What are the Best Car Insurance Companies for Seniors?

As drivers get older and more experienced, they tend to pay lower rates for car insurance. Drivers in their 50s and 60s pay some of the cheapest car insurance premiums because they have the lowest risk of making a claim. Certain car insurance companies, however, are known for offering particularly good value to seniors. Some car insurance companies give seniors a significant discount on car insurance premiums. Other companies just offer better service to seniors.

With that in mind, we’re highlighting the ten best car insurance companies in the United States for senior drivers.
best auto insurance companies for seniors

The Hartford

The Hartford is one of the most popular insurance companies in the United States for senior drivers. One of the reasons The Hartford is so popular is because of its AARP program. With The Hartford’s AARP plan, you can get discounted car insurance premiums along with certain bonus features. The Hartford’s AARP car insurance for senior drivers, for example, allows drivers to enjoy a vanishing deductible, where your deductible decreases every year you remain accident-free. Another enormous perk with The Hartford is that the car insurance company doesn’t drop drivers: The Hartford guarantees coverage unless you fail to pay your premiums or lose your driver’s license. A 24/7 claims hotline, strong customer service, and additional insurance policies for boats, golf carts, and classic cars also make The Hartford an attractive option for seniors.

GEICO

GEICO is one of the largest car insurance companies in the United States, so it makes sense they would offer competitive car insurance policies for senior drivers. GEICO has a specialized car insurance policy for senior drivers. If you’re 50 or older, then GEICO guarantees policy renewal, which means your insurance policy will be renewed in perpetuity, assuming you continue paying your premiums and have a legal driver’s license. GEICO even has a catchy name for its senior auto insurance policies: Prime Time. You qualify for GEICO Prime Time auto insurance if you’re over 50 and have no drivers under age 25 on your policy. You must also have no violations or accidents on your driving record over the past three years, and your vehicle cannot be used for business. If you meet these requirements, then you may be able to save a significant amount by getting your senior’s car insurance through GEICO. Other GEICO discounts available to seniors include defensive driving courses, multi-car discounts, discounts for retired government or military employees, and clean driving record discounts. Plus, GEICO has accident forgiveness, which means a single accident after years of clean driving won’t cause insurance rates to skyrocket.

Amica Insurance

Amica Insurance isn’t the largest insurance company in the United States, but it has carved a niche for itself by offering strong customer service and competitive insurance policies. Amica Insurance seems to particularly favor senior drivers. Many senior drivers appreciate the good customer service they get with Amica Insurance. Plus, senior drivers looking to save money can take a defensive driving course to get Amica Insurance discounts. Many senior drivers will also qualify for other discounts, including home ownership discounts. Additional perks on many Amica insurance policies include zero deductible policies, free lock replacement, and more. If you pay your premium in full annually or semi-annually, you can also get a significant discount.

Allstate Insurance

Allstate Insurance is another large insurance company that offers great deals for senior drivers. You should qualify for a senior’s discount with Allstate Insurance as long as you’re over 55 and have a safe driving record. Senior drivers with Allstate can save even more money using tools like the Drivewise app, which tracks your driving habits to calculate customized insurance premiums. Discounts are also available for new cars, safety features, security features, and more, all of which can substantially reduce the cost of senior’s car insurance with Allstate.

USAA

USAA is one of the best insurance companies in the United States across virtually all demographics. The only “catch” is that you must be a veteran or the family of a veteran. If you are a veteran and a senior, then USAA provides some of the best-value senior’s car insurance in the country. Senior drivers can enjoy low premiums, strong coverage, and excellent customer service. USAA also offers a unique senior’s discount bonus: if you have been insured by USAA for 40 years, then you’re eligible for a special “Senior Bonus” payment that goes towards your insurance premiums. If you are a veteran, or if your parents or grandparents were veterans, then USAA may provide the best senior’s car insurance for your needs.

Farmers Insurance Group

Farmers Insurance Group offers car insurance for seniors across the United States. Senior drivers will find many of the same discounts listed at car insurance companies above, including defensive driving discounts available to drivers over 55 years of age who take a defensive driving course. If you already have home insurance or life insurance with Farmers, or if you want to sign up, then you can also get a steep discount. Discounts are also available for drivers paying their premiums in full. Farmers even offers a discount when switching from another insurance provider.

State Farm

State Farm is another great option for senior drivers across the United States. Along with offering competitive premiums and discounts, State Farm offers a unique senior’s discount called the Drive Safe and Save program. The program, which is available to most State Farm policyholders regardless of age, lets you save up to 50% on car insurance after taking a defensive driving course. State Farm analyzes your driving habits to determine your risk factor. If you drive safe, or if you drive fewer-than-average miles per week, then you may qualify for a discount of up to 50%.

Progressive

Progressive is known for having some of the cheapest car insurance premiums for senior drivers. Some studies have shown Progressive has the second cheapest car insurance for seniors in the United States, for example, behind only GEICO. Progressive offers many of the same discounts as the other companies listed above, including bundling discounts and safe driving discounts. However, senior drivers may be able to particularly benefit from the Progressive SnapShot program, which tracks your driving habits to give you a significant discount. If you drive safely and no longer commute to work – like many seniors – then SnapShot can substantially reduce car insurance premiums.

Liberty Mutual

Liberty Mutual is available nationwide, offering competitive rates on car insurance premiums to drivers of all ages. If you already have other insurance policies with Liberty Mutual, then you may be able to access exclusive discounts on car insurance. Liberty Mutual offers a full spectrum of car insurance options ranging from basic liability plans to comprehensive full coverage plans. As one of America’s largest insurance companies, pricing tends to be competitive with other providers.

Chubb

If you drive a luxury vehicle or a classic car, then Chubb may be the best option for you. You worked hard your whole life – you deserve to relax in your retirement. With Chubb’s classic car and luxury car insurance, senior drivers can pay competitive rates while getting full coverage on their vehicles. One of the advantages for senior drivers who pick Chubb is that the insurance company can agree to cover the “real” value of the vehicle – not the actual cash replacement value of the vehicle, which is often much too low on a classic car.

Conclusion: Compare Quotes Today to Find the Best Car Insurance for Seniors

Whether you’re in your late 50s, 60s, 70s, 80s, or older, you can get competitive prices on car insurance premiums by shopping around today. Drivers across America have a range of choices when it comes to car insurance providers. Some companies, including the companies mentioned above, are particularly known for offering good car insurance for seniors. Compare car insurance quotes online today to ensure you’re getting the best car insurance as a senior driver.

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