Compare Best Car Insurance Companies for Seniors [2023]
Finding car insurance for seniors is easy until their driving ability starts to decline. High-risk drivers of all ages pay $137.75/mo more on average.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
UPDATED: Jun 10, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jun 10, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Senior citizens are entitled to the same insurance rates as younger people
- Those over the age of 65 are allowed to drive as long as they demonstrate the ability to do so
- Unfortunately, slower response times and memory problems prevent many seniors from driving
Most insurance companies offer car insurance to seniors without regard to age discrimination. As long as they can meet the physical and mental qualifications, they are should be offered coverage.
However, if they have moving violations or are starting to show signs of mental or physical problems, their license may be restricted or even revoked.
Start comparing car insurance quotes today by entering your ZIP code above!
Are seniors allowed to drive?
Seniors are often thought of in the same way teens are in the world of car insurance since they are also considered high risk.
When teens apply for their driver’s license they have to take a road test, an eye exam, and a written test.
The same holds true for seniors. However, their reflexes may not be as responsive as they used to be. This can be dangerous for the elderly as well as other drivers, especially if they are on medication.
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How much does car insurance cost for seniors?
One way that car insurance companies eliminate high-risk seniors from their books is to increase their premiums. If you are fortunate enough to be able to pay these high premiums, it may buy you some extra road time.
But should a higher premium suffice for someone who may be financially capable, but has several violations and claims in progress?
High-risk drivers such as seniors pay as much as 50 percent more than a middle-aged driver with no moving violations.
If you are a safe-driving senior, you may save that same 50 percent on your car insurance, according to Allstate, State Farm, and other major carriers.
What car insurance discounts are available to seniors?
Seniors over 50 have a wide selection of insurance companies from which to choose. Through The Hartford, seniors can purchase AARP coverage with built-in discounts.
Unlike teens, seniors usually own a home, which makes them candidates for multiple policies or combined policy discounts.
Seniors can also take advantage of other discounts for good credit, good driving records, and loyalty discounts.
At this stage of your life, you are usually financially stable with a few assets and the need for multiple lines of coverage. In exchange for the option of additional lines of coverage, discounts and incentives are often offered to seniors.
Which states restrict car insurance for seniors at a certain age?
States have the control of regulating driving laws through the local DMV. Several states require seniors over 65 to renew their licenses more frequently and perform vision, written, and/or road tests.
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How do I determine when it is time to take the keys from the senior in my family?
In many instances, it is up to the family to take the keys away when they observe patterns of unsafe practices. Many family members recognize the importance of maintaining independence for their elderly loved ones.
Once driving privileges are taken away, seniors are more dependent on their adult children to shop and travel to doctor’s appointments.
Since seniors are living longer, healthier lives, maybe state regulators have taken this into consideration and made the appropriate amendments.
At the same time, for those whose physical and mental faculties are deteriorating faster, there should be some protection for the other drivers on the road.
In that case, the states that carry the yearly renewal requirement for those 65 and older may be good examples for the rest of the country.
Enter your ZIP code below and start comparing insurance rates for seniors today!
Frequently Asked Questions
What are the best car insurance companies for seniors?
The best car insurance companies for seniors may vary depending on individual needs and preferences. However, some popular insurance providers that are often recommended for seniors include:
- Geico
- State Farm
- Progressive
- Allstate
- USAA (available to military personnel and their families)
- AARP (available to AARP members)
What factors should seniors consider when choosing car insurance?
Seniors should consider several factors when choosing car insurance, including:
- Cost: Compare premiums and deductible amounts to find affordable coverage.
- Coverage options: Ensure the policy includes adequate coverage for personal injury, property damage, and uninsured/underinsured motorists.
- Discounts: Look for companies that offer senior-specific discounts.
- Customer service: Research the company’s reputation for customer satisfaction and claims handling.
- Additional benefits: Consider any additional benefits or features offered by the insurer.
Are there any specific discounts available for senior drivers?
Yes, many car insurance companies offer discounts specifically tailored to senior drivers. Some common discounts include:
- Mature driver discount: Available to drivers over a certain age (typically 50-55).
- Low-mileage discount: If you drive fewer miles, you may qualify for this discount.
- Defensive driving course discount: Completing an approved defensive driving course can often earn you a discount.
- Bundling discount: If you have multiple insurance policies with the same company (e.g., home and auto), you may receive a discount.
How can I find the most affordable car insurance for seniors?
To find the most affordable car insurance for seniors, consider the following tips:
- Compare quotes from multiple insurance companies to find the best rates.
- Take advantage of discounts available to seniors, such as mature driver discounts.
- Opt for higher deductibles, if financially feasible, to lower premiums.
- Consider reducing coverage on older vehicles that have lower market value.
- Maintain a clean driving record to qualify for better rates.
Are there any drawbacks to consider when choosing car insurance for seniors?
While car insurance for seniors can be beneficial, there are some potential drawbacks to consider:
- Premiums may still be relatively high, depending on factors such as driving history and location.
- Some insurance companies may have limited coverage options for older vehicles.
- Certain discounts may not be available in all states or with all insurers.
- Seniors with health issues or impairments may face higher rates or have more difficulty obtaining coverage.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.