Auto Insurance for Seniors
Auto insurance for seniors is about $104 per month or $1,245 annually. Car insurance discounts for seniors over 65 are provided by some car insurance companies. GEICO, Progressive, AAA, and AARP car insurance for seniors are among the best options.
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Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active insurance licenses in seven states and over 20 years of professional experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ach...
Licensed Agent & Financial Advisor
UPDATED: Feb 14, 2024
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- The average cost of auto insurance for seniors is $103.78 per month or $1,245.35 annually.
- Senior citizens 75 and older are more likely to file claims than any other age bracket.
- Discounts can help older drivers save money and get cheap senior car insurance.
Experience behind the wheel is a good thing, but age can take its toll. Vision impairment, slower reflexes, and an increased rate of fatal accidents make older drivers riskier to insure. The average rate of senior auto insurance starts to increase around the age of 75. That means cheap auto insurance rates can be harder to find.
Our comprehensive guide will help ensure senior drivers get their best possible rates, even if they purchase more than the state’s minimum auto insurance requirements. Keep reading to learn more about how to buy auto insurance for seniors.
Affordable auto insurance for seniors is out there if you take the time to shop around. Compare car insurance quotes for seniors by entering your ZIP code into our free tool above.
What should I know about auto insurance rates for seniors?
How does age affect auto insurance rates? In most states, women aged sixty receive the cheapest average rates. But does auto insurance go up when you turn 65? In some cases, yes.
Customarily, auto insurance companies determine your rates based on how risky a driver you are. Companies use fatal crash statistics to help determine which demographics are most at-risk.
Often, teenage drivers are given the highest rates. They lack driving experience and are known to cause accidents.
However, the National Highway Traffic Safety Administration reports that nineteen percent of all traffic fatalities from 2018 were 65 and older.
As you age, your eyesight fades, and your reaction time slows down, inhibiting your ability to avoid dangers while driving.
See details about senior drivers involved in fatal accidents in 2017 in the table below. The data is from the Insurance Information Institute.
| Type of Vehicle Fatality | Percent Aged 65+ |
|---|---|
| Drivers involved in fatal crashes | 14% |
| Driver fatalities | 18% |
| Occupant fatalities | 18% |
| Pedestrian fatalities | 19% |
| Total traffic fatalities | 18% |
Data gathered from collisions, specifically with fatalities, show that elderly drivers are disproportionately vulnerable and at a higher risk for getting involved in collisions.
This is mostly because an older body is more susceptible to blunt force trauma and less resilient when recovering from a severe injury. Therefore, seniors are considered high risk drivers.
The following graph compares monthly rates for 75-year-old drivers versus 31-year-old drivers in different states across the country.
Senior citizen auto insurance quotes can be substantially higher than younger adults. However, the cost differences are less severe in some states, like Illinois and California.
While these statistics may be a little hard to deal with, the unfortunate reality is that even teenage drivers are less risky behind the wheel due to their quick reaction times.
The following graph compares monthly rates for 75-year-old drivers versus teenagers who qualify for discounts throughout the country. (For more information, read our “Car Insurance for Teenagers“).
As you can see, seniors do pay more than teens for auto insurance. Auto insurance for seniors in Florida and New York costs more than double.
Do seniors get a discount on auto insurance? To avoid overpaying for senior auto insurance, you should shop around for insurance. You can even save money by switching companies. Keep reading to see what discounts you may qualify for, and use our FREE tool to get a free quote today.
Read more: Government-Mandated Auto Insurance Discount for Seniors
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What are the best auto insurance companies for seniors?
Older drivers are keeping their licenses longer than ever and are driving more and more each year.
What about a senior discount? Insurance companies have partnered with AARP and AAA to offer auto insurance discounts for seniors and help older drivers maintain their independence and ability to remain mobile.
If you’re wondering what factors affect rates for seniors, companies care about more than just age. Your recent driving history will also impact how your premium is calculated, as will your gender, credit history, and details about the city where you live.
Look at the table below, which compares the average car insurance rates by age and gender for senior citizens by age from Geico and Progressive. We used Maine and Louisiana because they are the states with the lowest and highest insurance rates in the nation, respectively.
| Age and Gender Drivers | Progressive (Maine) | Geico (Maine) | Progressive (Louisiana) | Geico (Louisiana) |
|---|---|---|---|---|
| 50-year-old male | $42.67 | $49.64 | $120.03 | $149.52 |
| 50-year-old female | $46.00 | $49.64 | $132.36 | $179.09 |
| 55-year-old male | $42.67 | $49.64 | $115.53 | $143.34 |
| 55-year-old female | $46.00 | $49.64 | $131.03 | $170.52 |
| 60-year-old male | $42.67 | $49.64 | $117.86 | $146.73 |
| 60-year-old female | $46.00 | $49.64 | $131.70 | $181.01 |
| 65-year-old male | $43.22 | $49.64 | $140.03 | $145.88 |
| 65-year-old female | $46.00 | $49.64 | $144.70 | $168.61 |
| 70-year-old male | $42.67 | $49.64 | $140.03 | $143.68 |
| 70-year-old female | $46.00 | $49.64 | $144.70 | $166.39 |
| 75-year-old male | $42.67 | $46.10 | $177.42 | $221.82 |
| 75-year-old female | $46.00 | $46.10 | $185.04 | $214.30 |
| 80-year-old male | $42.67 | $46.10 | $177.42 | $221.66 |
| 80-year-old female | $46.00 | $46.10 | $185.04 | $214.16 |
So who has the cheapest auto insurance for seniors? When it comes to companies that offer the best auto insurance rates for senior men and women, Progressive and Geico insurance for seniors often comes out on top. In Maine and Louisiana, Progressive does have slightly better rates.
Remember, the state and city you live in will also affect your rates whether you are a mature driver or not.
AARP and AAA auto insurance for seniors over 65 provide similar rates to Progressive and Geico. Is AARP auto insurance a good deal? The best way to know if AAA or AARP auto insurance may be a good deal for you is by comparison shopping.
However, if you are 80 or older, you may have trouble finding car insurance over 80 in the first place. Some larger commercial companies will not insure drivers that age even with a clean driving record.
Read More: When is a car too old to drive?
What are eight tips to buying auto insurance for seniors?
There are a lot of things you can do to secure cheap car insurance for senior drivers. We rolled through some research and arrived at eight destinations where seniors could get closer to affordable auto insurance.
Can you enroll in a state-regulated driving course?
Try taking a safe driver course. Online and in-person courses are available that can help refresh your standard and defensive driving skills, improve your driving habits, and provide you with an auto insurance discount.
Most states have a driving program that will give you a certificate once you complete the course.
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Can you choose a vehicle that’s cheap to insure?
Luxury and sports cars are expensive to insure. If you want to save money, pick a vehicle with many safety features, such as Anti-Lock Brakes, a rearview camera, etc. Cars with a lot of safety features and a good crash rating have cheaper rates.
How can you protect your vehicle?
Did you know you can get cheaper rates for having anti-theft features on your vehicle? Auto insurance companies will give you a deal on auto insurance rates if you have anti-theft features on your car.
Can you drive your vehicle less?
When you drive your vehicle less, you reduce the risk of getting into an accident, and you reduce your chances of filing a claim. Auto insurance companies will give you a discount on insurance premiums when you drive your car less than the average policyholder.
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Can you get a higher deductible?
Think about getting a higher deductible to cut your insurance costs. Deductibles are the amount you have to pay before an auto insurance company pays for property damage to your vehicle. Therefore, a higher deductible limit means lower prices.
Can you just buy auto insurance coverages you need?
First, if you don’t drive very much, consider getting rid of some different types of car insurance products to lower your monthly rates. You might be able to get along just fine with only the state’s absolute minimum insurance coverage requirements.
Can you bundle your auto insurance policy?
Another easy way to secure cheap insurance for senior citizens is by taking advantage of bundling. If you can bundle your home, auto, and even life insurance, you’ll likely see some hefty discounts.
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Have you done a comparison shop for cheaper rates?
The best way to find the cheapest car insurance quotes is to comparison shop. You don’t have to buy the first quote you get and you should hold out for the lowest rates you can find from a reputable company. Shop around with multiple companies and compare rates to get the best deal.
Do seniors get discounts on auto insurance?
There are no federal government-mandated auto insurance discounts for seniors or low-income auto insurance for seniors, but there are still many other car insurance discounts that you might qualify for.
Companies offer everything from paperless discounts to multi-car discounts. Ask your insurance agent about what your company offers to see what can help save you money.
What are the best cars for senior citizens?
If you’re looking for cheap senior citizen auto insurance, be mindful of the type of vehicle you drive. Some models cost more to insure because they’re more expensive to fix or replace.
Take a look at the following graph, which compares monthly auto insurance rates for an economy vehicle versus a luxury car.
Sports cars and luxury SUVs will always cost more to insure. If you’re over the age of 65, driving one of these vehicles gives insurance companies even more reason to hike up your rates.
Installing safety features on your vehicle will also help you qualify for discounts, even if you drive a basic sedan. It can also save your life.
The Insurance Information Institute reports that modern seatbelts and side air bags with head and torso protection lead to fewer fatalities of older drivers involved in accidents.
Front crash protection features, blind-spot detection, and other modern vehicle technology help decrease the rate of collisions.
Subaru’s simplified controls and added safety features make them ideal for older drivers. Higher seat entry levels make the cars easier to enter and exit. Choosing a vehicle that fits your safety needs will decrease your chances of getting into an accident.
Enter your ZIP code in the free quote tool below to compare rates on auto insurance quotes for seniors now.
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What are frequently asked questions about auto insurance for seniors?
You’re now an expert on securing cheap senior auto insurance. Refer back to this guide as much as needed while comparison shopping. In the meantime, check out our frequently asked questions below.
#1 – Is over 75 car insurance expensive?
Car insurance for seniors over 70 may come with a price hike, but it depends on your insurance provider. Usually, age 75 is when rates start to rise steadily, with over 80 car insurance being significantly more expensive than insurance for those in the 70s age bracket.
#2 – What is the best auto insurance for senior citizens?
The best auto insurance for you depends on your individual needs and demographics. If you don’t often drive, we recommend a fundamental policy through a company like Geico or Progressive. Both companies offer many discounts you may qualify for.
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#3 – Is it better for seniors to shop online or with an independent broker?
An independent broker might be a good option for seniors. They’ll look for rates with your best interest in mind. However, online shopping is faster and gives you more control.
#4 – How can seniors easily compare rates?
You can easily compare auto insurance rates by entering your ZIP code into our free tool that appears on this page.
#5 – What red flags should senior drivers look for?
Senior citizens should be careful not to purchase coverage that is too high, especially if you do not use their car often. Make sure whoever you give your personal information to is trustworthy and reliable.