Who Has Affordable Oakland Auto Insurance for Drivers Over Age 60?

Comparing quotes for cheap auto insurance is hard enough, and figuring out which insurers offer the most affordable insurance rates for drivers over age 60 will involve even more perseverance.

Each auto insurance company has a unique formula for determining prices, so we need to take a look at the most budget-friendly insurance companies in Oakland. It’s a good idea to know that Oakland, CA insurance rates are based on many factors that can increase the policy price. This is why it is so important to take the time to shop around when trying to find affordable auto insurance rates for drivers over age 60. Insurance rates can be determined by many risk factors and change frequently, so the best price the last time you shopped around may now be wasting a lot of money.

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Who has the cheapest car insurance in California?
Rank Company Cost Per Year
1 Wawanesa $1,146
2 USAA $1,155
3 Century National $1,226
4 CSAA $1,234
5 Nationwide $1,263
6 21st Century $1,379
7 Grange $1,433
8 Allstate $1,497
9 GEICO $1,513
10 Mercury $1,533
11 Progressive $1,558
12 The Hartford $1,575
13 Allied $1,603
14 MetLife $1,638
15 State Farm $1,733
16 Unitrin $1,750
17 Esurance $1,756
18 Bristol West $1,777
19 Travelers $1,842
20 Farmers $2,026
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Wawanesa may have some of the most affordable car insurance rates in Oakland at around $1,146 each year. USAA, Century National, CSAA, and Nationwide would also make the list of some of the best Oakland, CA insurance companies.

In this example, if you are a customer of CSAA and switched to Wawanesa, you might achieve yearly savings of about $88. Customers with Nationwide may save as much as $117 a year, and 21st Century policyholders might cut rates by $233 a year.

It’s important to note that these premium estimates are averages for all types of drivers and the different vehicles they drive and do not take into consideration an exact zip code location for drivers over age 60. So the company that can offer you the lowest price may not even be in the top 24 companies in the list above. That illustrates why you need to get car insurance quotes using your own driver data and vehicle information.

For older drivers, one of the big things that aid in calculating the annual cost of car insurance is where you call home in Oakland. Cities with larger populations will most likely pay more, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.

The information below sorts the priciest cities in California for drivers over age 60 to buy an auto insurance policy in. Oakland shows up at #3 costing $1,738 on average, which is about $145 monthly.

How much does auto insurance cost in Oakland?
Rank City Premium Per Year
1 Glendale $2,142
2 Los Angeles $2,083
3 Oakland $1,738
4 San Francisco $1,711
5 Sacramento $1,669
6 Long Beach $1,626
7 Santa Clarita $1,595
8 San Bernardino $1,580
9 Garden Grove $1,570
10 Stockton $1,556
11 Moreno Valley $1,551
12 Riverside $1,542
13 Fontana $1,535
14 Modesto $1,502
15 Fresno $1,502
16 Santa Ana $1,497
17 San Jose $1,437
18 Anaheim $1,430
19 Huntington Beach $1,402
20 San Diego $1,381
21 Fremont $1,361
22 Oxnard $1,358
23 Irvine $1,343
24 Bakersfield $1,340
25 Chula Vista $1,311
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Rate quotes are estimated as vehicle location can lower or raise coverage prices noticeably.

Types of discounts on Oakland auto insurance

Save on insurance for older drivers in OaklandInsurers that offer coverage for drivers over age 60 may additionally offer rate discounts that can reduce rates by as much as 40% or more if you meet specific eligibility requirements. Larger insurance companies and a summarized list of policyholder discounts are detailed below.

The example below visualizes the comparison of yearly insurance costs with and without discounts applied to the policy rates. The data assumes a female driver, no claims or driving citations, California state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with claim-free, accident-free, anti-theft, homeowner, vehicle safety, and defensive driving course discounts applied. In this example, the average amount saved each year on insurance for drivers over age 60 is 29% or $581.

Full coverage versus liability only rates

Saving on insurance should be important to the majority of people, and an easy way to find cheap insurance for drivers over age 60 is to only buy liability coverage. The illustration below illustrates the difference between insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in California. The premiums assume no tickets, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

On average, comprehensive and collision coverage on your policy costs $1,849 per year over and above liability coverage. At some point, about every driver wonders if buying full coverage is a good investment. There isn’t a written rule for dropping comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s replacement cost is $8,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $7,500 after paying your policy deductible. If premiums are more than $750 a year to have full coverage, then it’s probably a good time to buy liability coverage only.

How to find economical car insurance for drivers over age 60

The list below summarizes some penny-pinching ideas that can help drivers get cheap car insurance.

The last tip is especially crucial, as we hit on in this article. Coverage rates change a lot, so don’t be afraid to buy a different policy if a better deal can be had. Staying with the same company for years is fine, but it isn’t a good idea if that stubbornness costs you lots of money. Now is a great time to compare rates and find cheaper car insurance for drivers over age 60 in Oakland.

If you aren’t sure which coverage you need and prefer to have some professional guidance when shopping for the best coverage for older drivers, the agents shown below can most likely help you determine which car insurance policy is best.

To find an auto insurance agency near you, click the link after the list.

State Farm Insurance – Oakland – Mat Dahms Agency
4400 Keller Ave #260Oakland, CA 94605(510) 636-1440

Farmers Insurance: Patrick Siu
993 Jackson StOakland, CA 94607(510) 350-7829

Farmers Insurance – Lorraine Yip Yung
1168 Franklin StOakland, CA 94607(510) 832-5113

Allstate Insurance: Francis H. Lan
900 Alice St Ste 128Oakland, CA 94607(510) 835-8581

On My Way Insurance
320 10th StOakland, CA 94607(510) 893-3298

View more Oakland, CA insurance agencies