Who Has Affordable Buffalo Auto Insurance for Drivers Over Age 70?

See How Much You Can Save

One of the many criteria that aid in calculating the amount you pay for auto insurance is your zip code. Areas with more people or even just a higher incidence of claims tend to pay slightly more, whereas areas with less congestion receive better rates.

The illustration below ranks the highest-priced places in New York for drivers over age 70 in which to buy car insurance. Buffalo comes in at #13 with the annual price of $1,488 for the average insured, which is about $124 each month.

How much does car insurance cost in Buffalo, NY?
Rank City Average Per Year
1 New York $2,735
2 Hempstead $2,301
3 Freeport $2,281
4 Levittown $1,981
5 Yonkers $1,978
6 Mount Vernon $1,938
7 Brentwood $1,910
8 Hicksville $1,862
9 West Babylon $1,856
10 Coram $1,732
11 New Rochelle $1,676
12 White Plains $1,629
13 Buffalo $1,488
14 Cheektowaga $1,240
15 West Seneca $1,189
16 Niagara Falls $1,189
17 Tonawanda $1,165
18 Utica $1,103
19 Syracuse $1,086
20 Troy $1,085
21 Albany $1,067
22 Rochester $1,036
23 Irondequoit $1,031
24 Schenectady $1,020
25 Binghamton $940
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Table data uses approximated as zip code location can revise premiums considerably.

Deciphering which company quotes the best car insurance rates for drivers over age 70 requires a tad more effort in order to find the best price. Every car insurance company has their own process to set premium rates, so we will examine the most budget-friendly car insurance companies in New York.

We do need to point out that Buffalo car insurance rates are calculated based on many things which can substantially change the policy price. Simply having another birthday, adding a teenager to your policy, or getting into an accident can cause premium changes that may make certain companies cheaper in comparison to the competition.

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New York car insurance ranked by cost per year
Rank Company Cost Per Year
1 USAA $1,199
2 Erie $1,242
3 Utica National $1,504
4 Progressive $1,512
5 Travelers $1,513
6 Allstate $1,603
7 MetLife $1,620
8 Amica $1,644
9 Preferred Mutual $1,686
10 GEICO $1,850
11 New York Central Mutual $1,892
12 Safeco $1,946
13 State Farm $1,962
14 Central Mutual $2,028
15 Liberty Mutual $2,066
16 Hanover $2,299
17 Encompass $2,610
18 Nationwide $3,178
19 Mercury $3,848
20 21st Century $4,455
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USAA normally has some of the best car insurance rates in Buffalo at around $1,199 each year. This is $876 less than the average policy premium paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Travelers also make the cut as some of the cheaper Buffalo, NY insurance companies.

As the example above demonstrates, if you currently have coverage with Travelers and switched to Erie, you may realize an annual premium reduction of around $271. New York drivers with Allstate may save as much as $361 a year, and MetLife customers might reduce prices by as much as $378 a year.

Be aware that those policy rates are averages for all types of insureds and vehicles and and are not figured with an exact vehicle garaging location for drivers over age 70. So the insurer that can offer you the lowest price may not even be in the top 20 companies in the list above. That is why you need to compare rates from multiple companies using your own personal information and vehicle type.

The illustration below demonstrates how choosing different deductibles can increase or decrease annual premium costs when quoting cheap insurance for drivers over age 70. The premiums assume a single female driver, full coverage, and no discounts are factored in.

In the chart above, a 30-year-old driver could reduce rates by $242 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $364 by switching to a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could drop their prices up to $532 or more by choosing a larger deductible amount. If you do raise deductibles, it is essential to have additional funds squirreled away to be able to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Cost comparison with and without full coverage

Reducing premiums for car insurance is important to the majority of vehicle owners, and an effective way to pay less for insurance for drivers over age 70 is to buy liability only. The illustration below compares insurance prices with liability coverage only compared to full coverage. The data assumes no violations or accidents, $1,000 deductibles, single status, and no discounts are factored in.

If we average all the age groups together, physical damage coverage costs an extra $1,118 per year more than insuring for liability only. That brings up the question if buying full coverage is worth the money. There is no definitive formula of when to phase out comp and collision coverage, but there is a general guideline. If the annual cost of coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it's probably a good time to buy liability coverage only.

There are a few cases where dropping full coverage is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Ending up with the best insurance company is difficult considering how many choices there are in Buffalo. The ranking information in the lists below may help you select which auto insurance companies to look at purchasing coverage from.

These rankings are only made up of companies that insure vehicles nationwide, so companies without a large exposure are not included in this list. To check rates and find the cheapest rates for drivers over age 70, simply click here.

Top 10 Large Auto Insurance Providers in Buffalo Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. State Farm
  5. GEICO
  6. Nationwide
  7. Allstate
  8. The General
  9. The Hartford
  10. 21st Century

Top 10 Large Auto Insurance Providers Overall in Buffalo

  1. The General
  2. Mercury Insurance
  3. The Hartford
  4. Progressive
  5. Travelers
  6. State Farm
  7. Farmers Insurance
  8. Erie Insurance
  9. Safeco Insurance
  10. USAA

Why are you paying too much for Buffalo car insurance?

New York car insurance rates are impacted by many factors that may substantially change the price you have to pay. Turning one year older, marrying your spouse, or getting a ticket for running a stop sign can cause premium changes that can cause some rates to be more affordable than before. Not only may your risk profile change, but car insurance companies file new rates every year or even multiple times each year in order to offset underwriting gains or losses. Heavy losses may result in increased policy costs, while a better claims history can produce more affordable Buffalo car insurance rates.

The chart below shows the cheapest car insurance in Buffalo, NY for a 35-year-old female driver with no accidents or violations, and good credit. When quoting prices based on her current risk factors, USAA has the lowest car insurance rates in Buffalo at $1,859 per year. This is $216 less than the average premium paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Travelers are also included in the cheapest Buffalo, NY auto insurance companies.

In this example, we will give the driver in the first example a chargeable accident, slightly worse credit, and a traffic citation. Since each auto insurer uses their own method for setting rates, comparing quotes may now present a different set of the cheapest companies as shown below.

Allstate now has the cheapest auto insurance in Buffalo with Amica, Erie, Preferred Mutual, and GEICO completing the list. This example proves why consumers need to take the time to compare many different companies to find cheap insurance rates for drivers over age 70.

Car insurance prices are calculated by many things and can change substantially, so the best company the last time you shopped your coverage around may now be wasting a lot of money.

The agents listed below can provide answers to your questions and help you determine which coverages and limits you need, as some drivers aren't sure which coverage they need and prefer to get some professional advice when shopping for the best coverage for drivers over age 70. It can be challenging to find the cheapest rates, so getting advice from a licensed New York insurance agent can provide satisfaction knowing your coverage gives you adequate coverage when you need it most. To locate a Buffalo insurance agent using an interactive map, click the button below the list or click here to compare price quotes now.

Burch Insurance Agency
4180 Bailey Ave - Buffalo, NY 14226 - (716) 830-3417

Jacob Hauck Agency Inc
801 Main St - Buffalo, NY 14203 - (716) 853-3820

Niagara National Insurance
5001 Genesee St - Buffalo, NY 14225 - (716) 684-6000

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