Progressive
$48/mo
Allstate
$60/mo
General
$32/mo
State Farm
$26/mo
Erie
$42/mo
Progressive
Allstate
General
State Farm
Erie
Regardless of age, most states mandate you have valid auto insurance. You need to pay high premiums for your car insurance in your teens. But, it will gradually decrease during adult years. But what happens to the cost of your car insurance when you get older? How much is the car insurance for seniors?
Even if your driving habits stay the same and your record is spotless, you can expect a surge in your premium as you age. So be ready for a potential hike in the price of your auto insurance once you turn 60. But, you needn't worry about that! There are several ways to find cheap car insurance for seniors.
The best way is by using the various car insurance discounts for senior citizens that the insurance companies offer. In addition, many insurers offer some exclusive discounts for senior citizens. Senior citizens can also save on car insurance while retiring or taking a defensive driving course. Another way to decrease car insurance for seniors is by comparing quotes from various insurers and buying the cheapest one.
So, what are the senior car insurance discounts? Which companies offer the best car insurance discounts for senior citizens? Keep reading our review of car insurance for seniors to get a detailed insight into senior car insurance discounts!
Car insurance for seniors costs $1,328 yearly, around $110.67 a month. Senior drivers in the age group 60-69 pay this premium. With an average annual rate of $1,776, drivers in the age group 80-89 pay the highest premium among the senior drivers.
Senior drivers in the age group 70-79 pay the second-highest premium with an average annual rate of $1,536. The car insurance rate for seniors will be higher than that of drivers in their 30s, 40s, or 50s. So, how can you lower the insurance premiums? Firstly, try to get quotes from multiple insurers, compare, and buy the one with the lowest quote.
Or, ask for the various senior car insurance discounts your insurer offers. Our review covers the various car insurance discounts for senior citizens, the best insurance companies for senior citizens, a list of senior citizen discounts by state, and more!
| Age group | Average annual rate | Average six-month rate |
|---|---|---|
| 60-69 | $1,328 | $664 |
| 70-79 | $1,536 | $768 |
| 80-89 | $1,776 | $888 |
The biggest challenge for senior drivers is to choose the best car insurance company. The company should provide them with enough coverage and discounts to make the premiums affordable. Also, looking at the customer reviews before buying an insurance policy is essential.
Our research found that USAA has the highest average customer satisfaction rating, with a 4.8/5 score. Erie and American Family also have the same rating and are favored by senior drivers.
| Rank | Insurer | Average Customer satisfaction rating (out of 5) |
|---|---|---|
| 1 | USAA | 4.8 |
| 2 | Erie | 4.8 |
| 3 | American Family | 4.8 |
| 4 | Allstate | 4.7 |
| 5 | Nationwide | 4.6 |
| 6 | National General | 4.6 |
| 7 | Farmers | 4.6 |
| 8 | State Farm | 4.6 |
| 9 | Progressive | 4.6 |
| 10 | Auto-owners | 4.6 |
Choosing the correct insurer is the best way to reduce car insurance premiums for seniors. With a yearly average rate of $932, Nationwide ranks first among the insurers that offer the best value for senior drivers. USAA is the nest best options for senior drivers. These are some companies that offer the best value for seniors.
| Rank | Insurer | Average annual rate | Average six-month rate |
|---|---|---|---|
| 1 | Nationwide | $932 | $466 |
| 3 | USAA | $1,082 | $541 |
| 4 | Progressive | $1,130 | $565 |
| 5 | State Farm | $1,158 | $579 |
| 6 | The Hartford | $1,314 | $657 |
| 7 | Farmers | $1,376 | $688 |
| 8 | Allstate | $1,912 | $956 |
For drivers in their 60s, Nationwide offers the most affordable auto insurance and comprehensive coverage. The following coverage add-ons from the company can increase your protection level.
They don't offer any special senior car insurance discounts. But these are some discounts that senior drivers may qualify for.
It is the third-cheapest insurer for senior drivers. These are some coverages that they offer.
USAA doesn't provide special car insurance discounts for senior citizens. Instead, consider getting eligible for the following discounts.
With a yearly average rate of $1,130, Progressive offers the fourth-best auto insurance rates for senior drivers. These are some additional coverages that the insurer offers.
The company doesn't have special senior car insurance discounts. However, these are some typical discounts that senior drivers can use.
With a yearly average rate of $1,158, State Farm is the best for senior drivers looking for basic coverage. These are some extra coverages that State Farm offers.
These are some typical discounts that the company offers.
With an average annual rate of $1,314, The Hartford provides the best full coverage insurance for senior drivers. These are some additional coverages that the company offers.
It provides some enhanced coverage in the form of these extra safeguards.
It includes the following features.
These are some typical discounts that the insurer provides to its customers.
Farmers have average customer satisfaction ratings and are the second most expensive insurance provider for drivers above 60. Farmers offer these coverages.
You can get Farmers' senior driver discount if you're over 55 and successfully finished a defensive driving course that has been certified by the state. However, keep in mind that each state may not offer discounts. These are the other discounts that the company offers.
It is the most expensive insurer for senior drivers, with a yearly rate of $1,912. The following are some typical coverages that Allstate offers.
Like most other insurers, Allstate doesn't offer special senior car insurance discounts. However, these are a few of Allstate's insurance reductions that can significantly lower your car insurance price.
These are the cheapest car insurance companies for seniors in various states.
| State | Insurer | Average annual rate |
|---|---|---|
| Alabama | USAA | $870 |
| Arkansas | Shelter | $1,064 |
| California | Progressive | $1,066 |
| Delaware | USAA | $978 |
| Florida | State Farm | $1,402 |
| Georgia | Progressive | $1,160 |
| Idaho | State Farm | $780 |
| Indiana | State Farm | $794 |
| Kansas | Iowa Farm Bureau | $1,098 |
| Louisiana | Southern Farm Bureau | $1,382 |
| Maine | Concord | $572 |
| Michigan | Progressive | $1,172 |
| Mississippi | State Farm | $1,052 |
| Missouri | Progressive | $1,136 |
| Montana | State Farm | $1,028 |
| Nebraska | Iowa Farm Bureau | $1,204 |
| New Hampshire | Concord | $622 |
| New Jersey | New Jersey Manufacturers | $1,088 |
| New Mexico | USAA | $848 |
| New York | Progressive | $808 |
| North Carolina | State Farm | $784 |
| North Dakota | Progressive | $896 |
| Ohio | Nationwide | $654 |
| Oklahoma | Progressive | $1,092 |
| Oregon | Country | $898 |
| Rhode Island | Travelers | $1,326 |
| South Carolina | Travelers | $1,158 |
| South Dakota | State Farm | $1,058 |
| Tennessee | USAA | $734 |
| Texas | State Farm | $1,002 |
| Utah | Bear River | $586 |
| Vermont | Concord | $730 |
| Virginia | USAA | $740 |
| Washington | USAA | $850 |
| West Virginia | Erie | $1,030 |
| Wyoming | USAA | $778 |
Nationwide offers the best insurance coverage for senior drivers. However, that does not suggest that you must buy the insurance policy from that company alone. See our recommendations below if you're looking for additional suggestions on reducing your auto insurance rate.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
With an average annual rate of $932, Nationwide offers the cheapest car insurance for seniors.
Our research found that USAA is the best car insurance for seniors, with an average customer satisfaction rating of 4.8.
Like most insurers, State Farm doesn't have exclusive senior car insurance discounts.
Yes. The average cost of auto insurance is already cheaper for drivers in their 50s and 60s than for any other age group. But unfortunately, many retirees fail to take advantage of sizable insurance savings simply because they fail to request them.
Yes. The main reason is that as people age, their risk of getting hurt or killed in a car accident increases, which results in higher auto insurance premiums.
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