The Best and Cheapest Auto Insurance Companies for Seniors

The Best and Cheapest Auto Insurance Companies for Seniors

State Farm offers the best overall car insurance for most seniors, and the company with the cheapest rates for seniors is Geico.

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If you're a senior driver, finding the best insurance means finding great customer service at the right price.

While the cost of car insurance usually increases for senior drivers, you can find ways to save by comparing quotes or qualifying for defensive driver or mature driver discounts.

Cheapest car insurance for seniors

Geico has the cheapest insurance for most seniors. A minimum-coverage policy from Geico costs $763 per year, while full-coverage insurance from Geico costs $1,463 per year, on average.

Graph comparing car insurance costs for seniors by company

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Monthly car insurance quotes for seniors

Minimum coverage

Full coverage

Company
Monthly rate
Geico logo
Geico$64
State Farm logo
State Farm$90
Travelers logo
Travelers$160
Allstate logo
Allstate$320
USAA logo
USAA*$178

*USAA insurance is only available for active-duty military members, veterans and their families.

Minimum coverage

Company
Monthly rate
Geico logo
Geico$64
State Farm logo
State Farm$90
Travelers logo
Travelers$160
Allstate logo
Allstate$320
USAA logo
USAA*$178

*USAA insurance is only available for active-duty military members, veterans and their families.

Full coverage

Company
Monthly rate
Geico logo
Geico$122
State Farm logo
State Farm$152
Travelers logo
Travelers$263
Allstate logo
Allstate$423
USAA logo
USAA*$264

*USAA insurance is only available for active-duty military members, veterans and their families.

Senior drivers should also consider comparing rates from State Farm. Minimum-coverage insurance from State Farm costs an average of $26 more per month than Geico, and full-coverage insurance costs $30 more per month.


Rates vary based on your driving history, where you live, the car you drive and the coverage options you choose, so it's important to shop for quotes from multiple insurance companies.

What is the best car insurance company for seniors?

The best car insurance company for senior citizens varies based on several factors, including location, driving history and current financial profile. No one insurer is best for everyone.

Best overall auto insurance for seniors: State Farm

  • Editor rating

  • Annual rate

    $1,075 ?
  • J.D. Power

    881 ?
  • AM Best

    A++ ?

Why it's great

State Farm's cheap rates, national availability and dependable customer service make it the best pick for most seniors.

State Farm isn't the cheapest insurance provider for seniors, but with the range of discounts the company offers for safe driving, safe vehicles and loyal customers, most budget-conscious seniors are likely to find State Farm more affordable than other providers.

State Farm offers excellent customer service along with a wide range of products, making it a great choice for seniors looking to bundle policies. It offers a multiproduct discount for those who also purchase a home, condo, renters, farm, life or health insurance policy.


Cheapest car insurance for seniors: Geico

  • Editor rating

  • Annual rate

    $763 ?
  • J.D. Power

    871 ?
  • AM Best

    A++ ?

Why it's great

Geico has the lowest rates for most senior drivers.

Geico has the most affordable car insurance rates for seniors. The company also offers a guaranteed auto insurance renewal program called the Prime Time contract. The program is available to drivers over the age of 50 who meet certain criteria and guarantees that your policy won't be canceled, even if you receive multiple traffic violations.

Seniors can expect to receive average customer service from Geico — the company earned average scores on both the J.D. Power claims satisfaction study and the National Association of Insurance Commissioners (NAIC) complaint index. Geico does not underwrite its homeowners insurance policies and offers fewer additional products than its competitors, which means that seniors looking to bundle policies may want to consider other insurers.


Best insurer for low-mileage drivers: Nationwide

  • Editor rating

  • J.D. Power

    876 ?
  • AM Best

    A+ ?

Why it's great

Nationwide's pay-per-mile plan is the best for seniors who may find themselves driving less after retirement.

Nationwide's SmartMiles program is best for seniors who find themselves away from the wheel more often than not. Premiums are calculated on a per-mile basis, which makes it a cheap option for seniors who may be driving far less frequently after retirement.


Best insurance for add-on perks: AARP auto insurance

  • Editor rating

  • J.D. Power

    869 ?
  • AM Best

    A+ ?

Why it's great

If you're in an accident, AARP car insurance has programs to help you find a repair shop and assist with day-to-day needs like transportation and cleaning.

AARP auto insurance from The Hartford includes extras that can be especially useful for seniors. For example, if you're hurt in an accident, RecoverCare assists with transportation, dog walking, cleaning and lawn mowing. The company will also help you find a repair shop after an accident, and if you use one of its 1,600+ approved shops, the repairs are guaranteed for as long as you have the vehicle.

However, the cost of AARP auto insurance can increase rapidly in your 70s and 80s, so compare car insurance quotes to be sure you're not overpaying.

How much is auto insurance for seniors?

The average cost of car insurance for a 65-year-old is $1,646 per year for a minimum-coverage policy and $2,057 per year for a full-coverage policy. However, rates are likely to increase as the policyholder ages. This is because insurers view older drivers as riskier to cover.

For example, 75-year-old drivers pay 13% more than 65-year-old drivers for full coverage car insurance, while those 85 years old pay 44% more, on average.

Monthly car insurance rates for seniors by age

Age
Minimum coverage
Full coverage
65$137$171
75$153$194
85$198$249

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Cheapest car insurance for seniors with prior incidents

Drivers who have received a ticket for a traffic violation or who have been at fault in an accident usually pay higher rates for car insurance than other drivers. Seniors who are pulled over for speeding are likely to see increases of 9% to their car insurance rates. Accidents tend to raise the cost of coverage by much more — seniors could pay 44% more for coverage after an accident.

Car insurance rates for seniors with a speeding ticket or accident

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Monthly full coverage quotes after an incident

Speeding ticket

Accident

Company
Monthly rate
Geico logo
Geico$122
State Farm logo
State Farm$166
USAA logo
USAA$264
Travelers logo
Travelers$356
Allstate logo
Allstate$423

Speeding ticket

Company
Monthly rate
Geico logo
Geico$122
State Farm logo
State Farm$166
USAA logo
USAA$264
Travelers logo
Travelers$356
Allstate logo
Allstate$423

Accident

Company
Monthly rate
State Farm logo
State Farm$188
Geico logo
Geico$180
USAA logo
USAA$341
Travelers logo
Travelers$373
Allstate logo
Allstate$676

How to get cheap senior car insurance quotes

Though auto insurance rates typically go up for drivers older than 65, you may also gain new coverage and discount options. Senior citizens shopping for auto insurance should consider a variety of factors, including prices, discounts and whether an insurer can offer a renewal guarantee. There are many ways to keep your car insurance costs low.

policy icon

Lower your annual mileage driven

After 65, many drivers start to think about retirement. Most insurers offer a discount when you change your driving status from "commuter" to strictly driving for pleasure. This means the miles you drive every year will be greatly reduced, which can save you significant money. When you get a quote online, you can select "leisure" and evaluate how many miles you'll be driving in retirement.

car icon

Take a defensive driving course

Drivers 50 and older can receive a government-mandated auto insurance discount for seniors by taking a defensive driving course in participating states. The eligible age, as well as the discount amount, varies by state. Some of these classes can be taken online from the comfort of your home, while others are offered in person.

You can also get senior discounts on auto insurance by taking courses through companies like AAA and AARP. Most courses cost around $20. Remember, the discount amount will depend on where you live and your insurance provider.

computer icon

Shop for senior coverage and discounts

At certain auto insurance companies, seniors can get discounts as they get older. The Hartford, in partnership with AARP, offers car insurance for seniors, as well as special features for policyholders over the age of 50. If you plan on moving in retirement, it's important to remember that car insurance premiums vary depending on state and neighborhood. Compare quotes from multiple insurers to find your best rates.


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Frequently asked questions

Who has the cheapest car insurance for seniors?

Geico has the lowest auto insurance rates for seniors. A minimum-coverage policy from Geico costs an average of $763 per year, while full coverage from Geico averages $1,463 per year.

What is the best car insurance company for senior citizens?

State Farm offers the best car insurance for senior citizens. It combines affordable coverage with high-quality customer service, and our editors awarded it 4.5 out of 5 stars.

Does State Farm offer a senior discount?

State Farm does not offer a senior discount. However, it has many discounts available for senior drivers to take advantage of, including a defensive driving discount, safe driving discounts, vehicle safety discounts and bundling discounts.

Does auto insurance go down when you retire?

Auto insurance rates do not automatically go down when you retire. However, retirees who no longer commute can save money on their car insurance by taking advantage of low-mileage discounts or switching to a pay-per-mile insurance plan.

Does car insurance go up after age 80?

Car insurance rates begin to increase starting at age 55. Rates increase by 13% between ages 65 and 75, and 85-year-old drivers pay 28% more than 75-year-old drivers.

Who has the best auto insurance for seniors?

If you want top-tier customer service that's still affordable, we suggest State Farm. But if you prioritize the lowest rates, we recommend Geico.

Who has the cheapest auto insurance for seniors?

Geico has the cheapest car insurance for seniors of all ages, whether you just turned 65 or are in your 80s.

Methodology

This analysis used insurance quotes for hundreds of ZIP codes across Florida. We compared rates for three drivers, ages 65, 75 and 85. We also checked how having a clean driving record, one speeding violation and one at-fault accident would affect a person's premiums.

Minimum-coverage rates are based on the required limits in Florida. The full-coverage policy used for this survey included liability, comprehensive and collision insurance. Rates for drivers with prior incidents were calculated based on a full-coverage policy. Limits and deductibles are listed below.

Full coverage car insurance limits

  • Bodily injury liability: $50,000 per person/$100,000 per accident
  • Property damage liability: $25,000 per accident
  • Uninsured/underinsured motorist bodily injury: $50,000 per person/$100,000 per accident
  • Personal injury protection: $10,000
  • Comprehensive and collision: $500 deductible

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.