Who Has Affordable Atlanta Car Insurance for Drivers Over Age 50?

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Wouldn't it be excellent if you could just magically know that one special company that has the cheapest coverage for drivers over age 50? Regrettably, it's not quite that easy, as there are a ton of unknown aspects like citations or tickets, your age, and if you are married. We are going to cover the best ways to avoid paying too much and should give you a good start in finding the cheapest insurance in Georgia.

The make and model of vehicle driven is probably the biggest factor that determines the availability of the most economical auto insurance for drivers over age 50. Vehicles with economical engines, good crash test ratings, or low incidents of liability claims will cost less to insure than fast, unsafe models.

The data below shows auto insurance rates for a handful of the cheapest vehicles to buy coverage for.

Cheapest Vehicles to Insure in Atlanta, GA
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V EX 2WD $1,372
Honda Accord EX 4-Dr Sedan $1,377
Ford Escape XLS 4WD $1,372
Toyota Prius $1,518
Ford F-150 XLT Super Cab 4WD $1,571
Ford Edge SE AWD $1,590
Ford Fusion S 4-Dr Sedan $1,622
Toyota RAV4 Limited 4WD $1,627
Chevrolet Equinox LS 2WD $1,622
Chevrolet Impala LT $1,630
Toyota Tacoma Double Cab 4WD $1,622
Ford Explorer Eddie Bauer 4WD $1,653
Dodge Grand Caravan Crew $1,662
Hyundai Elantra Blue 4-Dr Sedan $1,675
Ford Focus SEL 4-Dr Sedan $1,684
Honda Odyssey EX-L W/Rear Entertainment $1,707
Toyota Corolla LE $1,714
Jeep Grand Cherokee SRT-8 4WD $1,739
Nissan Altima 3.5 SR 4-Dr Sedan $1,744
Chevrolet Malibu LTZ $1,739
Volkswagen Jetta 2.0T 4-Dr Sedan $1,746
GMC Sierra SLE Regular Cab 4WD $1,739
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $1,746
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate information does not factor in specific zip code location which can modify premium rates considerably.

By looking at the data, we can assume that models like the Honda CR-V, Honda Accord, Ford Escape, Toyota Prius, and Ford F-150 will be a few of the less-costly vehicles to insure for older drivers.

Deciding which company has the best insurance rates for drivers over age 50 will take a little more work than just comparing a company or two. Every car insurance company has their own unique process to determine premium rates, so let's take a look at the overall cheapest insurance companies in Georgia.

Find Cheaper Auto Insurance for Age 50+

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Rankings for the cheapest car insurance companies in Georgia
Rank Company Cost Per Year
1 Auto-Owners $855
2 The Hartford $913
3 USAA $978
4 Central Mutual $1,157
5 Georgia Farm Bureau $1,260
6 MetLife $1,276
7 Travelers $1,331
8 Safeco $1,369
9 Country $1,377
10 Mercury $1,397
11 State Farm $1,404
12 Allied $1,424
13 California Casualty $1,577
14 Encompass $1,639
15 Progressive $1,774
16 Nationwide $1,827
17 Liberty Mutual $2,064
18 GEICO $2,209
19 Allstate $2,246
20 Victoria $2,483
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Auto-Owners quotes some of the most affordable car insurance rates in Atlanta at around $855 each year. This is $674 less than the average premium paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and Georgia Farm Bureau also qualify as some of the more affordable Atlanta, GA car insurance companies.

In the above rates, if you are a policyholder with Georgia Farm Bureau and switched to The Hartford, you might achieve a yearly savings of about $347. Georgia drivers with MetLife might save as much as $363 a year, and Travelers policyholders might realize rate reductions of up to $418 a year.

To find out how much you can save, click here to start your free quote or quote prices from the following companies.

It's important to note that these premium estimates are averaged across all insureds and vehicles and are not factoring in a specific location for drivers over age 50. So the company that can offer you the best rate may not even be in the top 20 companies in the list above. That illustrates why you need to compare as many prices as possible using your own specific driver information and vehicle.

For older drivers, one of the more important criteria that help determine the amount you pay each year for auto insurance is where you normally keep your vehicle in Atlanta. Larger areas likely pay more, whereas areas with less congestion benefit from lower coverage costs.

The following table rates the highest-priced areas in Georgia for drivers over age 50 to purchase auto insurance in. Atlanta is ranked #2 with a yearly premium of $1,405 for car insurance, which is around $117 monthly.

How much does auto insurance cost in Atlanta?
Rank City Premium Per Year
1 East Point $1,450
2 Atlanta $1,405
3 North Atlanta $1,336
4 Smyrna $1,292
5 Macon $1,291
6 Alpharetta $1,284
7 Dunwoody $1,281
8 Mableton $1,267
9 Columbus $1,243
10 Marietta $1,241
11 Roswell $1,235
12 Gainesville $1,232
13 Sandy Springs $1,230
14 Rome $1,206
15 Peachtree City $1,192
16 Savannah $1,191
17 Augusta $1,173
18 Warner Robins $1,161
19 Hinesville $1,157
20 Martinez $1,152
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Rates are estimated as the specific area where the vehicle is garaged can increase or decrease coverage prices considerably.

Difference between full coverage and liability only rates

Saving money when shopping for insurance is probably important to most drivers, and one of the easiest ways to find cheap insurance for drivers over age 50 is to only pay for liability coverage. The example below shows the difference between insurance prices with liability coverage only compared to full coverage. The premium estimates are based on no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.

If averaged for all ages, comp and collision coverage costs an additional $2,063 per year over and above liability coverage. That may make you wonder if physical damage coverage is worth the money. There isn't a written rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

Irresponsible driving raises your rates

The ideal way to score the most affordable insurance prices in Georgia for older drivers is to be a safe driver and not get tickets or have accidents. The illustration below shows how violations and at-fault claims raise premium costs for different age groups. The information is based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

In the previous example, the average cost of car insurance in Georgia per year with a clean driving record and no accidents is $3,016. Receive one speeding ticket and the average cost surges to $3,397, an increase of $381 each year. Then add in one accident along with the one speeding ticket and the yearly cost of insurance for drivers over age 50 goes up to an average of $4,491. That's an increase of $1,475, or $123 per month, just for not keeping your driving record clean!

The diagram below demonstrates how deductibles can raise or lower insurance rates when getting quotes for cheap insurance for drivers over age 50. The price estimates are based on a single male driver, full coverage, and no other discounts are factored in.

As shown above, a 30-year-old driver could lower their car insurance rates by $492 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $740 by choosing a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could save up to $1,460 annually just by choosing higher deductibles.

When using a larger deductible, it is necessary to have spare funds to offset the extra out-of-pocket expense. That is the one drawback of using higher deductibles.