cheap car insurance for seniors

If you’re looking for cheap car insurance for seniors, you’ve come to the right place.

If you’re a senior citizen, then you have to be smart about your auto insurance. There are several things that affect how much you pay for your monthly premiums, including your age and gender. However, there are ways that you can lower costs even more by comparing quotes from various companies and choosing the cheapest one.

In this article, we’ll discuss some of these options so that seniors can get the best deals on their car insurance policies!

13 Best Car Insurance For Senior Citizens ideas | cheap car insurance, car  insurance, senior citizen

cheap car insurance for seniors

When you hit your 60s, two things are for sure. Some wise guy will refer to you as being in your “senior years.” And you’re going to soon face higher car insurance rates.

Thankfully, your auto insurance costs aren’t going to go crazy high and suddenly resemble that of your newly licensed grandkids. But your rates will start to drift upward, since, around this age, people’s reaction times tend to slow down. Insurers tend to get nervous about that.

But where your insurance policy zigs, you can zag. If you look around, there are discounts and deals to be found when it comes to car insurance for senior citizens.

Let’s take a look at how to snag the cheapest car insurance for seniors.

KEY TAKEAWAYS
Based on Insurance.com 2021 research, Geico provides the cheapest car insurance for senior drivers at an average of $1,359 a year, and State Farm offers low rates and excellent customer service.
One way to keep your car insurance rates down as you grow older is by getting all the discounts you are eligible for.
Discounts – such as good-driver and safe-driver discounts — are available to people of all ages. Most insurance companies offer discounts between 5% and 25% on your premium, according to a 2021 Insurance.com analysis.
Allstate offers senior discounts for drivers who are older than 55 or working part-time.
IN THIS ARTICLE
Car insurance for seniors
How much is auto insurance for seniors?
Why do auto insurance rates for seniors rise?
How seniors can find cheap insurance rates
Ways to get the cheapest car insurance for seniors
Who has the cheapest car insurance for seniors?
Seniors car insurance – beware of scams
Shop wisely for senior car insurance
Car insurance for seniors
Car insurance for seniors trends upward as you get older, but there are steps you can take to get the best rates possible.

“Seniors have experience driving, so it is not comparable to teens,” said Janet Ruiz, director of strategic communications at the Insurance Information Institute. “Many companies do have safe driving courses for seniors to alert them to the specific things they may encounter as they age. Some give a discount if you take the safe driving course, which is usually offered online.”

How much is auto insurance for seniors?
According to our findings, auto insurance in your 50s is usually cheaper than it is for younger and older drivers. This age group is considered the safest on the road in terms of health and safe driving. You’re in your prime for driving.

In your 50s, you’ve got a lot of experience behind the wheel, quick reflexes, good health and reliable hearing and vision. That’s how car insurance companies view it. As you push into your 60s is when rates tick up a bit, so it becomes essential to find out who has the cheapest car insurance for seniors.

Based on Insurance.com’s 2021 findings, here are the average costs for four different age groups and three types of insurance coverage. We include the cost of a bare bones state minimum policy, a liability-only policy with higher limits of $50,000 for bodily injury coverage per person injured in an accident caused by you, $100,000 for everyone injured in the accident and $100,000 in property damage coverage, written as 50/100/50. We also included a policy with liability limits of 100/300/100 plus collision and comprehensive, with a $500 deductible.

Expert tip: You need collision and comp coverage if you have a financed or leased car, or a newer car you want to protect.

Average Car Insurance Cost for Seniors
55 $494 $560 $1,363
65 $515 $585 $1,402
75 $630 $718 $1,654
85 $778 $887 $1,987
When you hit 65, is when you’re likely to see a bump in your car insurance premium. You’re wiser, more mature, and quite possibly having the time of your life. But auto insurance companies see aging as a bit of a risk, so when you turn 65, it’s a good time to re-evaluate your current insurance and compare to others that cater to car insurance for seniors.

Why do auto insurance rates for seniors rise?
Car insurance companies base rates on how much risk a driver poses to them. Basically, if statistics show you are in a group that makes you more likely to make a claim, you’ll pay more for auto insurance. Mature drivers have experience on their side, but also have their aging bodies and minds that make one not as spry behind the wheel.

Drivers ages 70 and older have higher crash death rates per mile driven than middle-aged drivers (ages 35-54), according to the Centers for Disease Control and Prevention. Much of that’s due to increased vulnerability to injury in a crash versus, say, being a worse driver. In 2019, the latest statistics available, about 8,000 older adults, 65 years of age and up, were killed in traffic rashes and more than 250,000 were treated in emergency departments for crash injuries.

The CDC notes that age-related physical issues, such as arthritis, reduced flexibility and limited range of motion and decline in vision, plus diminishing cognitive functioning can affect senior drivers’ driving abilities. This is why keeping a stellar driving history will be important so that you can get cheaper car insurance rates. If you drive beyond your current abilities, and get a ticket or in an accident, this will signal to insurers that you pose a higher risk.

Don’t worry though, not all is lost. There are indeed ways to save on senior citizen car insurance.

As you get into your golden years, you’ll start receiving discounts for many things from movie ticket prices to trips to shows. With senior car insurance there are some discounts to find, they may not totally offset the higher base rate you’ll start to see as your age pushes you into a higher risk tier, but every little bit can help.

EXPERT ADVICE
Daniel Ferrara
Daniel Ferrara
Emeritus Sales Rep for Liberty Mutual, based out of Katonah, N.Y.
“Car insurance rates tend to rise as driver’s get older because insurance carrier statistics prove that older drivers get into more accidents as their reflexes get slower. Drivers reactions’ time slow as they age,” Ferrara says. “What age do rates go up? That varies from carrier to carrier but generally it is around age 64.”

How seniors can find cheap insurance rates
One way to get cheap auto insurance for seniors is to get all the discounts you’re eligible for. Several auto insurance companies offer discounts that are particularly applicable to mature drivers.

Being loyal to your auto insurance company can earn you up to 30% off your premium. Geico, Nationwide, American Family and Progressive are among those companies that promote loyalty savings programs. Be careful, though. Most experts agree that a loyalty savings rarely outweighs saving either by switching providers or negotiating with your current provider.

Good driver and safe driver discounts are available to all ages, and by most companies, and can get you between 5% and 25% in savings on that insurance premium. The insurance company usually requires that you have a clean driving record for at least three years. That means no DUIs, no moving violations and no at-fault collisions.

AARP offers mature driver courses that can reduce your premiums from 5% to 15% in some cases. In fact, most states require states to offer a discount.

Daniel Ferrara, an emeritus sales rep at Liberty Mutual, has several suggestions for getting the best rates as a senior driver:

Have your auto and home insurance with the same insurance carrier for the multi-policy discounts.
Take a defensive driving course. Even if you have a clean driving record, you’ll likely get about 10% off your rates for a discount.
Raise your deductibles on the collision and comprehensive portions of your coverage.
Ask about senior citizen discounts or a low mileage discount. Even though rates tend to go up as you get older, some carriers do offer a senior citizen discount. The logic being that as you get older you drive less miles per year as well as tend to drive at times of day when there are less cars on the road. He adds that some carriers will give a specific discount to older driver’s such as AARP membership or with the AAA. “As far as what percentage the discount you can get from a senior discount or a low mileage discount, again it varies from carrier to carrier that offers them, but 2% to 10% is probably the range,” he says.
Inquire about the possibility of opting in for a telematics device discount. It is basically a little device you plug into the car for 90 days or so, and based on good driving habits, low mileage and no nighttime driving, you might get as much as a 30% discount.
Car enhancements can also help seniors.

“Newer cars have many benefits for seniors with automated driving assistance features, back-up cameras, etc. IIHS Safety ratings are often considered by insurance companies when putting together the cost of the auto policy,” the Insurance Information Institute’s Ruiz says.

Perhaps you have retired and you’re driving a lot less. This is the perfect time to tap into low-mileage car insurance discounts. These usually kick in if you drive less than 7,500 or 10,000.

“Driving fewer miles means you have less road time, resulting in lower risk of getting into an accident,” Ruiz says. “Most insurers ask for yearly mileage to give a lower rate to drivers who are on the road less.”

To get an even higher discount for driving less (and also for showing good driving behavior), you can participate in usage-based insurance (UBI) programs where your insurance company monitors your driving. Most UBI programs use a mobile app on your smartphone to monitor your driving, but a few may instead require a device to be installed in your car. The monitoring can help you adjust any bad driving behavior and get a discount once you do. The discount can be quite substantial, such as 30% or more.

If you don’t want your driving skills monitored, there are other plans that are based on how many miles you drive. These pay per mile programs may be more to your liking if you are driving few miles annually.

If you take precautions to thwart off car thieves, your insurance company usually shaves some off your bill. You could save up to 30%.

Bundling your homeowners or renters insurance along with your auto insurance can save up to 30%. We found that the following 2021 national bundling averages are:

Auto and homeowners insurance at a savings of 11%.
Auto and condo at almost 10%.
Auto and renters at 5%.
Auto and life insurance at 2%.
Take advantage of a multi-car discount of up to 25%, too, by insuring one or more cars with the same company. These discounts typically apply to your collision, liability and comprehensive coverages. It doesn’t always work best to bundle, though. Compare and contrast premium costs before merging.

Now that you’re in your senior years, you may be more financially stable. You’ve got years of balancing budgets behind you, and you’ve got it down to a science, right? If so, and you can shell out the money to pay your car insurance bill in full, you could save up to about 10%.

Every discount can help you work your way to acquire cheap car insurance for seniors.

Ways to get the cheapest car insurance for seniors
What is the best car insurance for seniors? That depends on your needs first and then as for rates, you won’t know until you shop around.

Comparison shopping is important at any age and for any product. As life brings changes, and companies quietly shift rates and costs, you’ve got to stay on top of not only who gives you the best deal, but the best auto insurance for your current situation.

You may already have the best deal going with your current car insurance company. But as you shop around you may find that the best car insurance for seniors is a company that you aren’t currently aligned with.

The best time to assess your auto insurance and gather new quotes is each year when your current policy is up for renewal.

Also, take a look at your insurance should any of these circumstances arise:

Purchase a new or different car
Add or remove a driver
Marriage
Divorce
Moving
Add a teen driver
Home purchase
DUI or major violation – review DUI insurance
Accident
Change in credit score
When shopping around you want to get senior car insurance quotes from at least three companies, more if you have time. Unless you are making changes, like adding or removing a car from your policy or changing limits, you should be able to use your current policy’s information to make sure you’re comparing like policies. Otherwise you may find out the low cost auto insurance for seniors policy you bought has lower limits than you expect or higher deductibles than you can afford.

Speaking of deductibles, that is another way to save. Have you ever thought of increasing your dollar deductible? Just bumping up that from $250 to $500 drives down the cost for collision and comprehension. That’ll save you, in some cases, up to 30%. You can save even more if you raise your deductible to $1,000. Of course, though, this means paying more out of your pocket should you cause an accident, so make sure it is set at an amount you could pull from savings if need be.

For more information, see “7 reasons your car insurance rates drop.”

Who has the cheapest car insurance for seniors?
Several auto insurance companies tend to fare well in “best and least expensive for seniors” surveys, including The Hartford AARP Program, which was created solely with the older driver in mind. This insurance plan guarantees you won’t get dropped unless you lose your license or don’t pay your premium. It even has a program called RecoverCare that kicks in to help cover costs that Medicare doesn’t should you get in an accident. It also includes lawn maintenance, snow removal, transportation services, food preparation and dog walking.

Amica, State Farm, Geico and Allstate additionally rate highly for companies that cater to senior drivers. Geico, for instance, has a policy called Prime Time, a guaranteed renewal program offered in 30 states to those 50 or older who have no one on the policy under the age of 25 and meet other qualifying items. Allstate offers senior discounts for those older than 55 or working part-time. Dairyland provides a pay-as-you-go option that is ideal for seniors who may have been denied standard insurance, and Metromile is a cheap alternative for those who drive infrequently.

If you’re thinking, “What is the best car insurance company for seniors?” the answer will depend on your specific situation.

There is not just one company to highlight as the best for cheap auto insurance for seniors as what a policy will cost you will vary from others due to your own personal risk factors (age, location, driving record, vehicle model, etc.). Shopping around for good rates and looking for discounts to lower the rate even more is the best practice.

Some alumni groups and professional business associations also offer group plans and reduced rates. You may want to suggest checking with your affiliated organizations to see what they offer. Buying car insurance as part of a group can earn you many benefits. To get low-cost car insurance for seniors, shop around and ask for discounts of any type to discover what you’re eligible for and can help reduce your premium.

is car insurance cheaper for senior citizens

Senior drivers pay, on average, $1,315 per year or $110 a month for auto insurance. The 60 to 69 age group pays the second-cheapest car insurance rates, behind only those in their 50s.

Age GroupAverage 6-Month PremiumMonthly Premium
60-69$658$110
70-79$762$127
80-89$882$147

Saving money is important at any age. But if you’re no longer working or are saving for retirement, the need to be fiscally responsible is even more paramount. So, in order to determine the best car insurance company for seniors, we created a user profile for our rate methodology and examined some of the top companies across the U.S.

Read further for more information on car insurance as a senior, including coverage offerings, available discounts and insurance policy details for senior car insurance.

Best Car Insurance Companies Comparison

Best car insurance companies for seniors

USAA Erie AmFam

USAA, Erie, and American Family

According to The Zebra’s Customer Satisfaction Survey, seniors were most pleased with USAA, Erie and American Family – car insurance from Costco anyone? Respondents in the 70-79 year-old age group gave these three carriers 4.8 stars each on the overall auto carrier category.

The Zebra conducted a survey with the intention of understanding carriers from a customer’s perspective. We asked how each major carrier held up in online experience, claims satisfaction, ease of use, customer service, trustworthiness, and willingness to recommend. USAA, Erie and American Family all received 4.8 stars from seniors in the overall auto carrier category. 

RankCompanyAverage Customer Satisfaction Rating (out of 5)
1stUSAA4.8
2ndErie4.8
3rdAmerican Family4.8
4thAllstate4.7
5thNationwide4.6
6thNational General4.6
7thFarmers4.6
8thState Farm4.6
9thProgressive4.6
10thAuto-Owners4.6
11thGEICO4.5
12thTravelers4.4
13thLiberty Mutual4.3
14thAuto Club (AAA)4.2
15thKemper3.9

View More


Which company offers the best value for seniors?

RankCar Insurance CompanyAverage 6-Month PremiumMonthly Premium
CheapestNationwide$460$77
2ndGEICO$527$88
3rdUSAA$535$89
4thProgressive$559$93
5thState Farm$573$96
6thThe Hartford$651$108
7thFarmers$682$114
8thAllstate$950$158

Nationwide — the most affordable company for seniors

At $77 a month, Nationwide is the cheapest car insurance company for drivers in their 60s and can cover all of your bases when it comes to coverage. The company offers some coverage add-ons that can provide more protection beyond a basic policy:

  • Roadside assistance
  • Rental reimbursement
  • Accident forgiveness
  • Vanishing deductible
  • Gap coverage
  • Deductible waiver for total loss
  • Towing and labor coverage

Nationwide auto insurance discounts for seniors

While Nationwide doesn’t offer a senior discount, the company offers other discounts for which senior drivers may qualify:

  • Multi-policy or bundling
  • Safe driver
  • Defensive driving course
  • Accident-free driving record
  • Membership in qualifying alumni or professional organizations

GEICO — best for good drivers

Famous for the tagline, “15 minutes can save you 15% or more on car insurance,” GEICO offers the second cheapest car insurance rates for older drivers on average across all ZIP codes, along with a good number of coverage options beyond the standard suite of collision, comprehensive and liability. These coverage types include:

  • Emergency road service
  • Rental reimbursement
  • Mechanical breakdown coverage
  • Accident forgiveness
  • Rideshare coverage

However, GEICO may not be the cheapest insurance company for higher-risk drivers with at-fault accidents or tickets on their record, according to our analysis of the best cheap companies. However, if you’re a good driver with a clean driving record, consider getting an auto insurance quote with GEICO.

GEICO Prime Time contract

If you are aged 50 or older, you could qualify for a unique contract type from GEICO. This special contract option guarantees policy renewal from year to year and is known as their Prime Time contract. It can be applied either when you first buy a GEICO policy or when it’s time to renew. You could be eligible if you meet the following criteria:

  • Be 50 years old or older
  • Have no drivers in your household under the age of 25
  • Be accident- and violation-free for the past three years
  • Have no vehicles used for business purposes

Note that this contract type is only valid in the following states: Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Nebraska, New Mexico, North Dakota, Ohio, Oregon, South Carolina, Tennessee, Utah, Virginia, Washington, West Virginia and Wisconsin.

GEICO car insurance discounts for seniors

GEICO doesn’t offer a discount specifically for senior drivers. But the company offers other discounts you could qualify for:

  • Defensive driving
  • Five-year good driving record
  • Retired government or military discount
  • Multi-car discount
  • Membership or employment in eligible organizations

USAA — best for military members and veterans

Only military members, veterans and qualifying family members can acquire insurance through USAA, which is consistently rated as one of the nation’s top insurance companies. USAA’s rates, on average, also tend to be very affordable. USAA is the third-cheapest company for seniors and charges an average insurance premium of $89 per month. However, the company doesn’t offer many coverage add-ons compared to other top insurers:

  • Roadside assistance
  • Rental reimbursement
  • Accident forgiveness
  • Car replacement assistance

USAA discounts for seniors

USAA does not offer a mature or senior discount. In place of this, consider qualifying for these discounts instead:

  • Good driving record
  • Defensive driving course
  • Multi-vehicle discount
  • Multi-policy or bundling discount
  • Car storage coverage
  • Loyalty discount

Progressive — best for high-risk drivers

Like the GEICO gecko, Progressive’s Flo is what most people remember about the company. Looking at Progressive’s rates, it’s not hard to see why the company is so popular. While not as cheap as Nationwide or GEICO, Progressive is the fourth cheapest option of the eight companies surveyed for seniors, with an average car insurance premium of $559 (or $93 a month). Progressive auto insurance policies can be bolstered with some additional coverages:

  • Rental car reimbursement
  • Roadside assistance
  • Gap coverage
  • Accident forgiveness
  • Vanishing deductible
  • Custom parts and equipment coverage
  • Rideshare coverage

One of Progressive’s selling points is its SnapShot program. Using a plug-in telematics device, SnapShot offers usage-based coverage, adjusting your auto insurance rates based on your driving habits and mileage.

While Progressive isn’t a cheap car insurance company for seniors, it could be among the cheapest if you have citations or accidents on your driving record.

Progressive car insurance senior discounts

While the company doesn’t offer direct insurance discounts for seniors, Progressive has plenty of discounts available to its customers, including:

  • Multi-policy
  • Multi-car
  • Continuous coverage
  • Good driver
  • Homeowner
  • Pay in full
  • Autopay

State Farm — best for basic coverage

State Farm is the most popular insurance company in the U.S., with local agents all over the nation. Depending on your location, it might be one of the most affordable options. For senior drivers, it’s the fifth cheapest insurance company with an average monthly cost of $96. However, State Farm has a limited selection of coverage options if you’re looking to get more protection than the typical policy.

  • Emergency road service
  • Rideshare coverage
  • Rental reimbursement

State Farm senior car insurance discounts

State Farm does not list any specific discounts for senior citizens. Discounts that seniors can take advantage of include:

  • Good driving
  • Accident-free discount
  • Defensive driving course discount
  • Vehicle safety
  • Multi-car
  • Multi-policy or bundling
  • Discount for anti-theft device-equipped vehicle

he Hartford — best for full coverage

The Hartford is a unique insurance company, as it’s specifically designed for those older than 50 and only available for registered AARP members. The Hartford’s customer service and claims satisfaction are very well-regarded, but that comes at a price — it’s the third most expensive insurer for seniors according to our data. Still, it’s worth considering The Hartford for its coverage options (which come in tiers). AARP auto insurance offers coverages that can be tailored to your needs:

  • Car towing coverage
  • Rental reimbursement
  • Gap insurance
  • Full glass coverage

The Hartford Advantage Program

Enrolling in the Advantage Program at The Hartford brings some improved coverage in the form of these additional protections:

  • Auto insurance rate protection for 12 months
  • RecoverCare: Post-accident reimbursements for expenses like house cleaning, transportation, dog walking and lawn maintenance
  • New car replacement
  • Lifetime car repair assistance
  • 24/7 claims hotline

The Hartford Advantage Plus Program

The top tier of coverage from The Hartford includes:

  • First accident forgiveness
  • Vanishing deductible
  • Deductible waiver for not-at-fault accidents
  • One deductible if you have two cars on one policy involved in the same accident
  • $100 deductible reduction

The Hartford senior driver insurance discounts

The Hartford offers auto discounts to all its customers, including the following methods of saving:

  • Bundling policies
  • Defensive driving course
  • Paying in full
  • Driving a hybrid or electric vehicle
  • Driving a vehicle with airbags and anti-theft devices

Farmers — best for discounts

Farmers is the second most expensive insurance company for drivers in their 60s and comes with mediocre ratings for customer satisfaction. Like State Farm, Farmers has local agents nationwide for those who prefer personalized service. Coverage from Farmers is quite comprehensive and includes the following:

  • Roadside assistance and towing
  • Rental car reimbursement
  • Rideshare coverage
  • Customized equipment
  • Glass deductible buyback
  • Full glass coverage
  • Spare parts coverage
  • New car replacement
  • Accident forgiveness
  • Original equipment manufacturer (OEM)

Farmers car insurance discounts for seniors

If you’re over age 55 and complete a state-approved defensive driving course, you can qualify for Farmers’ senior driver discount. Keep in mind discount availability varies by state. Other ones include:

  • Multi-policy or bundling discount
  • Multi-vehicle
  • Membership or employment in certain businesses, occupational groups or professional organizations
  • Military discount
  • Safe driver
  • Homeowner
  • Electronic funds transfer (EFT)
  • Pay in full
  • Driving an electric or hybrid vehicle
  • Driving a car equipped with anti-lock brakes (must be factory-installed), anti-theft device, daytime running lights, and passive restraint (airbags or automatic seatbelts), homing or tracking device
  • VIN etching
Cheap Car Insurance For Seniors: Follow These 5 Ways

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