as well as records with one accident, one speeding violation, or one DUI, were also used in the calculations of certain driver archetypes. To get the average annual rate used in our analysis, we computed the mean rate for male and female drivers ages 25, 35 and 60 who drive 12,000 mil...
with comprehensive and collision coverage, along with higher liability limits of 100/300/50. Drivers of older cars, on the other hand, may choose to have a policy that only meets the state-mandated minimum for coverage such as liability, uninsured motorist coverage and/or personal injury ...
John Dilmore is an insurance editor for U.S. News & World Report. He has been on staff since 2022 covering insurance, including car insurance and pet insurance. His editing and writing is focused on helping consumers better understand insurance, including choices they face when shopping for cov...
If one of your cars is older and you own it outright, you can likely stop paying for collision insurance and comprehensive coverage. In most states, you’ll still have to pay for liability insurance if you decide to drop the rest of your full-coverage policy. Try Usage-Based Insurance ...
Reduce Coverage for Older Cars:For older vehicles, consider dropping comprehensive coverage if the repair cost exceeds the car’s market value. Avoid Small Claims:Retain your No Claim Bonus by not filing minor claims and covering small damages out of pocket. ...
Who's this for?On top of its already affordable rates,Safecogives a discount to drivers 55 or older who complete an approved defensive driving course. Standout benefits:If you stay claims-free, Safeco will send you a check for up to 5% of your premium annually. You can also save up to...
For life insurance and some medical policies, you’ll pay more if you’re older or have documented unhealthy habits. If you have a history of banged-up cars or lots of speeding tickets, auto insurance will be expensive. If you live in hurricane alley or on the San Andreas Fault, homeowne...
This type of young person car insurance cover can help these drivers who typically pay the highest sums for insurance. It works in the same way as car insurance for older drivers but often comes with cost-cutting features. These include telematics technology to help drivers lower their costs ...
The carrier also offers special classic car coverage for older, valuable vehicles. The insurance company offers 24/7/365 customer service, regardless of where you're located in the world when you need to file a claim. Chubb's coverage catalog is also quite extensive, including multiple types ...
Vehicle make, model and age:Older cars are usually cheaper to cover, though that’s not always the case for models that lack safety features. Vehicles that are common targets for theft usually receive higher premiums. Location:Motorists could pay more if they live in densely populated cities, ...