Best Car Insurance for Senior Drivers (2024)

Progressive, Nationwide, and State Farm offer some of the best coverage options and savings opportunities for senior drivers.

Julia Taliesin
Written byJulia Taliesin
Julia Taliesin
Julia TaliesinInsurance Content Writer

Julia Taliesin is an insurance content writer at Insurify. She began her career as a journalist, covering local government and business in Somerville, Mass.

Evelyn Pimplaskar
Evelyn PimplaskarEditor-in-Chief, Director of Content
  • 10+ years in insurance and personal finance content

  • 30+ years in media, PR, and content creation

Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.

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Updated November 4, 2024

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Cheapest recent rates

Insurify’s drivers have found rates ranging from $35/mo. to $121/mo. in the last few days

*Quotes generated for Insurify users within the last 10 days. Last updated on November 4, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from November 4, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users within the last 10 days. Last updated on November 4, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from November 4, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

Seniors typically pay the lowest car insurance premiums of any age group. The national average monthly liability-only premium for all age groups is $104, but drivers in their 60s pay $79 on average, according to Insurify data.

Accident risks start to increase after age 70, so you’ll likely see your car insurance premiums rise as you age.[1] But insurance rates can vary widely among insurers no matter your age. And since many retired people live on fixed incomes, comparing car insurance quotes is especially important for senior drivers.

Quick Facts
  • Many insurers offer low-mileage discounts or usage-based policies that could make sense for seniors who don’t drive much.

  • Seniors who complete driver safety programs from AAA or AARP could get a discount on coverage.

  • Drivers in their 60s have the lowest car insurance rates of all age groups.

Best car insurance companies for seniors

Affordability is just one factor to consider when shopping for car insurance. The best insurance company for you depends on your needs and unique driver profile, so it’s always worth comparing quotes to find the right fit.

These three companies have below-average monthly rates for senior drivers, ample discount opportunities, and robust customer support options.

Progressive: Best for savings options

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JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
819
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.4/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$79/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$138/mo

Progressive offers multiple coverage options and savings opportunities. If you have more than a car to insure, you can save by bundling your policies since Progressive sells home, life, pet, and even jewelry insurance.

The insurer offers a homeowner discount — on top of any bundling savings — and discounts for things like paperless billing, automatic payments, and paying your full premium up front. Progressive also has three levels of accident forgiveness coverage.

Pros
  • 24/7 roadside assistance coverage

  • Insures classic cars and golf carts

  • Has a usage-based insurance option

Cons
  • Below-average J.D. Power customer satisfaction rating

  • Below-average J.D. Power claims satisfaction rating

  • No low-mileage or safety features discounts

Read more driver reviews of Progressive
Rebecca - November 3, 2024
Verified

Ok

The rates are too high for a senior citizen.

Laura - November 3, 2024
Verified

Too Expensive

They don't provide any real benefits or discounts, despite their claims. The price increase is phenomenal, doubling every six months.

Debbie - November 3, 2024
Verified

Too expensive for me, but otherwise great

They charge me more than I can afford. However, aside from the cost, their service is good.

Nationwide: Best for low-mileage drivers

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User Reviews
3.3
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.7/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$84/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$185/mo

Nationwide offers traditional auto insurance products, but it also has one of the most widely available pay-per-mile car insurance programs. With a SmartMiles policy, you pay a base monthly rate and a per-mile rate, adding up to your monthly premium. If you drive short distances or infrequently, enrolling in SmartMiles could be a great way to save money on auto coverage each year. Nationwide will track your miles either through an installed device or your connected vehicle.

Pros
  • Safe driving discount of 10% after first renewal

  • Road-trip exception for pay-per-mile policies (only first 250 miles count in one day)

  • Transparent online access to mileage and payments

Cons
  • SmartMiles unavailable in Alaska, Hawaii, Louisiana, North Carolina, New York, and Oklahoma

  • Below-average J.D. Power claims satisfaction rating

  • Not the cheapest option for standard coverage

Read more driver reviews of Nationwide
Sara - November 1, 2024
Verified

Very Good!

The customer service is very good. They explain things well and make it easy to understand.

Claressa - October 31, 2024
Verified

Better discounts for loyal customers

My experience has been good, but as a valued customer for over 15 years, I believe I should receive a better discount.

Lynn - October 29, 2024
Verified

Nationwide is NOT on Your Side

They make you do all the work. I was in a no-fault accident and the other guy's insurance agreed. Nationwide referred me to Caliber Collision where the adjuster and manager tried to talk me into not using all of my $100 a day rental. I ended up paying for tires and they kept my car for over 4 months, although this was during COVID. Caliber had blasted someone else's car with rocks and my car was next to it, resulting in paint chips everywhere. I had pictures, and they had pictures to prove my car had none except on the front fender. Oh, and there were many rock chips on the windshield, which they claimed happened because I drove behind a truck on the freeway. They only repainted the hood and side of my car. I was just done with all those men from both sides ganging up on me. The insurance companies and their choice of repair are in cahoots!

State Farm: Best for 24/7 customer support

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User Reviews
3.2
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$55/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$121/mo

State Farm offers two kinds of around-the-clock customer support: a 24/7 phone line for insurance payments and a 24/7 emergency roadside assistance policy add-on. Drivers seem to appreciate it: The insurer scored above average for overall customer satisfaction in every region of the U.S., according to a 2024 J.D. Power study.

State Farm sells home and life insurance you can bundle with your auto policy for added savings. You can also take advantage of discounts for low mileage, good driving, and more.

Pros
  • High J.D. Power claims satisfaction rating

  • Insures classic and antique cars

  • Offers supplemental Medicare and general health insurance

Cons
  • Gap insurance not available

  • Accident forgiveness only available to long-time customers

  • Not available in all U.S. states

Read more driver reviews of State Farm
James T - November 3, 2024
Verified

Overpaying

Too expensive.

Daniel - November 3, 2024
Verified

High Prices

I believe this company charges too much for their services.

Pasquale - November 3, 2024
Verified

Excellent

Very good.
  • Our editorial team analyzed more than 40 regional and national auto insurance companies to assess which offer the best rates, coverage options, and savings to senior drivers. We prioritized competitive rates, broad availability, 24/7 customer service, low-mileage discounts or programs, homeownership discounts or bundling options, specialty or supplemental coverages, and safe driving discounts in our review.

How to find the best car insurance

Your location, driving record, and lifestyle affect what insurance companies offer the best coverage and price for your unique needs. These are some things to consider as you hunt for the best policy for you.

Look for coverages that fit your lifestyle

Think about what your state, leasing company, or lender requires and what coverage will suit your needs. If you lease or finance your car, your leasing company or lender will require you to have full-coverage car insurance. The required state-minimum amount of liability protection differs by state but could be the right option if you’re not on the road much or drive an older car worth less than you’d pay for your policy.

Add-ons like 24/7 roadside assistance coverage and MedPay — which covers medical or funeral expenses for you and your passengers — could also give you peace of mind.

Consider adjusting your deductible

Assess your budget and cash flow to determine the right deductible. If you have enough savings to cover a high collision or comprehensive deductible when you file a claim, you could save money on your premium.

Some insurers offer discounted rates if you pay your premium up front, which is another way to save on monthly expenses if you have the cash.

Compare quotes from multiple insurers

Shopping around for car insurance and comparing costs before you buy a policy are among the best ways to save money on car insurance. Comparing quotes will help you figure out which insurers have the coverage, discounts, and features you want at a price that works for your budget. 

The Insurance Information Institute recommends getting at least three quotes and asking family and friends for their recommendations.

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Take advantage of discounts

Research or ask about senior-friendly discounts that you might qualify for. For example, a low-mileage discount could save you money if you don’t drive often or very far.

If you have a clean driving record, you may also qualify for accident-free or safe-driver discounts. Senior citizens who complete AAA or AARP’s driver safety programs may be eligible for a senior discount.[2] [3]

Cost of car insurance for senior drivers

Car insurance rates for senior drivers are typically lower than for any other driver age group. But as accident risks and frequency increase with age, seniors usually see their rates start to increase slightly around age 70.

Age
Average Quote: Liability Only
Average Quote: Full Coverage
60$77$155
70$82$165
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Driving experience and risk factor significantly into how companies set car insurance premiums. For example, teens pay an average rate of $188 monthly for liability coverage, while drivers in their 70s pay less than half that, on average.

Drivers aged 20–24 have the highest crash rates of any age group, according to the Insurance Institute of Highway Safety (IIHS).[4] The crash rate drops from there, but the fatal crash rate among older drivers increases slightly for drivers 70 and older, reflecting a higher risk, increased likelihood of filing insurance claims, and more costly premiums.

Learn More: How Much Does Car Insurance Increase After an Accident?

Learn More: How Much Does Car Insurance Increase After an Accident?

Cheapest car insurance for senior drivers by state

The cheapest car insurance company for you can vary widely based on where you live. Everything from your state’s insurance regulations to whether you live in an urban or rural ZIP code can affect your premiums.

Even more factors can influence your best option. For example, USAA may offer the best coverage if you’re a veteran or active-duty military member. These are the insurance companies offering the lowest liability-only quotes in each state, but be sure to shop around and get multiple quotes to find the best coverage for you.

State
Cheapest Company
Cheapest Rate
AlabamaUSAA$37
ArizonaAuto-Owners$47
ArkansasState Farm$30
CaliforniaMile Auto$60
ColoradoState Farm$47
ConnecticutState Farm$57
DelawareUSAA$55
FloridaState Farm$66
GeorgiaAuto-Owners$59
IdahoNational General$54
IllinoisAuto-Owners$29
IndianaAuto-Owners$27
IowaAuto-Owners$21
KansasRoot$63
KentuckyAuto-Owners$59
LouisianaState Farm$70
MaineUSAA$41
MarylandUSAA$101
MassachusettsSafeco$85
MichiganAuto-Owners$63
MinnesotaSafeco$63
MississippiState Farm$36
MissouriUSAA$29
NebraskaAuto-Owners$25
NevadaCOUNTRY Financial$34
New JerseyCSAA$88
New MexicoState Farm$32
New YorkCSAA$121
North CarolinaNationwide$41
OhioMile Auto$36
OklahomaState Farm$33
OregonMile Auto$59
PennsylvaniaState Farm$51
South CarolinaUSAA$51
TennesseeState Farm$22
TexasState Farm$37
UtahUSAA$65
VirginiaAuto-Owners$36
WashingtonDirect Auto$50
Washington, D.C.GEICO$81
West VirginiaState Farm$33
WisconsinUSAA$22
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile. Insufficient data for Alaska, Hawaii, Montana, New Hampshire, North Dakota, Rhode Island, South Dakota, Vermont, and Wyoming.

Car insurance for seniors FAQs

As you shop for car insurance coverage, consider any unique needs you have as a senior driver. To help your search, here are some answers to frequently asked questions about how to find the best car insurance for seniors.

  • Why do auto insurance rates increase for seniors?

    Fatal crash and claims-filing rates increase slightly for drivers 70 and older, according to the IIHS. Those drivers face higher car insurance premiums because insurers base premiums on accident risk, among other factors, and raise premiums to reflect the increased risk.

  • Does the cost of car insurance go down when you retire?

    The cost of auto insurance may go down, but it depends on when you retire. Drivers in their 60s pay the lowest rates of any age group, according to Insurify data. Drivers aged 65–69 have the lowest rates of liability and collision claims and car accidents, according to the IIHS. Rates increase for older adults more than 70 years old.

  • Which company has the cheapest car insurance for seniors?

    COUNTRY Financial has the cheapest car insurance rates for seniors, with an average monthly liability-only insurance rate of $13. Numerous factors affect car insurance rates, so compare quotes to find the best insurance policy for you.

  • Does AARP have cheaper car insurance?

    AARP partners with The Hartford to offer the AARP Auto Insurance Program, which includes exclusive savings for AARP members. The Hartford usually offers lower insurance rates for seniors: Its average liability-only rate is $98 for drivers in their 60s. The national average is $79.

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

  • Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
  • Property damage limits between $10,000 and $50,000
  • No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
  • Comprehensive coverage with a $1,000 deductible
  • Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

  1. Insurance Information Institute (Triple-I). "Background on: Older drivers."
  2. AARP. "Auto Insurance Discounts."
  3. AAA. "AAA RoadWise Driver."
  4. Insurance Institute for Highway Safety. "Older drivers."
Julia Taliesin
Julia TaliesinInsurance Content Writer

Julia Taliesin is an insurance content writer at Insurify. She began her career as a journalist, covering local government and business in Somerville, Mass. She reported multiple investigative stories about municipal finances and budget allocation, building development and inspection, and personnel. When the pandemic began she became a de facto public health reporter, writing daily and weekly reports using available data to quickly communicate rates of infection and city response.

She's worked for print and digital outlets, writing everything from quick-hit breaking news to long-form community features. More recently, Julia managed content strategy at a startup creating a social platform for licensed nurses, overseeing a team of nurse freelancers and editing interview transcripts and news articles for publication.

She holds a Bachelor's degree in communications from Simmons University, with a focus in journalism. Outside of work, Julia enjoys working on crafting projects, learning about homesteading, and singing in cover bands.

Evelyn Pimplaskar
Edited byEvelyn PimplaskarEditor-in-Chief, Director of Content
Evelyn Pimplaskar
Evelyn PimplaskarEditor-in-Chief, Director of Content
  • 10+ years in insurance and personal finance content

  • 30+ years in media, PR, and content creation

Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.

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