What Auto Insurance is Cheapest for Seniors in San Antonio?

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It's impossible to miss the ads from companies like Nationwide and Allstate promising big savings, so drivers should just pick the company with the cutest commercial, right?

Regrettably, it's not quite that easy, as there are a ton of unknown aspects such as if you have a coverage lapse, your financial responsibility, the number of miles you drive in a year, and the safety features built into your vehicle, that all influence how much you pay for auto insurance. The content below covers some of these topics and also should give you a jump start in finding the best auto insurance in San Antonio.

The vehicle requiring coverage is a large consideration that determines if you can find the lowest-priced insurance for seniors. Vehicles with high performance, poor safety ratings, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models. The data below showcases auto insurance premiums for a handful of the more affordable vehicles to insure.

Cheapest Vehicles to Insure in San Antonio, TX
Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 2WD $916
Honda CR-V LX 4WD $925
Hyundai Elantra SE Touring Station Wagon $994
Toyota Prius $1,015
Ford Explorer XLT 2WD $1,027
Ford F-150 XLT Regular Cab 4WD $1,035
Dodge Grand Caravan CV $1,027
Chevrolet Impala LS $1,063
Honda Odyssey EX $1,070
Jeep Grand Cherokee Laredo 4WD $1,084
Nissan Altima 2.5 4-Dr Sedan $1,092
Chevrolet Malibu Hybrid $1,084
Toyota RAV4 4WD $1,094
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Premium data assumes married male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate quotes do not factor in your specific San Antonio, TX location which can impact price quotes significantly.

Based upon these rates, we can conclude that cars like the Ford Escape, Honda CR-V, and Hyundai Elantra are going to be some of the less-costly vehicles to insure for senior citizens.

For senior citizens, one of the more important considerations that determine the amount you pay each year for auto insurance is where you call home in San Antonio. Areas with more people or even just a higher incidence of claims likely pay more, whereas more rural areas have the gratification of cheaper auto insurance rates.

The next table shows the most costly cities in Texas for seniors to buy auto insurance in. San Antonio comes in at #14 with the yearly price of $1,688 for the average policy, which is around $141 monthly.

How much is auto insurance in San Antonio, TX?
Rank City Annual Rate
1 McAllen $1,956
2 Dallas $1,911
3 Houston $1,891
4 Brownsville $1,870
5 Amarillo $1,858
6 Laredo $1,851
7 Garland $1,832
8 Mesquite $1,825
9 Irving $1,772
10 Beaumont $1,772
11 Pasadena $1,740
12 Grand Prairie $1,740
13 Lubbock $1,733
14 San Antonio $1,688
15 Fort Worth $1,670
16 Austin $1,659
17 Carrollton $1,647
18 Arlington $1,642
19 El Paso $1,584
20 Plano $1,576
21 Corpus Christi $1,572
22 Waco $1,569
23 McKinney $1,561
24 Killeen $1,518
25 Abilene $1,515
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Information shown are approximated as the vehicle garaging location can modify premium rates significantly.

Finding out which companies have the lowest-priced car insurance rates for seniors involves more work than just quoting one company's rates. Each company uses their own formula for determining rates, so let's examine the lowest cost car insurance companies in Texas.

We do need to point out that San Antonio car insurance rates are impacted by many factors that may substantially change the policy price. Turning one year older, increasing liability limits, or having a fender bender may cause policy rate changes resulting in some companies being cheaper than before.

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Travelers may have some of the lowest car insurance rates in San Antonio at around $1,021 per year. This is $883 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the lowest-priced San Antonio, TX insurance companies.

As illustrated above, if you currently buy coverage from Germania Mutual and switched to Travelers, you may see yearly savings of around $261. Policyholders with Esurance may save as much as $386 a year, and California Casualty customers might reduce rates by $417 a year.

To discover how much you can save, click here or visit several of the following companies.

Bear in mind that those estimates are averaged for all drivers and vehicles and do not take into consideration a specific vehicle garaging location for seniors. So the insurer that can offer you the lowest price may not even be in the list above. That point stresses why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

Does it make sense to buy full coverage?

Saving money on car insurance should be important to most drivers, and a great way to save on the cost of insurance for seniors is to not buy full coverage. The chart below visualizes the comparison of insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The price estimates are based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are not married, and no policy discounts are applied.

If all age groups are averaged, comp and collision coverage costs $2,000 per year more than carrying just liability coverage. At some point, every insured wonders if buying full coverage is a good investment. There is no written rule to drop comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let's assume your vehicle's claim settlement value is $7,500 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $6,500 after the policy deductible has been paid. If premium cost is more than $650 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

The illustration below illustrates how your choice of deductibles can affect annual premium costs when researching cheap insurance for seniors. The information is based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

The data above shows that a 40-year-old driver could lower their policy premium by $302 a year by switching from a $100 deductible to a $500 deductible, or save $456 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, can save up to $766 every year by choosing a larger deductible amount.

When insureds make the decision to increase the deductibles on their policy, it is necessary to have additional savings on hand to enable you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

San Antonio car insurance companies ranked

Insuring your vehicle with a highly-rated car insurance company is hard considering how many choices there are in Texas. The company information in the next section can help you decide which car insurance providers you want to consider when shopping your coverage around.

These ratings only include companies that write coverage in many states, so smaller companies are not taken into consideration for these rankings. To compare rates from the insurers below and more, click here.

Top 10 Large Auto Insurers in San Antonio Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 Large Auto Insurers in San Antonio Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

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Texas car insurance rates are determined by lots of factors which can substantially decrease or increase the policy price. Getting older, buying a different vehicle, or having an at-fault accident may generate price changes that can cause some rates to be cheaper than before. Not only may things change on your end, but insurance companies file new Texas car insurance rates without warning to adjust for unexpected claims or profits. Significantly higher claims may cause additional price hikes, while less frequent claims may cause cheaper San Antonio car insurance rates.

The chart below shows the companies that have the cheapest car insurance in San Antonio, TX for a 45-year-old male driver with a clean driving record, no accidents, and good financial standing. When comparing rates based on his current situation, Travelers might offer the best car insurance rates in San Antonio at $1,205 per year. This is $699 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest San Antonio, TX auto insurance companies.

The example below compares rates after we give the driver from the first set of rates a claim or two, a lower credit score, and a speeding ticket. Since each auto insurer has their own unique process for establishing rates, analyzing rate quotes may result in a significantly different list of the cheapest car insurance companies in San Antonio as shown below.

Mercury now has the cheapest car insurance in San Antonio, TX with State Farm, Nationwide, Safe Auto, and USAA also having competitive pricing. This example proves why consumers need to take the time to shop around when trying to find the lowest car insurance rates for seniors. Rates are calculated by many factors and can change without notice, so the best option the last time you shopped around may now be costing you a lot of money.

If you aren't clear which coverage you need and would like to get some professional advice when trying to find lower insurance rates for seniors, the agencies below are a good start to help you determine which auto insurance policy would work best for you. To locate an agency by location nearest to you, click the button below the list or click here to compare rates now.

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