Allstate
$35/mo
General
$39/mo
USAA
$25/mo
State Farm
$30/mo
Umialik
$41/mo
Allstate
General
USAA
State Farm
Umialik
It's a smart time to become more conscious of how you spend your money and whether you're having good value for it as you plan to enjoy the retirement life. That applies to both the policies for your car and your retirement funds. You should make sure that you receive the necessary coverage depending on the value of your car. Based on your driving experience, you can also select a policy that suits your lifestyle and provides the incentives and discounts you deserve.
How do you decide which insurer can give you the best value for the buck with so many auto insurance options out there? We've put together a list that not only looks at coverage, but also factors in all discounts that directly favor seniors and the numerous incentives that are provided with your seniors’ car insurance policy.
The Hartford AARP® Auto Insurance Program has been providing automobile insurance solely to AARP customers since 1984. While this suggests that The Hartford caters solely to the 50 and older demographic, it does not take away from the great reviews the company has. A regular feature on the J.D. Power list, Hartford regularly receives above-average customer loyalty scores, and the financial strength of the firm remains high.
Pros & Cons
The Pros:
The Cons:
Coverage Types
Thanks to an agreement with The Hartford, AARP provides car insurance to its customers whose auto insurance plans have comparable coverage to most insurers' regular policies. Regardless of this, the Hartford plans of the AARP® Car Insurance Program offer a range of additional incentives, including:
Deals on Seniors' Car Insurance
Since the Hartford policy's AARP Auto Insurance Package is primarily aimed at AARP holders, their vehicle insurance plans are already at a reduced rate. The following discount opportunities can support drivers aged 50 and older:
Availability and Limitations
While Hartford is an auto insurance company that has a wide reach, it is not available in all states. Residents of Hawaii, Massachusetts, Michigan, and New Jersey natives would not be eligible to sign up with The Hartford for auto insurance. In Alaska, Louisiana, Mississippi, North Dakota, or Rhode Island, homeowner plans are not valid, so seniors who opt for auto insurance there will not be eligible to take advantage of the discount plan. The other big drawback, of course, is that only AARP participants can take advantage of this particular Hartford policy.
Customer Satisfaction Information
Since the bulk of auto insurance clients of The Hartford are 50 and over the business regularly earns strong customer loyalty marks. In reality, relative to the J.D. Power list, The Hartford ranked 6th out of 25 major insurance providers Power 2019 Auto Claims Satisfaction Study.2 In comparison, for mid-size insurance firms in J.D., The Hartford took the top spot.
If you or your partner have worked in the military, then take a look at USAA for car insurance. Not only does the business deliver some of the industry's lowest costs, but most also ranks high in customer loyalty and handling of claims. And since it is accessible in all 50 states, for someone who is preparing to move for retirement, USAA is a convenient option.
Pros & Cons
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The Cons:
Coverage Types
As one of the nation's top-rated insurance companies, USAA covers all the standard auto insurance plans. You would need to meet the insurance standards of your state. In addition, USAA provides Lyft and Uber drivers with rideshare coverage, 24/7 roadside assistance, and towing coverage. USAA clients can also package the policies of their vehicle and landlord or pick other covers, such as life insurance, rental or apartment insurance, and boat insurance.
The incentives that USAA participants enjoy are one of the strongest elements of USAA auto insurance. USAA, for instance, provides consumers with payment versatility, meaning they can pick payment periods that suit their pay plan. At any moment, through its website and mobile app, USAA offers you easy access to your policy. You may be eligible for injury forgiveness, auto purchase aid for new vehicle sales, and other membership benefits.
Deals on Seniors' Car Insurance
While USAA provides some of the industry's lowest fares, it also offers discounts, some of which specifically help older drivers out. For veterans who have been USAA members for 40 or more years, the senior benefit is a special discount. Multi-car and multi-policy discounts help save money for people with multiple vehicles or combined car and homeowner plans. For those with vehicles that are less than three years old, new vehicle discounts are eligible. For those who only travel a certain amount of miles each month, reduced rates depending on mileage are eligible.
Availability and Limitations
In all 50 states; Washington, D.C.; and some overseas areas, USAA auto insurance is available (subject to eligibility and underwriting approval). Again, however, to apply for USAA health and other member perks, you or your partner must be a veteran.
Standard auto insurance just doesn't make sense for retirees who live in retirement communities or never use their vehicles. Fortunately, Metromile has programs primarily targeted at drivers who clock up fewer than 10,000 miles a year, making it the perfect option for experienced drivers who only rarely venture out on the track.
Pros & Cons
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The Cons:
Coverage Types
The same basic coverage that most other auto insurance providers have is provided by Metromile. Its payment system, however, behaves differently. Metromile splits its auto insurance premiums into two elements instead of charging you a flat rate per month: a base premium and a per-mile fee depending on your driving. Typical variables such as age, driving history, and credit score decide the base rate and cost per mile. Then the Smart Driving app from Metromile tracks your mileage with a system that the company plugs into the diagnostic port of your vehicle. Each month, the premium will adjust, with the amount equal to the average per mile compounded by the number of miles that you drove that month.
Wat's more, the following add-on benefits are provided by Metromile:
The unit from Metromile is mounted in the diagnostic port of your car, but with its app, you get some benefits, such as the ability to find your parked vehicle and a car health report that checks whenever you inquire.
Deals on Seniors' Car Insurance
For the number of miles you travel, Metromile doesn't provide a lot of extra discounts. However, for those who cover more than one vehicle, the insurer does offer a multi-car discount. It also restricts your daily charge to 250 miles (150 miles if you live in New Jersey), even if you regularly wish to take a long road trip, you will not pay excessive fees.
Availability and Limitations
The eligibility of Metromile operates like that of most insurance companies, meaning you would typically apply for coverage unless you're a severely high-risk driver. In Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia, and Washington, however, Metromile is only accessible. Your car must also have an ODB-II diagnostic port, so to apply, you would need a 1996 or newer model.
Customer Satisfaction
Metromile is not used in most insurance comparative analyses offered on the J.D. Power list, owing to its comparatively limited market share. Control and related departments. Do not underestimate Metromile, though, and it does not indicate that the business is not great in terms of customer loyalty. In fact, not only does Metromile hold an A+ award from the Better Business Bureau, but the business is also certified by BBB—an honor that many car insurance firms do not hold.
Allstate has some of the industry's best plans, plus it has a special incentive for policyholders over 55 years of age who retire or work part-time only. This makes Allstate a likely option for those searching for opportunities to pinch pennies through retirement, along with the company's other discount offers.
Pros & Cons
The Pros:
The Cons:
Coverage Types
Including umbrella insurance plans, 24/7 roadside help, and new-car repair, Allstate provides practically any car insurance policy you may need. In addition, Allstate provides certain very unique products, such as rideshare coverage for drivers from Lyft and Uber, vintage vehicle coverage for antique vehicles, Mexican travel insurance for those traveling over the border, and aftermarket machinery custom parts coverage.
Allstate delivers multiple benefits free of charge when it comes to extra perks, including:
Allstate offers discount plans that, while receiving excellent insurance benefits, will help seniors save money. In reality, Allstate provides retiring policyholders aged 55 or over with a senior discount, plus multi-car and multi-policy discounts. For automated withdrawals, paperless billing, deferred fees, and added protection features, Allstate also provides rate reductions.
However, with its Drivewise app, which analyzes your driving patterns and gives you rewards depending on how well you drive, one of the easiest ways to save with Allstate is. For using the Drivewise app, you get a 10 percent discount, plus you will net extra discounts of up to 25 percent for healthy driving.
Availability and Limitations
Allstate is the fourth biggest auto insurance provider in the United States, based on written contracts, according to the Insurance Information Institute. Allstate's service is available in all 50 states, and the company has a wide network of local providers willing to help you. Allstate is a pretty good bet for customers who want a reliable, nationally recognized insurance company.
Customer Satisfaction
Allstate's reputation is mixed in terms of client loyalty. Unfortunately, in both the most recent Insurance Shopping Survey and the J.D. Auto Claims Satisfaction Study, Allstate has not done well. Allstate is currently working diligently to settle virtually all of the grievances filed with the BBB.
Adjust your standing as a driver:
Many drivers are beginning to dream about retirement after 65. When you change your driving status from "commuter" to purely driving for fun, most insurers will give you a discount. This ensures that you can significantly minimize the miles you travel per year, which will save you considerable cash. You should pick "leisure" and reevaluate how many miles you'd be commuting in retirement when you get a quote online.
Taking a lesson of defensive driving:
After completing a protective driving lesson, drivers 55 and over will earn car insurance incentives for seniors. To earn premium car insurance rates for veterans, drivers above the age of 55 should take a protective driving course. It is possible to take some of these classes online from the comfort of your own home, while others are taught in person. You will also get senior offers on car insurance by taking lessons from companies such as AAA and AARP. The bulk of courses cost below $20, which is definitely worth the savings on premiums. Note, depending on where you live and the insurance company, the discount rate can vary.
Shop about with coverage for veterans and promotions:
Seniors will get discounts at some car insurance providers as they get older. For starters, in conjunction with AARP, The Hartford provides auto insurance for retirees, as well as special features for policyholders over the age of 50. When you intend to retire, it is important to note that premiums for auto insurance can vary based on the state and community. So, to find the best deals, try matching quotes from different insurers.
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
Car insurance for seniors is basically car insurance that includes senior adult discounts but can also include other advantages. Senior discounts are usually offered at age 50 and grow after five years. Usually, seniors with strong driving histories enjoy the highest deals and incentives from all drivers.
For retirees, auto insurance is different, and they offer age-specific benefits beginning at age 50, and insurance providers normally look at the long driving record of a senior as a good one and compensate them with reduced premiums. Additional services, such as AARP membership, roadside assistance, rideshare credits, and household assistance, can also be covered by auto insurance for seniors if an illness happens due to a car crash.
Car insurance premiums for seniors’ range based on a number of attributes, including:
Most definitely, yes, senior auto insurance is worth the premiums you're paying. Car insurance is legally required for driving an automobile in most states. The mandatory minimum is considered this form of necessary insurance. The risks involved with the purchase of senior citizens' auto insurance would be significantly smaller than the costs and effects of driving without insurance.
As we have stated elsewhere on this page, Allstate Insurance and Farmers Insurance have attractive insurance rates for seniors.
Hartford seems to offer the best car insurance for seniors overall as we have stated above. State Farm Insurance and Liberty Mutual make the list of honorable mentions.
Yes, they do. Drivers over 50 can cash in on the several auto insurance discounts that are available for them. Car insurance discounts for seniors are available for completing defensive driving courses, multiple car insurance policies, retired government workers, etc.
While when you are over 65 years old, car insurance premiums will usually go up, you will also receive new benefits and rebate opportunities. A variety of considerations, including rates, discounts and whether an insurer will provide a renewal guarantee, should be weighed by senior citizens looking for car insurance. There are many ways you can keep the cost of car insurance down.
Access your digital insurance card through the app. You no longer need to carry your physical insurance card with you.
Receive reminders before your renewal. Way.com will also send new quotes from up to 45 insurance companies with your renewal reminder.
Keep everyone on your policy up to date by sharing your insurance information.
Make changes to your policy right from the app (coming soon) and ask for expert advice.
For the best user experience, please download our Way app.
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