These include GEICO, Progressive, Allstate and. State Farm offers a defensive driving discount for seniors, although the discount is available to drivers of any age. Like most insurance companies, State Farm doesn't offer a senior discount that automatically reduces rates for all older drivers. Failing to do so could result in significant out-of-pocket costs or, worse, losing their insurance if the elderly person has an accident while driving their car.
As a result, car insurance for people age 60 and older will be less expensive than for people age 70 and older. The car insurance plan that's right for you is determined by a variety of factors, such as the type of car, salary, savings, and more. USAA is a great car insurance option for seniors, as the company offers a wide range of discounts and coverage options. Bankrate's insurance editorial team earned average premiums from Quadrant Information Services for dozens of auto insurance companies.
WalletHub publishers ranked 17 auto insurance companies to determine the best cheap car insurance for seniors. Car insurance companies often use your car insurance score to determine your premiums, along with other factors, such as your driving history, age, car make and model, and zip code. An insurer may not require an older person to be added to their policy if the older person still has a car and insurance. Auto insurance companies tend to charge more to insure older people, so it's important for older drivers to look for insurance providers that offer ample opportunities to save on auto insurance premiums.
These companies have the best car insurance for seniors because of their low premiums, excellent customer service, and high ratings from WalletHub publishers. Geico also offers discounts for seniors and has strong customer service, making it a good choice for seniors looking for the best car insurance overall. However, the cost of auto insurance for seniors generally varies based on several individual qualifying factors, such as the registration of your motor vehicle, the make and model of your car, and the types of coverage and deductibles you choose. While older people face higher insurance rates as they age, there are ways to reduce the costs of their car insurance.
However, keep in mind that car insurance rates are based on more than a dozen individual qualifying factors. If your rates have started to increase when you turn 70, you may be looking for ways to save on your car insurance. Because the cost and risks associated with car insurance can increase for older people as they age, insurance companies such as Geico and The Hartford offer specialized insurance plans for older drivers.