Yes, seniors can get a discount on car insurance. Senior citizen auto insurance discounts of 5% to 15% are available for drivers aged 50-65+ who belong to affiliated groups, take approved driver education courses, or drive fewer miles. Major insurers do not offer discounts simply for reaching a certain age, however.
Age is a factor in your insurance premium in every state except California, Massachusetts and Hawaii. And even these states allow insurers to consider years of driving experience. As a result, most drivers will see their insurance rates begin to rise between the ages of 65 and 75, and certain states make senior drivers renew their licenses more frequently around this time.
Since the cost and risks associated with car insurance can increase for seniors as they age, insurance companies such as Geico and The Hartford offer specialty insurance plans for older drivers. These policies offer discounted pricing as well as tailored benefits. If you’re looking to buy auto insurance as a senior, it’s best to consider the price of these programs alongside the value of their senior-oriented perks.
Auto Insurance Programs Designed for Seniors
- The Hartford’s AARP Auto Insurance Program: To qualify, you must be an AARP member and at least 50 years old. AARP Insurance is discounted for seniors and offers special benefits like help with household chores if you’re injured in a car accident.
- Geico’s Prime Time Program: To qualify, you must be 50 and older, with no accidents or violations for the past three years and no listed drivers under 25, and you cannot drive for business reasons. Policyholders are guaranteed renewal in some states.
- Retirement Benefits: Retired federal employees or members of the military can save with Geico, as can members of more than 800 affiliated professional and alumni groups. AARP members can also receive a 20% discount on Allstate’s roadside assistance coverage, even if they use a different insurer for their main policy.
Senior Citizen Auto Insurance Discounts for Mature Driver Courses
Depending on the state and insurance carrier, seniors may be able to save by taking a mature driver course. These classes are like advanced versions of drivers education and are specially designed for older drivers. Depending on your state, you may be eligible starting at 50, 55, or 65 years old.
It’s important to remember that seniors can take advantage of other car insurance discounts, too. For example, seniors who are not using a car to commute might qualify for a low-mileage discount. And regardless of age, it’s always smart to comparison shop by checking quotes from multiple insurers.
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