The best auto insurance for seniors is from Geico, USAA, and Esurance. These companies have the best car insurance for seniors because of their low premiums, strong customer service, and high ratings from WalletHub editors.
Best Auto Insurance for Seniors
- Geico - $507
- USAA - $639
- Esurance - $747
- AAA - $617
- State Farm - $710
- The Hartford - $754
- Travelers - $696
- Progressive - $732
- Mercury - $679
- Allstate - $942
Auto insurance companies typically charge more to insure senior citizens, so it’s important for older drivers to seek insurance providers that offer ample opportunities to save on auto insurance premiums.
Best Auto Insurance Companies for Seniors
The best auto insurance company for seniors is Geico because it has the cheapest premiums for senior drivers, according to WalletHub’s analysis. Geico also earns high marks from WalletHub editors for its variety of coverage options, ease of use, and multitude of discounts.
USAA is a great car insurance option for seniors, as the company offers a wide range of discounts and coverage options. However, USAA is only available for retired veterans, active-duty military members, and their families.
Esurance is rated highly by users on WalletHub and boasts great reviews from J.D. Power and the Better Business Bureau. Esurance also offers competitive premiums, along with a plethora of discounts and coverage options. However, Esurance is not available in every state and is best for seniors who are comfortable managing their auto policy entirely online.
In addition to AAA’s well-known roadside assistance program, they also offer great auto insurance policies. Seniors can get competitive rates from AAA, as well as access to a variety of discounts. While AAA’s customer service isn’t always the best, their claims process and transparency are consistently well reviewed.
State Farm offers competitive rates for senior drivers, as well as an impressive array of discounts and coverage options. The company also receives high marks for customer service. However, consumers complain that State Farm’s claims process can sometimes be frustrating.
The Hartford is best known for having an auto insurance program designed specifically for AARP members, featuring discounts and coverage options tailored to drivers aged 50 and over. While The Hartford receives great ratings from the NAIC and the Better Business Bureau, consumer complaints highlight that their customer service and claims processes are wanting.
Travelers has pretty great premium pricing for senior drivers, in addition to a good range of coverage options and a multitude of discounts. However, Travelers’ customer service department has room for improvement.
Progressive’s pricing, discounts, and coverage options are all well-rated by WalletHub’s editors, but Progressive’s rates are higher than their competitors’ rates for senior drivers. Their customer service is lacking, too, and they are not always as transparent as possible on their website.
For a low-maintenance senior driver who only needs a basic insurance plan at an affordable price, Mercury may be a great choice. Mercury offers great rates to senior customers, but coverage is only available in 11 states (including Arizona, Florida, and New York).
Mercury also offers a standard range of coverage options, but their list of discounts is smaller-than-average. Additionally, their claims process and customer service are not the best.
Although Allstate is a highly rated insurance company overall, they are not the best choice for most senior drivers who are looking for an affordable policy. Allstate’s rates are significantly higher than their competitors’ rates, and they don’t offer as many discounts as most companies their size. They’re also not very forthcoming with information on their website.
Best Auto Insurance for Seniors Comparison
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Auto Insurance Discounts for Seniors
Many insurance companies offer discounts of up to 15% for taking a mature driver course. And in some states, your insurance company is legally required to give you a discount if you complete an approved course.
Senior drivers can also benefit from usage-based insurance programs, which calculate premiums according to driving habits. Retired seniors and those who drive fewer miles than average are especially likely to benefit from these programs.
Tips for Finding the Best Senior Citizen Car Insurance
Compare quotes frequently.
Older drivers often start to see higher insurance premiums once they turn 60 years old, with additional increases at 70 or 80. This means that regardless of your safe driving record, you might have to compare quotes to find more affordable auto insurance rates each time you pass one of these milestones.
Consider a policy designed specifically for seniors.
For example, The Hartford’s AARP Auto Insurance offers special discounts and tailored benefits to AARP members. Senior drivers should consider the perks of such programs in addition to other factors, like cost and customer service record.
Adjust your coverage limits according to your risk.
Statistics show that older drivers are more likely than middle-aged drivers to suffer serious injuries in car accidents. Senior citizens should thus consider increasing their coverage limits for insurance that covers medical bills, such as personal injury protection and uninsured motorist bodily injury coverage.
Video: Best Auto Insurance for Seniors
WalletHub editors ranked 17 car insurance companies to determine the best cheap auto insurance for seniors. The companies were evaluated based on:
- WalletHub editor rating
- User rating on WalletHub
Companies earned a maximum of 5 points for each category. WalletHub editors then ranked companies by total points to determine the best car insurance for seniors. Price was used as a tiebreaker where needed.
The premiums used for this analysis are an average of a series of quotes sourced from Quadrant Information Services, using California ZIP codes and a 65-year-old driver with a good driving record. The following coverage limits were applied:
- $15,000 bodily injury liability per person
- $30,000 bodily injury liability per accident
- $5,000 property damage liability per accident