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Best Car Insurance Rates for Seniors
We use extensive research to provide the most accurate insurance quotes for drivers from all walks of life. In the table below, we cover the average monthly and annual full-coverage costs for seniors ages 65 to 75. According to our data, USAA generally offers the cheapest senior car insurance at an average rate of $1,158 per year or $97 per month for full coverage:
| Cheapest Car Insurance for Seniors | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| USAA | $97 | $1,158 |
| Geico | $112 | $1,342 |
| Nationwide | $114 | $1,371 |
| State Farm | $120 | $1,437 |
| Travelers | $134 | $1,609 |
Cheap Car Insurance for Seniors Over 65-Years-Old
We found that USAA tends to offer the cheapest car insurance for 65-year-old drivers at an average cost estimate of $1,057 per yearor $88 per month for full-coverage car insurance.
| Cheapest Senior Car Insurance for 65-Year-Olds | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| USAA | $88 | $1,057 |
| Geico | $102 | $1,227 |
| Nationwide | $105 | $1,263 |
| State Farm | $113 | $1,353 |
| Progressive | $131 | $1,566 |
Cheap Car Insurance for Seniors Over 75-Years-Old
Our research shows that USAA typically offers the cheapest rates for full coverage for 75-year-old drivers at an estimated $1,260 per year or $105 per month:
| Cheapest Car Insurance for 75-Year-Olds | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| USAA | $105 | $1,260 |
| Geico | $121 | $1,457 |
| Nationwide | $123 | $1,479 |
| State Farm | $127 | $1,520 |
| Progressive | $156 | $1,872 |
Cheap Senior Car Insurance for 65-Year-Olds by State
The table below shows the cost of car insurance by state for 65-year-old drivers:
| Senior Car Insurance for 65-Year-Olds | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Alabama | $119 | $1,430 |
| Alaska | $116 | $1,389 |
| Arizona | $140 | $1,680 |
| Arkansas | $121 | $1,453 |
| California | $172 | $2,058 |
| Colorado | $149 | $1,786 |
| Connecticut | $234 | $2,808 |
| Delaware | $166 | $1,996 |
| District of Columbia | $151 | $1,816 |
| Florida | $229 | $2,748 |
| Georgia | $133 | $1,601 |
| Hawaii | $152 | $1,819 |
| Idaho | $83 | $995 |
| Illinois | $109 | $1,308 |
| Indiana | $106 | $1,276 |
| Iowa | $87 | $1,049 |
| Kansas | $109 | $1,304 |
| Kentucky | $142 | $1,703 |
| Louisiana | $244 | $2,925 |
| Maine | $75 | $898 |
| Maryland | $160 | $1,915 |
| Massachusetts | $170 | $2,034 |
| Michigan | $284 | $3,409 |
| Minnesota | $128 | $1,532 |
| Mississippi | $112 | $1,342 |
| Missouri | $130 | $1,556 |
| Montana | $143 | $1,712 |
| Nebraska | $119 | $1,430 |
| Nevada | $180 | $2,160 |
| New Hampshire | $111 | $1,327 |
| New Jersey | $158 | $1,896 |
| New Mexico | $116 | $1,397 |
| New York | $221 | $2,649 |
| North Carolina | $108 | $1,297 |
| North Dakota | $99 | $1,191 |
| Ohio | $81 | $971 |
| Oklahoma | $137 | $1,649 |
| Oregon | $107 | $1,289 |
| Pennsylvania | $139 | $1,673 |
| Rhode Island | $164 | $1,969 |
| South Carolina | $151 | $1,814 |
| South Dakota | $120 | $1,434 |
| Tennessee | $99 | $1,192 |
| Texas | $151 | $1,813 |
| Utah | $125 | $1,503 |
| Vermont | $84 | $1,011 |
| Virginia | $95 | $1,134 |
| Washington | $117 | $1,402 |
| West Virginia | $122 | $1,459 |
| Wisconsin | $94 | $1,123 |
| Wyoming | $141 | $1,696 |
Cheap Senior Car Insurance for 75-Year-Olds by State
The table below shows the cost of car insurance by state for 75-year-old drivers:
| Senior Car Insurance for 75-Year-Olds | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Alabama | $141 | $1,694 |
| Alaska | $134 | $1,610 |
| Arizona | $140 | $1,685 |
| Arkansas | $162 | $1,944 |
| California | $194 | $2,333 |
| Colorado | $171 | $2,054 |
| Connecticut | $296 | $3,552 |
| Delaware | $192 | $2,304 |
| District of Columbia | $179 | $2,150 |
| Florida | $270 | $3,245 |
| Georgia | $161 | $1,933 |
| Hawaii | $152 | $1,819 |
| Idaho | $98 | $1,172 |
| Illinois | $132 | $1,584 |
| Indiana | $125 | $1,500 |
| Iowa | $100 | $1,205 |
| Kansas | $124 | $1,484 |
| Kentucky | $168 | $2,018 |
| Louisiana | $243 | $2,919 |
| Maine | $76 | $916 |
| Maryland | $163 | $1,958 |
| Massachusetts | $193 | $2,318 |
| Michigan | $319 | $3,832 |
| Minnesota | $153 | $1,831 |
| Mississippi | $134 | $1,611 |
| Missouri | $152 | $1,826 |
| Nebraska | $132 | $1,590 |
| Nevada | $216 | $2,595 |
| New Hampshire | $134 | $1,608 |
| New Jersey | $182 | $2,181 |
| New Mexico | $134 | $1,611 |
| New York | $262 | $3,149 |
| North Carolina | $115 | $1,378 |
| North Dakota | $114 | $1,363 |
| Ohio | $100 | $1,200 |
| Oklahoma | $155 | $1,854 |
| Oregon | $132 | $1,587 |
| Pennsylvania | $174 | $2,085 |
| Rhode Island | $176 | $2,114 |
| South Carolina | $177 | $2,129 |
| South Dakota | $129 | $1,545 |
| Tennessee | $118 | $1,420 |
| Texas | $177 | $2,123 |
| Utah | $154 | $1,849 |
| Vermont | $111 | $1,333 |
| Virginia | $115 | $1,379 |
| Washington | $141 | $1,691 |
| West Virginia | $144 | $1,729 |
| Wisconsin | $111 | $1,334 |
| Wyoming | $166 | $1,986 |
Companies With the Best Cheap Car Insurance for Seniors
While finding affordable car insurance for senior citizens is important, your provider should also be helpful and reliable. We determined the following providers have the best auto insurance with cheap rates for older drivers.
The table below provides a breakdown of the top five cheapest car insurance providers that offer a compelling combination of great rates, quality coverage and exceptional customer service for seniors:
| Car Insurance Company | Our Rating | Award |
|---|---|---|
| 1. Geico | 9.1 | Best for Budget-Conscious Drivers |
| 2. USAA | 9.2 | Best for Military Members |
| 3. State Farm | 9.4 | Best Customer Experience |
| 4. Travelers | 9.5 | Best for Most Drivers |
| 5. Nationwide | 9.1 | Best for Usage-Based Insurance |
*The numerical ratings in this table are based on the provider’s performance in our overall study. The provider rankings, however, are based on how well providers serve senior drivers.
*Cost data taken from 2022 information
To determine our ratings and awards for these providers, we considered customer reviews across multiple sites and ratings from the Better Business Bureau (BBB), AM Best and the J.D. Power 2023 U.S. Insurance Shopping Study℠.
#1 Geico
Overview
Availability: All 50 states
AM Best rating: A++
BBB rating: A+
J.D. Power score: 857/1,000
Geico consistently offers some of the cheapest car insurance rates in the country for many kinds of drivers, including seniors. This is why we give it our award of Best for Budget-Conscious Drivers.
Keep reading: Geico insurance review
Cost & Coverage
Geico is also one of several to offer specific car insurance for senior drivers. Geico’s Prime Time program is available to certain drivers over the age of 50. Essentially, this program guarantees your policy can be renewed.
#2 USAA
Overview
Availability: All 50 states
AM Best rating: A++
BBB rating: Not Rated
J.D. Power score: 874/1,000
USAA may be the first place you want to look for cheap car insurance for seniors — but only if you’re eligible. The company’s coverage and its affordable rates are only available to military members and their families.
Keep reading: USAA insurance review
Compare: USAA vs. Geico
Cost & Coverage
If you do qualify, however, you can expect to find some of the best rates for senior drivers with USAA. The company consistently performs at or near the top of insurance studies and has a robust selection of insurance products to choose from.
#3 State Farm
Overview
Availability: 48 states
AM Best rating: A++
BBB rating: C-
J.D. Power score: 877/1,000
State Farm is the country’s largest insurance provider, with a large network of local agents that’s convenient for anyone who prefers to do business in person. State Farm’s accessibility is just one example of its great customer service. That’s evidenced by the fact that the company earned the top ranking for customer satisfaction among large insurers in the J.D. Power study.
Keep reading: State Farm insurance review
Compare: USAA vs. State Farm or State Farm vs. Geico
Cost & Coverage
State Farm offers a large number of car insurance discounts in addition to its already-affordable coverage for senior drivers. Policyholders who enroll in a safe or defensive driving program can get a discount on their monthly or annual premiums. State Farm also offers a discount for staying accident-free for three years.
Overview
Availability: 42 states
AM Best rating: A++
BBB rating: A
J.D. Power score: 848/1,000
Senior drivers looking for cheap car insurance with lots of choices should consider Travelers. The company has one of the largest selections of coverage options among providers in our study.
Keep reading: Travelers insurance review
Cost & Coverage
Senior drivers who don’t own cars but rent them often while traveling may find non-owner insurance cheaper than the rental company’s insurance. In addition, Travelers’ accident forgiveness program could be a useful add-on for drivers worried about their car insurance premiums increasing.
#5 Nationwide
Overview
Availability: 50 states
AM Best rating: A+
BBB rating: A+
J.D. Power score: 861/1,000
Keep reading: Nationwide insurance review
Compare: State Farm vs. Nationwide
Cost & Coverage
Nationwide has relatively cheap insurance rates for seniors. Senior drivers may be able to take advantage of the company’s usage-based SmartMiles program. People who don’t drive as much (such as retirees) could pay up to 40% less for coverage, according to Nationwide.
Average Senior Car Insurance Rates
Auto insurance companies tend to charge senior drivers slightly more than middle-aged drivers. The average car insurance estimate for senior drivers is $1,780 per year, or $148 per month. This is around 3% more expensive than the national average rate for 35-year-old drivers with clean driving records and good credit.
What Factors Affect Senior Car Insurance Rates?
Your age is just one of the many factors insurance companies use to determine your premiums. These are the most significant factors other than age that affect the cost of car insurance:
- Driving history: Any at-fault accidents or violations such as speeding tickets and DUIs can result in higher premiums. People with good driving records get access to the cheapest rates.
- Credit score: In most states, insurance companies are allowed to use your credit history as a factor in your rates. Drivers with lower credit scores tend to see higher premiums.
- Location: Insurance rates vary from state to state, but they also vary within states based on risk factors such as population and climate. For example, drivers in rural areas tend to pay less than those in urban areas.
- Gender: Most states allow insurers to adjust their rates based on the gender listed on your driver’s license.
- Deductible: A higher deductible usually means a lower premium, but you’ll have to pay more out of pocket when you file a claim.
- Vehicle: The make, model, mileage and value of your vehicle also impact your insurance rates.
- Coverage options: The types and amount of coverage you have also influence how much you pay. As your coverage increases, so does your premium.
- Discounts: Most insurance companies offer discounts for a variety of situations and drivers.
Types of Car Insurance for Seniors
Most insurance companies have a large number of coverage options to choose from. To legally drive in most places, you’ll at least need to meet the state minimum coverage requirements.
These vary between states, but they typically include a combination of liability insurance and other standard coverages:
- Bodily injury (BI) liability insurance: This will cover medical expenses and lost wages for other parties in an accident you’re at fault for.
- Property damage (PD) liability insurance: This covers damages to the vehicles and other personal property in an accident you’re at fault for.
- Personal injury protection (PIP): This takes care of you and your passengers’ medical expenses and lost wages regardless of who caused an accident.
- Medical payments coverage (MedPay): This will cover you and your passengers’ medical expenses (but not lost wages) no matter who is at fault for an accident.
- Collision insurance: Damages to your vehicle will be covered regardless of who is at fault for an accident.
- Comprehensive insurance: This covers vehicle damages caused by things other than car accidents, such as theft, vandalism or extreme weather.
- Uninsured motorist/underinsured motorist (UM/UIM) insurance: This covers medical and property damages if an at-fault driver lacks sufficient insurance.
Insurance Coverage Add-ons
Insurers also have policy add-ons that cover other costs related to owning and driving a car, many of which can be useful for older drivers. Here are a few of the most common:
- Rental car insurance: This covers some or all of the cost of a rental car while your car is being repaired or replaced following an accident.
- Roadside assistance: This covers some or all of the cost of emergency services like fuel delivery, tire repair or replacement and towing.
- Accident forgiveness: This keeps your premiums from going up following an accident you’re at fault for.
- Gap insurance: This pays for the difference between the value of your vehicle and what you owe on it in a total loss.
- New car replacement: This gives you money to purchase a new car of the same make and model instead of the depreciated value in a total loss, minus your deductible.
- Loan/lease payoff: This pays off the remaining balance of your loan or lease, minus your deductible, in the event of a total loss.
- Total loss deductible waiver: This covers your deductible in the event of a total loss.
Car Insurance Discounts for Seniors
Auto insurance discounts are a good way for mature drivers to save money on coverage. Insurers offer savings opportunities for a wide range of reasons. However, you aren’t likely to find a senior discount based solely on your age, as your age group is one of the main factors in your premiums.
But there are still plenty of opportunities to save for other reasons. Here are some of the most common discounts in the car insurance industry:
- Bundling: Insurers typically offer discounts for bundling your auto policy with other insurance products like life insurance, homeowners insurance or renters insurance.
- Multi-policy: You can often earn a discount by insuring more than one vehicle under the same policy.
- Good driver: Also referred to as a safe driving discount, it can get you lower your rates if you don’t have violations or accidents for a set period of time.
- Safety feature: Having safety features such as additional air bags and anti-lock brakes on your vehicle can earn you a policy discount.
- Anti-theft: Many companies offer discounts for having car alarms and other anti-theft devices installed on your vehicle.
- Accident-free: You can typically earn a discount by going for a set period of time without getting into a car accident.
- Telematics: Many insurers now offer app-based programs that use your phone’s GPS and other capabilities to monitor your driving habits, rewarding you for safe driving with a discount. However, if your driving is unsafe, rates can go up under some programs.
How To Get Cheap Car Insurance for Senior Citizens
You can’t do anything about your age or what insurers charge senior drivers. But there are some things you can do to try to get the best rates.
Take a Defensive Driving Course
Many insurance companies offer policy discounts for taking a safe driving course. You may see this referred to as a “safe driver discount” or something similar. Taking these courses can help you avoid accidents and violations, which would cause your rates to go up.
Change Your Driver Status
If you’ve recently retired and stopped commuting to work, you may be able to save money on car insurance by changing your status. Many companies offer a discount when you switch from being a commuter to someone who drives their car for pleasure.
Consider Usage-based Insurance
Usage-based car insurance policies that charge by the mile rather than on a flat rate are becoming increasingly popular. For low-mileage drivers, this kind of policy could help you get cheap car insurance. However, if you drive more than you planned on, you could pay more than you would with a flat rate.
Look for Discounts
Car insurance companies typically offer a wide range of discount opportunities. Depending on the provider, you may be able to combine more than one of them. As a result, you could see substantial savings on your policy. Before signing up for your next policy, ask an insurance agent which discounts are available to you.
Consider Speciality Car Insurance for Seniors
Some insurers offer special insurance packages that are designed for senior drivers. These options may better fit your needs and cost less than general car insurance for all ages.
Shop Around
No one company will have the cheapest rates for all senior drivers, so your best bet for finding the cheapest auto insurance for senior citizens is to compare free quotes from providers. These days, getting car insurance quotes online is easy, fast and free.
Car Insurance for Seniors: The Bottom Line
You can find cheap car insurance for seniors with many major providers. We found the cheapest coverage for senior citizens with USAA, Geico, Nationwide, State Farm and Travelers. But you may want to check with local providers as well. It’s always good to get quotes from a variety of providers and compare car insurance rates before making a decision.
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Best Auto Insurance for Seniors: FAQ
Below are frequently asked questions about car insurance for seniors:
Frequently Asked Questions
We rated Geico as the best car insurance for seniors. The company tends to offer some of the cheapest rates for senior drivers and has a strong reputation among customers and industry professionals.
The best auto insurance company for seniors will depend on their specific situation and driving history. However, we found that Geico, USAA, State Farm, Travelers and Nationwide tend to be good options for most senior citizens.
USAA offers the most affordable full-coverage car insurance for seniors at an average of $1,158 per year or $97 per month. For seniors not affiliated with the military, Geico offers full coverage for just $1,342 yearly or $112 monthly.
Seniors pay an average of $1,780 yearly or $148 per month for a full-coverage car insurance policy. Rates may vary by location, driving record and other factors.
The cost of car insurance is likely to increase at age 70. In general, insurance premiums tend to go up as drivers get older and move out of the middle-age category.
The AARP recommends its own insurance program for its members, sold and administered by The Hartford. The company offers special rates for AARP members and additional perks and discount opportunities.
Our Methodology
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies.
We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
Here are the factors our ratings take into account:
- Cost: Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration.
- Coverage: Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
- Reputation and experience: Our research team considered market share, ratings from industry experts and years in business when giving this score.
- Availability: Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.
- Customer experience: This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.
Our credentials:
- 800 hours researched
- 45 companies reviewed
- 8,500+ consumers surveyed
*Data accurate at time of publication.
*Disclaimer: The cost data above comes from Quadrant Information Services and applies to rates for senior drivers in 2022.
If you have questions about this page, please reach out to our editors at editors@marketwatchguides.com.
