Best Auto Insurance for Seniors
Want cheap car insurance as an older driver? Get coverage and discounts from the best insurance companies for seniors.
To get your best rate for auto insurance as a senior, you should:
- Be over the age of 55 and under the age of 65.
- Buy coverage from the best car insurance company for senior drivers.
- Qualify for one or more senior discounts.
- Have a clean driving record.
- Drive a safe car, not drive a lot or both.
Drivers between the ages of 55 and 65 pay lower rates for car insurance than almost any other age group. Why? One reason is they’re usually safer drivers than those under the age of 55. They often drive less, too. Also, most under-65 seniors have yet to experience the age-related declines in vision and cognitive function that are more common among their over-65 counterparts.
In other words, you’ll likely pay less for auto insurance than most younger drivers do if you’re 55 to 64. And you’ll likely pay more than they do if you’re over 65.
If you’re in either age group, keep reading. This article covers what you need to know about seniors car insurance, including:
- Cheap auto insurance for seniors
- Best car insurance companies for senior drivers
- How to lower your auto insurance rates as a senior
Best auto insurance rates for seniors
How much do seniors pay for car insurance? Our research found that older drivers pay $1,478 a year for car insurance, on average.
That’s just an average, though. So which company offers the cheapest car insurance for seniors? Progressive, according to our data.
|Insurance company||Average annual premium|
|AARP (from The Hartford)||$1,873|
|Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.|
We found that Progressive has the cheapest car insurance for seniors. It offered our sample driver an average quote of $1,228 per year, or $102 per month.
GEICO wasn’t far behind Progressive in terms of cheap auto insurance for senior citizens. The average rate quote GEICO sent our sample senior driver was $1,361 per year, or $113 per month.
AARP’s auto insurance program from The Hartford was the most expensive of the companies included in our survey. It offered our driver an average rate of $1,873 per year. That equals about $156 per month, or $54 per month more than what Progressive offered.
Keep in mind:
What you pay for car insurance depends on several rate factors, including your driving record, where you live, the car you drive and more.
Senior car insurance doesn't have to be expensive.
Compare quotes to find cheap insurance.
Best car insurance companies for senior citizens
There’s more to getting your best car insurance rate as a senior than buying a policy from the cheapest company. Senior discounts and other such programs play an important role, too.
Here’s what some of the best car insurance companies offer senior drivers in terms of discounts.
AARP, which sells car insurance coverage to its members through The Hartford, offers a defensive driver course discount that can lower your premium.
To get this discount and save money:
- Finish an approved defensive driver course.
- Send a copy of your certificate to AARP.
Complete the steps above and you could benefit from AARP’s defensive driver discount for the next three years.
Allstate offers several senior discounts, including a “senior adult” discount and a “55 and retired” discount.
To qualify for Allstate’s senior adult discount, you must be 55 years or older, not working and not looking for full-time work. Drivers who meet these requirements can save up to 10% on their car insurance.
Allstate has a defensive driver discount, too. To qualify for it, you need to be at least 55, have no at-fault claims on your record and take a defensive driving course that is at least six hours long.
Farmers offers a mature driver discount to eligible customers. Actually, it may be called the mature driver, senior driver or even defensive driver discount, depending on where you live.
No matter what it’s called, you’ll need to complete a state-approved safe driver training course within the last three years to qualify for this senior car insurance discount. You’ll also need to be over 55 years old.
You can’t get Farmers’ senior driver discount in all states, so check with a local agent to see if it’s available in your ZIP code.
GEICO has a defensive driver discount for older drivers, too. It also offers them — as well as younger drivers, in some cases — a five-year good driving discount as well as a retired government or military discount. You may be able to save up to 26% on your premium with the former and up to 15% with the latter.
Another GEICO offering senior drivers should consider is the company’s Prime Time contract. It provides guaranteed renewal to policyholders who:
- Are at least 50 years old.
- Have no violations or accidents in the past three years.
- Do not use any vehicle for business purposes.
Liberty Mutual doesn’t offer a defensive driver discount to seniors like the other car insurance companies mentioned, but it does offer a RightTrack program that serves a similar purpose.
By enrolling in Liberty Mutual’s RightTrack program, the company may reward your safe driving behaviors with a discount of up to 30%.
Liberty Mutual also has a military discount for policyholders who are active, retired or reserved in the U.S. Armed Forces.
Nationwide may not offer a senior car insurance discount to older drivers like some companies do, but it does offer these other discounts that may help seniors save money on their premiums:
- Defensive driving discount.
- Safe driver discount.
- SmartMiles pay-per-mile insurance program.
- SmartRide usage-based insurance program.
To qualify for Nationwide’s defensive driving discount, you must:
- Be 55 or older.
- Have no at-fault accidents to your record in the past 35 months.
- Complete a state-approved accident prevention course.
We may have found Progressive to offer the cheapest senior car insurance rates around, but the company doesn’t do much otherwise to reward older drivers for their good behavior behind the wheel.
Still, seniors who are safe drivers may find lower auto insurance rates with Progressive’s Snapshot program. This pay-how-you-drive program adjusts your rate based on your driving habits. The safer you drive, the more you can save — with an average annual savings of $145.
State Farm offers several discounts to senior drivers who want to pay less for car insurance. They include:
- Accident-free discount.
- Defensive driving course discount.
- Good driving discount.
To get the accident-free discount, you need to have auto coverage with State Farm for at least three straight years without a chargeable accident. For the company’s good driver discount, you need to go three years or more without any moving violations or at-fault accidents.
As for State Farm’s defensive driving course discount, you must take a qualifying driver safety course. Doing so could lower your premium by up to 15%.
How to lower your car insurance rates as a senior driver
Here are some tips on how to lower your auto insurance rates or keep your auto insurance rates low as a senior.
Drive carefully and maintain a clean driving record
The cleaner your driving record, the lower your car insurance premiums, in most cases.
You’re less likely to get into an accident if you don’t drive often. By limiting how much you drive annually and letting your insurance provider know about this change, you might be able to lower your car insurance costs.
Change the primary driver on your policy
Older drivers who usually have their children or someone else drive them around should consider changing the primary driver on their policies. This can help reduce auto insurance rates, depending on the other driver's age and driving record.
Buy a safer car
Purchasing a newer car equipped with safety features will often make your car insurance premiums go down. Why? Those features protect you from injury and death, and that protects you insurance provider from having to pay out expensive claims.
Raise your deductible
If you don’t drive much, you may save money on your auto insurance coverage if you increase your deductible. By increasing your deductible, you’ll decrease your monthly premiums. You’ll pay more out of pocket for repairs if you go this route, though, so keep that in mind.
Drop unnecessary coverage
While nearly all drivers need to have liability insurance, you may not need collision or comprehensive coverage. If that’s the case, such as if you drive an older car, getting rid of these optional types of coverage, or lowering your coverage limits, could make car insurance a lot more affordable for you.
The average rates highlighted in this article are based on quotes from a 70-year-old female driver with a clean driving record using a 2018 Nissan Altima in the Seattle metropolitan area. Coverage limits are 25/50/25 with $500 deductibles for collision and comprehensive coverages.
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