As Americans age, their lifestyles, goals, and auto insurance needs will change. Older Americans retiring, traveling across the country, or buying a new vehicle are looking for the best deals to fit their circumstances. But how do you know who is making the best deals? And what auto insurance policies are available to Americans as they age?
Below is a list of the best auto insurance companies and policies for seniors. We analyzed exclusive plans, prices, offers and benefits to create a complete list of auto insurers.
Summary of the best car insurance for seniors
- 1.
Best General Auto Insurance for Seniors:AARP
- 2.
Best Auto Insurance for Senior Military and Veterans:United States to
- 3.
Best supplemental insurance for seniors:Bezirksbauernhof
- 4.
The best car insurance and retirement plans for the elderly:reciprocal freedom
- 5.
The Best Auto Insurance Package for Seniors:Allstate
Comparison of the best car insurance policies for seniors
| insurance company | #1. AARP (Hartford) | #2. United States to | #3. Bezirksbauernhof | #4. reciprocal freedom | $ 5. Allstate |
|---|---|---|---|---|---|
| Average Annual Fees for Drivers | 1.520 $ | 1.151 $ | 1.419 $ | 1.637 $ | 1.673 $ |
| Discounts on packages (renter's or home insurance) | mi | mi | mi | mi | mi |
| senior discount | mi | no | no | mi | mi |
| Retirement and investment plans | mi | mi | mi | mi | mi |
| JD Power Customer Satisfaction Index (Southeast) (out of 1,000)1 | 886 | 860 | 855 | 831 | 833 |
| check | AARP Review (The Hartford) | US Review | state farm review | Mutual Review of Liberty | Statewide Review |
Detailed list of the best car insurance for seniors
1. Best General Auto Insurance for Seniors - AARP
What we like the most:
- The best option for seniors.
- RecoverCare adds more coverage
- Hartford Discount Policies
The American Association for Retired Persons (AARP) has served Americans age 50 and older for more than half a century. In addition, since 1984, AARP has provided auto insurance through its partnership with The Hartford. The average annual auto insurance cost of $1,520 is significantly cheaper than the national average of $2,071.
While you don't have to be an AARP member to sign up for auto insurance with The Hartford, the Seniors Only program is exclusive to AARP members. AARP's auto insurance program with The Hartford is our first choice for its wide range of coverage options, discounts, benefits, and customer service designed specifically for seniors.
Who is it better for?
Americans over 50
People who want to group their car insurance
People who can benefit from the benefits of AARP membership
drivers who wantgap insurance
(Video) Car Insurance to Avoid
For those who are not the best
Non-AARP members
Drivers under 50 years of age
Tesla owners (AARP does not currently insure Tesla vehicles)
AARP Membership Benefits
In addition to your auto insurance, you get access to a robust suite of AARP membership benefits. From European rail travel deals and AARP travel guides to hotel deals and a variety of health and wellness benefits, your membership offers much more than just auto insurance deals. For example, your membership includes a safe shopping program that provides recommendations on the latest car safety features. Your membership gives you access to:
- Discounts on rental cars
- AARP Exclusive Cruises
- flights and tour packages
- Hotel and resort packages
- Tooth, Health and Vision Package Options
- Shopping and food deals.
- restaurant discounts
- The AARP Social Security Resource Center for Retirement Assistance
- Access to AARP job boards
- Access to AARP magazine
Long list of car insurance discounts
AARP's auto insurance program with The Hartford may not be the cheapest provider on our list, but it does have one of the longest lists of senior discounts. You can reduce the costs of your car insurance with the following discounts:
- 5 percent discount with anti-lock braking system
- 10 percent discount when installing an anti-theft device
- Up to 20 percent discount when insuring multiple vehicles
- Up to 12% off when you complete the TrueLane safe driving program
- 5% discount when you change your insurance from another provider to The Hartford
- Full payment instead of monthly
- Request an offer online
- Up to a 25 percent discount when you extend your insurance
- hybrid andelectric car(not available for Tesla)
Support and additional services for vehicles
You and your loved ones can rest easy with AARP's strong support system and services. AARP not only has dedicated customer service representatives who are available 24/7, it also has several safety nets for emergencies. For example, members can benefit from lifetime auto repair insurance. If you use one of AARP's more than 1,600 repair shops, AARP will pay for repairs that aren't done right.
Another great support service is RecoverCare's Essential Services Coverage, which provides $2,500 reimbursement for home services if you are injured in an accident. This money can be used for tasks like cleaning, lawn maintenance, snow removal, and home repairs.
BRIBE:
Talk to an agent about Umbrella's AARP policy. With a comprehensive policy, you get additional coverage and bundling options to meet your unique needs.
2. Best Auto Insurance for Seniors and Military Veterans - USAA
855-908-2751
What we like the most:
- Lower rates for military personnel, veterans and their families
- travel insurance available
- Consumption-based insurance available for low-mileage drivers
The United Services Automobile Association, better known as USAA, offers the lowest rates among the top 10 insurers.2You must be a USAA member to apply for coverage, and membership is restricted to military personnel, veterans and their families only.
If you qualify for membership, you can get some of the lowest auto insurance rates in the country, exclusive USAA membership benefits, and financial assistance for investments and retirement.
Who is it better for?
Active military personnel, veterans and their families
Military personnel stationed abroad who own automobiles in the United States.
Individuals who can take advantage of the benefits of USAA membership
safe drivers
For those who are not the best
People who are not part of the military or a military family
driver, whatDUI
Non-USAA members
(Video) Best Car Insurance For Seniors ★
Huge savings on car insurance
USAA has a healthy list of discounts that save the average driver $725 a year. Remember that all discounts also apply to your family members. That said, USAA discounts vary depending on which state you're in. So be sure to talk to an agent to find out what savings are available to you. Here are some examples:
- Good studentDiscount
- Discount for multiple vehicles
- Up to 15% off when you store your car at a military base
- Up to 60% if you keep your car abroad
- Discount if you have been accident-free for more than five years
- Up to 10% discount on group home and car insurance
- 3% discount for setting up automatic payments.
- Up to 30% off for completing the USAA SafePilot driving program
USAA Membership Benefits
Like AARP, USAA offers several attractive member benefits to go along with their auto insurance. These benefits are available to you as soon as you become a member, but the specific offers vary from state to state. Some of the more notable benefits of USAA membership include the following:
- Financial advice to manage debts, plan for retirement, buy a new home, save, invest and much more
- $0 off ADT home security installation
- Banking guide to help you manage yourloan, car insurance, package options and more
- Discounts on hotels, cruises, shopping, vacation packages, travel insurance and more
- 24/7 customer support hotline
- Benefits are extended to veterans, spouses and children of military/former military personnel
Additional Coverage Options
In addition to being one of the cheapest auto insurers in the country, USAA is comprehensive when it comes to coverage. It comes with comprehensive auto insurance options such as liability insurance (confusionand Property Damage), Uninsured/Underinsured Coverage, Collision Coverage, Comprehensive Coverage, and Medical Insurance (PIP), but there are also some add-ons. This includes rideshare insurance, replacement auto insurance if your car is totaled, and accident forgiveness.
3. Best Auto Insurance Supplements for Seniors - State Farm
855-942-2891
What we like the most:
- local agent
- travel insurance available
- Discounts for several cars.
Funny commercials and catchy slogans aside, State Farm is a great auto insurance option for older Americans. At an average of $1,419 per year, State Farm is the second cheapest provider on our list. In addition to being the nation's largest auto insurance provider, they also offer some of the most flexible coverage options, discounts, and add-ons.
Who is it better for?
People who need the SR-22
Drivers who like to manage their insurance through a mobile application
People who want to group several insurance policies
safe drivers
For those who are not the best
People with a history of at-fault accidents
People who want gap insurance
People looking for new policies in Massachusetts and Rhode Island (State Farm no longer sells new policies in those states)
flexible plugins
In addition to basic and comprehensive insurance options (Responsibility, all-risk insurance, collision, etc.), to which many other types of protection can be added. Mix and match plugins to create a policy that meets your specific needs. Some of the State Farm add-ons include emergency service coverage, rideshare insurance, auto rental and travel insurance, and glass coverage.
grouping options
State Farm allows you to customize and maximize your auto insurance needs by bundling other types of coverage under the same plan. This is a good option for those who want to comfortably manage all their insurance policies with the same provider and offer additional discounts. With State Farm, you can combine insurance coverage for your golf cart, trailer, house, apartment, condo, life insurance, health insurance and more.
Perfect mobile app functionality
State Farm has a simple, easy-to-use mobile app that seniors will love. It recently won Best Mobile Insurance App and Mobile Banking App at the Webby Awards and Mobile Web Awards.3
With the app you can manage and file your banking and insurance needsExpectations, request roadside assistance, access your IDs, speak with agents and much more. Whether you've been using mobile apps to manage your insurance for years or are new to an app, the State Farm platform will be intuitive and perfect for everyone.
4. Best Auto Insurance and Retirement Plan for Seniors - Liberty Mutual
855-831-8320
What we like the most:
- Save up to 30% with the driver monitoring program
- cheap average prices
- Over 2,000 local agents in the US
Despite being one of the most expensive providers on the list, Liberty Mutual's average annual price of $1,637 is still cheaper than the national average. Liberty Mutual has a great life insurance plan for older Americans who want to increase their retirement savings and get some extra benefits, like guarantees on their tax credit and flexible life insurance options. Like State Farm and some of the other major providers, Liberty Mutual offers multiple types of coverage, various discounts and additional benefits.
Who is it better for?
people withnew cars
safe drivers
Individuals currently uninsured
Individuals who can benefit from the retirement provision
For those who are not the best
Drivers with a DUI on their record
People looking for cheaper insurance options
People who want the best customer service ratings
BRIBE:
Contact AutoInsurance.com if you recently had a DUI. We can connect you with an insurance company that meets your specific needs.
gap insurance
Liberty Mutual is a good option if that's what you're looking for.rentalor finance a vehicle. If your car is damaged in an accident, Gap insurance will cover the balance on your car loan. That way, you don't have to keep making monthly payments for a vehicle that's no longer in service. Gap insurance offers the same protection if your leased/financed vehicle is stolen.
life insurance and retirement savings
Liberty Mutual has three life insurance options that can give seniors some extra benefits when they retire. The three life insurance options are term life insurance, whole life insurance, and fixed annuity or annuity insurance.
| Type of insurance | Definition |
|---|---|
| Duration | This is an affordable option to meet shorter terms if you're just starting to invest in life insurance. Payments remain the same for a predetermined period, and you are guaranteed a specific death benefit based on the term you choose. |
| Lifetime | This guarantees a tax-free profit, fixed premiums, a minimum return and immediate access to capital. You get the best guarantees and protection of life insurance. |
| Pensions/fixed income | This has a simple structure that requires you to make a one-time premium payment in exchange for a guaranteed retirement income stream. |
lots of savings
One way to reduce your insurance costs with Liberty Mutual is to take advantage of the many discounts. While they vary from state to state, you can access the following Liberty Mutual discounts:
- Discount on paperless policies
- Discount for multiple vehicles
- military/veterans discount
- Clean Driving Record Discount
- Up to 30% off good driving with the RightTrack program, accessible via the mobile app or a plug-in device (plug-in device available atNYonly)
- Up to 12 percent discount when buying insurance online
5. Best Auto Insurance Package for Seniors - Allstate
855-909-2371
What we like the most:
- Low prices for young drivers
- AM Best's A+ rating signifies financial stability
- Excellent client service
Allstate is one of the largest providers in the country and has been serving Americans since 1931. It offers great package options, great customer satisfaction, many discounts, and great auto insurance benefits.
Who is it better for?
Homeowners who want to combine home insurance and auto insurance
low mileage drivers
safe drivers
People who want a ride
For those who are not the best
people on a budget
Drivers with a history of self-inflicted accidents
people thatDUI on your record
facilitated grouping
Whether you have homeowners insurance or renters insurance, Allstate makes it easy to combine them. As a homeowner, you can get up to 25% off your plan, and Allstate offers other condo and renters insurance package options. You can mix and match coverages and access new discounts when you combine your home, renters, auto and motorcycle insurance. All of your bundling options are available to you online, making it easy for you to adjust your policy whenever you want.
financial reliability
Allstate is one of the top 10 providers in the country and one of the most trusted.Car insurancein the market. AM Best, the world's largest credit rating agency, has assigned Allstate an A+ financial strength rating, which is the second highest rating an insurance company can receive.4The score takes into account Allstate's balance sheet strength, operating performance and risk management rating.
Incentives for safe drivers
If you're looking for more incentives and savings on your auto insurance, you can check out Allstate's safe driver discounts. Insurance prices are starting to rise dramatically for Americans age 70 and older, so it's important to take advantage of any discounts you can get to keep your rates low. Safe drivers can applydeductibleRewards, a safe driving rewards program and the Allstate Drivewise program.
FOR YOUR INFORMATION:
The higher the deductible, the lower the premium and vice versa.
| programa allstate | Description |
|---|---|
| safe driving bonus | You get access to cash rewards for every accident-free policy period. |
| deductible premiums | You can get a $100 discount on your collision deductible the day you sign up for insurance, and an additional $100 discount each year if you drive accident-free (up to a total of $500). |
| driving style | Drivewise is a safe driving tool that keeps track of your driving habits through the mobile app. Drivewise tells you how safe you drive each week and offers discounts of up to 40%. |
methodology
Our focus in this guide has been to find the cheapest fares for the many unique needs you may have as a driver. It is important to note that the rates you find may vary from the averages we present to you depending on your location, age, gender, driving habits, or type of vehicle. Based on company information, offers, and data we collect, we believe these rates apply to the majority of drivers in their respective categories (military families, seniors, students, etc.). Our approach to determining these rates included the following sources.
- Owner data:AutoInsurance.com has recorded and collected data on millions of auto insurance transactions. This information and data help us understand which types of plans customers are most successful with and which insurers offer the best policies. Our data-driven approach allows us to make informed comparisons of the nation's top insurers so you don't have to.
- Specialized institutional advice:We consulted directly with Paul Ford, President of Insurance Services at Centerfield, the parent company of AutoInsurance.com. Paul spent three decades in the insurance industry with functions such as Capital One Insurance Services, NetQuote, Bankrate, Datalot and Canadian Access. Paul's extensive institutional knowledge and expert advice help us provide our clients with everything they need to find the perfect policy.
- Seller information:Sometimes the best place to find the information you need is directly from the source. That's why we look directly at insurerscompare prices, evaluate benefits and discounts, and evaluate your insurance processes.
frequent questions
Which provider offers the cheapest auto insurance rates for seniors?
On average, Metromile and Root offer the cheapest auto insurance rates in the country. If you are a senior with low annual mileage and a good driving record, Root and Metromile are the least expensive options for you.
However, if you drive a lot of miles, you shouldn't opt for usage-based or pay-per-mile auto insurance. Instead, look for companies that offer other discounts that apply to you and will help you save money on your auto insurance premium. For example, you can find affordable auto insurance for older drivers by taking a defensive driving course.
At what age do senior car insurance costs increase?
On average, senior insurance rates begin to rise at age 70. Seniors 85 and older pay the highest rates, averaging $2,416 per year.
Which company offers the best rates for seniors with bad credit?
Both GEICO and USAA offer some of the cheapest rates for seniors with bad credit. Prices at GEICO and USAA are just under $2,000 per year for drivers with bad credit, which is cheaper than the national average of $2,300.
Which company offers the best rates for injured seniors?
After a self-inflicted accident, both USAA and State Farm have the lowest insurance premium increases, around $300 per year. On average, you can expect a 10% increase if you are not at fault in an accident, but this increase depends on state and local laws.