, filing a claim, or getting a ticket for careless driving may prompt premium changes that may make certain companies cheaper than before.
Not only may things change on your end, but insurance companies change prices without warning in order to be able to pay unexpected claims. Higher than normal claims may cause increased policy costs, while a profitable period may cause cheaper Cleveland car insurance rates.
As an example, the bar chart below shows a variety of companies that have the cheapest car insurance in Cleveland, OH for a 30-year-old male driver with a clear driving record, no claims, and a good credit history. Based on his current risk profile, Utica National may offer the lowest car insurance rates in Cleveland at $820 annually. This is $220 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers round out the rest of the most affordable Cleveland, OH auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison a claim or two, slightly worse credit, and a stop sign violation. Since every insurance provider has a proprietary method to establish rates, analyzing rates may now show a different set of the cheapest Cleveland car insurance companies as shown below.
Cincinnati Insurance now has the lowest price on auto insurance in Cleveland with Merchants Insurance Group, Grange Mutual, General Casualty, and Motorists Mutual now rounding out the top five. This example illustrates why it is critical to compare lots of rates when trying to get the most economical auto insurance quotes for drivers over age 60.
Auto insurance prices are made up of many risk factors and can decrease or increase without notice, so the cheapest company three years ago may now be quite expensive.
How to find budget-friendly car insurance for drivers over age 60
Below you’ll find some of the recommended thrifty ideas that can help drivers quote low-cost coverage.
- Avoid speeding and other traffic citations and pay less
- At-fault accidents can raise rates significantly
- Pay lower rates with good credit
- Buy a safer vehicle
- Increase deductibles to save money
- Compare rate quotes frequently
The last item on the list is incredibly significant, as we discussed in this write-up. Car insurance rates go up and down frequently, so you should be ready to change to a new company if a cheaper rate is available.
Many drivers have brand loyalty and that’s fine, but it’s not recommended if it’s costing you money that could be used for better things. Now is a great time to shop around to find cheaper car insurance for drivers over age 60 in Cleveland.
The agents shown below can probably help you make a decision which auto insurance policy would work best for you, as lots of people like to have some advice when shopping around for cheaper insurance for drivers over age 60. It can be challenging to do it yourself, and insurance agents can provide peace of mind knowing your coverage gives you adequate asset protection.
To locate a Cleveland insurance agent near you, click the button at the bottom of the list.
Mraz Insurance Agency
20180 Center Ridge Rd – Cleveland, OH 44116 – (440) 356-2055
Farmers Insurance – Earl Soroka
1621 Euclid Ave #408 – Cleveland, OH 44115 – (216) 452-0885
Wendy Narad Agency – Farmers Insurance
24800 Chagrin Blvd #100 – Cleveland, OH 44122 – (216) 292-3803