Who Has the Cheapest Auto Insurance Rates for Seniors in Charlotte?

The type of vehicle requiring coverage is probably the largest consideration that determines the availability of affordable auto insurance for seniors. Vehicles with lots of horsepower, poor passenger safety features, or a high likelihood of having liability claims will cost much more to insure than more economical and safe models. The information below outlines coverage prices for a handful of the most cost-effective automobiles to buy coverage for.

Cheapest Vehicles to Insure in Charlotte, NC
Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $934
Ford Escape XLS 4WD $940
Honda CR-V EX 2WD $934
Honda Accord EX-L 4-Dr Sedan $1,012
Toyota Prius $1,037
Ford F-150 FX2 Super Cab 2WD $1,046
Dodge Grand Caravan CV $1,051
Toyota Tacoma 2WD $1,081
Chevrolet Silverado LS Regular Cab 2WD $1,100
Jeep Grand Cherokee Laredo 4WD $1,103
Chevrolet Impala LT $1,108
Toyota RAV4 Limited 4WD $1,103
Nissan Altima 2.5 4-Dr Sedan $1,113
Ford Fusion S 4-Dr Sedan $1,103
Chevrolet Equinox LT 2WD $1,111
Chevrolet Malibu Hybrid $1,103
Ford Explorer Eddie Bauer 4WD $1,127
Honda Civic VP 4-Dr Sedan $1,139
Honda Odyssey EX-L $1,161
Toyota Corolla S $1,169
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Premium data assumes married female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can revise insurance rates substantially.

Based on these rates, cars like the Hyundai Elantra, Ford Escape, Honda CR-V, and Honda Accord are most likely to be a few of the cheaper vehicles to insure for senior citizens.

One of the more important criteria that are used to help calculate the price you pay for insurance is where your residence is. Areas with a lot of weather claims or more people tend to have higher rates, whereas less populated areas receive better rates.

The information below sorts the highest-priced places in North Carolina for seniors to purchase auto insurance in. Charlotte shows up at #3 with a yearly cost of $816 for car insurance, which is approximately $68 per month.

Car insurance prices in Charlotte
Rank City Premium Per Year
1 Fayetteville $923
2 Jacksonville $873
3 Charlotte $816
4 Gastonia $787
5 Greensboro $779
6 Durham $773
7 Raleigh $767
8 Goldsboro $765
9 Huntersville $764
10 Greenville $760
11 Wilmington $758
12 Wilson $754
13 Rocky Mount $748
14 Apex $747
15 High Point $745
16 Cary $742
17 Hickory $740
18 Indian Trail $731
19 Burlington $699
20 Chapel Hill $696
Compare Prices Now Go

Rate quotes are approximated as the specific geographic location can change coverage prices considerably.

The information below demonstrates how choosing different deductibles can influence insurance prices when researching cheap insurance for seniors. The premiums are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

In the chart above, a 40-year-old driver could lower their car insurance rates by $170 a year by switching from a $100 deductible to a $500 deductible, or save $258 by selecting a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could reduce their rates as much as $422 annually by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it will be required to have spare funds to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Impact of citations and accidents on insurance rates

The recommended way to find the cheapest auto insurance prices for senior citizens is to be a good driver and avoid tickets and accidents. The diagram below demonstrates how citations and at-fault claims can raise insurance costs for each age group. The premiums are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are factored in.

The data above shows the average cost of car insurance in North Carolina per year with no accidents and a clean driving record is $1,006. Receive one speeding ticket and the average cost surges to $1,141, an increase of $135 each year. Now add in two accidents along with the one speeding ticket and the yearly cost of auto insurance for seniors goes up to an average of $2,403. That’s an increase of $1,397, or $116 per month, just for not maintaining a clean driving record!

Get discount Charlotte car insurance rates

Save on auto insurance for senior citizens in CharlotteInsurance companies that provide coverage for seniors may also give you rate discounts that could potentially reduce rates by as much as 30% if you meet specific criteria. Larger auto insurance companies and a selection of discounts include:

The diagram below illustrates the difference between auto insurance rates with and without discounts applied to the policy rates. The premiums assume a female driver, no accidents or driving violations, North Carolina state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with safe-driver, multiple vehicle, passive restraint, vehicle safety, accident-free, and marriage discounts applied. When these discounts are applied, the average savings per year on auto insurance for seniors is 29% or $495.

How to find low-cost auto insurance for seniors

The list below summarizes some thrifty solutions that can help North Carolina drivers get cheaper auto insurance.

That final tip is extraordinarily important, as was stressed in this article. Auto insurance rates change frequently, so drivers shouldn’t be reluctant to buy from a new company if a lower-cost policy is available.

Having a favorite company is fine, but it’s not recommended if that loyalty results in overpaying lots of hard earned cash every month. In less than five minutes you could compare prices to find cheaper insurance for seniors in Charlotte.

If you aren’t sure which coverage you need and prefer to get help from a professional when trying to find lower insurance rates for seniors, the insurance agencies listed below can answer your questions and help you decide which insurance coverage you need. To locate a Charlotte insurance agent in your neighborhood, click the button below the list.

RJR Insurance
7810 Ballantyne Commons Pkwy # 300Charlotte, NC 28277(704) 543-2700

Alex Williamson – State Farm Insurance Agent
4108 Park Rd #106Charlotte, NC 28209(704) 525-9995

Allwood Insurance
3611 Mt Holly-Huntersville Rd #205Charlotte, NC 28216(704) 395-1239

The Jordan Insurance Agency,LLC
13860 Ballantyne Corporate Pl #120Charlotte, NC 28277(704) 926-7565

Nationwide Insurance – William Laurie Agency
8820 University E Dr Ste BCharlotte, NC 28213(704) 945-2331

More insurance agents in Charlotte, NC