Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Benjamin Carr was a licensed insurance agent in Georgia and has experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. Benji is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Mar 25, 2022

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To Sum It Up

  • Some car insurance companies consider policyholders seniors at age 55
  • Progressive, USAA, and State Farm are among the companies typically considered the best options for senior car insurance
  • Many seniors may qualify for car insurance discounts such as multi-policy, paid-in-full, and anti-theft devices

If you are a senior, you may be interested in learning more about senior car insurance. Car insurance for senior citizens is available through all car insurance companies, but if you are 65 or older, you may find that your car insurance rates are significantly higher than they used to be.

Car insurance rates may be high for seniors who had an accident and went through the car accident claim process. Seniors who have had a car accident in the past three years may find that their rates are more than 20% higher than average.

As you shop for senior car insurance, it’s good to research different companies to find the best auto insurance rates for senior citizens. Comparing quotes from multiple companies at once will allow you to see which companies offer the coverage you need at a price you can afford.

What are the best car insurance companies for senior citizens?

To find the best car insurance for older drivers, you need to research. Just because someone says a company is a good option for seniors doesn’t mean that company will offer you the best rates for auto insurance coverage.

However, some companies offer significantly cheaper auto insurance — or significantly better coverage options — for drivers 55 and older. These companies include:

  • State Farm
  • USAA
  • The Hartford
  • GEICO
  • Travelers
  • Allstate
  • Nationwide
  • Esurance
  • AAA
  • Progressive
  • Mercury

Some of these companies offer specific discounts for older drivers, while others say that their monthly rates for seniors are the lowest you will find on the market. Before you commit to any car insurance company, you’ll want to do some digging.

If you are interested in any of the companies listed above, you can reach out to get a direct quote. Ask whether the company offers any senior car insurance discounts to lower your monthly or annual car insurance rates.

Some seniors prefer car insurance companies that cater specifically to seniors, such as Senior Direct Insurance Company. These companies may be an excellent option for you. Still, you may also find that your coverage options as a senior driver are relatively limited compared to coverages offered by other companies.

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Can older drivers get discounts on car insurance?

Although there’s no standard senior discount for car insurance, many companies offer different discounts you may qualify for as a senior driver. Some of the most common senior citizen discounts for car insurance offered by car insurance companies include: 

  • Multi-policy discount
  • Multi-car discount
  • Vehicle safety discount
  • New car discount
  • Anti-theft device discount
  • Good driver discount
  • Defensive driver discount
  • Good student discount
  • Paid-in-full discount
  • Paperless discount
  • Occupational discount
  • Usage-based discount

If your existing company offers any of the above discounts, you can speak to a representative to see if you qualify. Similarly, if you are shopping for coverage with multiple companies, ask each company about discounts to see how much you could save.

One discount that many seniors may benefit from is the usage-based discount. Since car insurance for low mileage seniors can be less expensive, mention to any company you consider if you don’t often drive or drive a few miles a day.

How much is senior car insurance?

The amount you will pay for senior car insurance depends on several factors, including how much you drive, your gender, and where you live. To know how much you will pay for car insurance, you need to get quotes from multiple companies.

The table below shows average annual car insurance rates for 60-year-old men and women with major companies.

Average Annual Senior Car Insurance Rates with Major Companies
Company60-Year Old Female60-Year Old Male
USAA$1,449.85$1,448.98
State Farm$1,873.89$1,873.89
Progressive$1,991.49$2,048.63
American Family$1,992.92$2,014.38
Travelers$2,051.98$2,074.41
Nationwide$2,130.26$2,214.62
Geico$2,247.06$2,283.45
Farmers$2,336.80$2,448.39
Allstate$2,913.37$2,990.64
Liberty Mutual$3,445.00$3,680.53
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As you can see, rates fluctuate significantly from one company to the next. It’s important to note that car insurance rates will increase as you age, though many companies do not consider you an older driver until you reach the age of 65.

Once you’ve hit 65, your rates could increase by 18%, depending on your car insurance company and past driving history. It may be best to change car insurance providers altogether to avoid this increase.

If you want to find affordable senior car insurance rates, you should shop around and research to find the best company for you. 

What’s the bottom line for senior drivers?

Anyone looking for affordable auto insurance for senior citizens will want to do their homework. It is not impossible to find competitive rates for senior car insurance, but you will likely find that most companies automatically charge you more based on your age.

Shop around to compare rates from several companies at once. As you do, be sure to note companies that offer competitive monthly or annual rates. Check with individual companies to see if you qualify for additional savings based on car insurance discounts.