Who Has Cheap Auto Insurance Quotes for Drivers Over Age 70 in Tampa?

Finding out which companies quote the most affordable auto insurance rates for drivers over age 70 calls for a bit more effort than just quoting one company’s rates.

Each insurance company has their own formula for determining prices, so we will examine the most affordable auto insurance companies in Tampa.

Cheap Insurance Rates for Age 70+

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Florida auto insurance company rankings
Rank Company Cost Per Year
1 USAA $948
2 Electric $1,712
3 Amica $1,712
4 Progressive $1,847
5 Mercury $1,914
6 Travelers $1,945
7 Allied $1,945
8 Esurance $2,082
9 GEICO $2,086
10 State Farm $2,131
11 Auto-Owners $2,149
12 Allstate $2,388
13 21st Century $2,445
14 Windhaven Insurance $2,653
15 Safeco $2,987
16 MetLife $2,988
17 Hanover $3,024
18 Liberty Mutual $3,039
19 United Automobile $3,457
20 Direct General $4,062
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USAA quotes some of the lowest car insurance rates in Tampa at around $948 annually. Electric, Amica, Progressive, and Mercury would also be considered some of the most economical Tampa, FL auto insurance companies.

As shown in the rates above, if you are a policyholder with Progressive and switched to Electric, you could earn a yearly savings of in the neighborhood of $135. Insureds with Mercury could save as much as $202 a year, and Travelers policyholders might see rate reductions of $233 a year.

It’s important to note that these rates are averages across all drivers and vehicles and and are not figured with an exact vehicle garaging location for drivers over age 70. So the company that has the cheapest price for you may not even be in the top 21 companies in the list above. That’s why you need to quote rates from many companies using your own driver and vehicle profiles.

The vehicle needing coverage is one of the main factors when consumers are trying to find cheaper car insurance for drivers over age 70. Vehicles with limited speed and performance, good crash test ratings, or a track record of few liability claims will cost substantially less to insure than higher performance models.

The next list features coverage rates for a handful of the more affordable automobiles to buy insurance for.

Cheapest Vehicles to Insure in Tampa, FL
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 2WD $2,117
Ford Escape XLT 2WD $2,122
Jeep Wrangler Sport 4WD 2-Dr $2,213
Hyundai Elantra SE Touring Station Wagon $2,281
Toyota Prius $2,311
Ford Explorer Eddie Bauer 2WD $2,377
Honda Odyssey EX $2,475
Ford Edge Limited 2WD $2,483
Nissan Altima 2.5 4-Dr Sedan $2,508
Toyota RAV4 2WD $2,515
Chevrolet Impala LT $2,508
Jeep Grand Cherokee Laredo 2WD $2,513
Dodge Grand Caravan Crew $2,538
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $2,544
Chevrolet Malibu LT $2,538
Ford Focus SES 4-Dr Sedan $2,607
Chevrolet Equinox LTZ AWD $2,669
Volkswagen Jetta SEL 4-Dr Sedan $2,674
Toyota Corolla XRS $2,669
Ford F-150 Lariat King Ranch 2WD $2,679
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Data variables include single male driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Premium amounts do not factor in vehicle location which can revise price quotes noticeably.

Based upon these rates, we can conclude that cars like the Honda CR-V, Ford Escape, Jeep Wrangler, and Hyundai Elantra will definitely be some of the most budget-friendly vehicles to insure for older drivers. The price for an auto insurance policy will be more costly because of the fact that there is more risk for drivers over age 70, but generally speaking those models will probably have the cheapest rates that you are likely to find.

For older drivers, one of the big criteria that aid in calculating the price you pay for insurance is where you live in Tampa. Areas with more people or more claims tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.

The table below ranks the most costly cities in Florida for drivers over age 70 in which to buy car insurance. Tampa makes the list at #10 with an annual cost of $2,558 for the average insurance policy, which is around $213 per month.

Car insurance prices in Tampa
Rank City Annual Rate
1 Hialeah $3,595
2 Miami $3,241
3 Miami Gardens $3,181
4 Miami Beach $3,013
5 Miramar $2,683
6 West Palm Beach $2,625
7 Pompano Beach $2,595
8 Fort Lauderdale $2,576
9 Coral Springs $2,574
10 Tampa $2,558
11 Hollywood $2,552
12 Davie $2,523
13 Pembroke Pines $2,505
14 Brandon $2,368
15 St. Petersburg $2,219
16 Clearwater $2,194
17 Spring Hill $2,123
18 Jacksonville $2,020
19 Orlando $2,008
20 Port St. Lucie $1,994
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Price information shown is estimated as the vehicle garaging location can raise or lower insurance rates significantly.

The illustration below shows how different deductible levels can increase or decrease insurance prices when quoting cheap insurance for drivers over age 70. The data assumes a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.

In the chart above, a 40-year-old driver could lower their car insurance rates by $462 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $696 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old, could reduce their rates up to $1,550 or even more just by choosing higher deductibles. If you make the decision to raise deductibles, it will be important to have enough savings set aside to allow you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Types of discounts on Tampa insurance rates

Cheaper Tampa, FL auto insurance for older driversInsurers that provide policies for drivers over age 70 may additionally offer price discounts that can lower rates by as much as 40% or more if you are eligible to receive them. Companies and some of the premium reductions they offer are:

The diagram below compares insurance costs with and without policy discounts. Data assumes a male driver, no claims or driving violations, Florida state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with accident-free, anti-theft, passive restraint, claim-free, marriage, and multiple vehicle discounts applied. When discounts are factored in, theaverage amount saved on auto insurance for drivers over age 70 is 28% or $815.

How to find low-cost auto insurance for drivers over age 70

It’s not impossible to find cheaper rates, and here are many thrifty suggestions that can help Florida drivers buy low-cost coverage.

That final tip is remarkably vital, as we discussed in this piece. Prices charged by companies change a lot, so don’t be tentative to change to a new company if a better rate can be found.

Many consumers stick with the same company and that’s fine, but it’s not a good idea if that faithfulness ends up costing you lots of hard earned cash every month. If you have a few minutes, now is a great time to compare rates and find cheaper car insurance for drivers over age 70 in Tampa.

If you aren’t sure which coverage to buy and prefer to get some professional input when comparing insurance rates for drivers over age 70, the agencies below can most likely help you determine which insurance coverage will be best for you.

To find a Tampa insurance agent using an interactive map, click the button below the list.

Global FIS – A Full Service Independant Insurance Agency
8710 W Hillsborough Ave #201Tampa, FL 33615(813) 343-0844

Phil Cole Whitco Insurance Agency
6601 Memorial Hwy #230Tampa, FL 33615(813) 884-7577

Mynatt Insurance Agency
1316 W Busch BlvdTampa, FL 33612(813) 932-5511

A Complete Insurance Agency
5008 W Linebaugh AveTampa, FL 33624(813) 865-9000

Ray Mathews – State Farm Insurance Agent
15271 Amberly DrTampa, FL 33647(813) 978-1898

View map of Tampa, FL insurance agents