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The Best Cheap Car Insurance for Seniors (2022) - Insurify

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Jennifer Pendell

By: Jennifer Pendell

Edited by Jackie Cohen | Reviewed by licensed insurance agent, Amber Benka

Last Updated June 15, 2022

Why you can trust Insurify

Insurify partners with top insurance companies and is a licensed agent in all 50 states. However, the insurance experts writing our content operate independently of our partners. Check out reviews from over 3,000 satisfied customers, how we make money, our data methodology, and our editorial standards.

You’ve enjoyed the lowest auto insurance rates of your life throughout your 50s, but you may notice that as you reach your golden years, your insurance premiums are creeping back up again. Fortunately, there are auto insurance policies and senior discounts designed especially for older drivers.

Use our guide to finding affordable car insurance to understand how your auto insurance rates are calculated and how you can lower the cost of car insurance, even for young adults. Check out Insurify and start comparing car insurance today. This simple tool helps you find the cheap car insurance you need from all the best car insurance companies.

Quick Facts

  • Senior female drivers pay an average of $150 per month for car insurance, while senior male drivers pay an average of $163 per month.
  • Massachusetts, Ohio, and Maine have the cheapest average car insurance rates for seniors.
  • Insurance quote-comparison sites, like Insurify, are the best way to find the cheapest rates personalized to your unique driving profile.

Best Car Insurance Companies for Seniors

There are many options for car insurance out there, including big names you might have heard of, such as Nationwide, GEICO, Allstate, State Farm, The Hartford, and USAA. However, the big names that you’ve seen advertisements for aren’t always the companies with the best driver discounts. Here are the lowest car insurance quotes for mature drivers that we found.

Insurance CompanyCheapest Monthly Quote
Travelers$44
National General$45
Safeco$80
Farners$89
Freedom National$92
Dairyland$95
Bristol West$113
Kemper$117
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

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Average Car Insurance Rates by Age and Gender

Most car insurance companies consider age and gender when determining the cost of annual premiums. As you probably know, age tends to correspond to driving experience, while gender can be a predictor of risk. Insurance companies typically give female drivers lower rates because they are believed to take fewer risks than men, though this is outlawed in some states.

For example, we found that senior female drivers pay an average of $150 a month, with one company quoting us a rate as low as $82. Our hypothetical senior male driver would pay an average of $163, with the lowest rate at $84. When analyzing car insurance rates by age, drivers over 70 years old pay way more on average, regardless of gender.

How much does car insurance cost for seniors?

How much does car insurance cost for seniors?

The cost of car insurance varies for seniors, but many insurance companies offer senior discounts and special auto insurance policies for older drivers.

The good news is that the average monthly cost of car insurance for seniors is typically much, much lower than it would be for, say, a 21-year-old, especially if you have remained accident-free for much of your driving history. The better driving habits you have, the more insurance companies will see you as a safe driver resulting in lower rates.

The easiest way to find the best and cheapest car insurance as a senior is to shop around between lots of insurance companies and look for car insurance discounts that can lower the cost of your policy. When you compare policies side-by-side, you can see your coverage options and price comparison from the nation’s most well-known insurance providers.

Travelers

Travelers is a big name in car insurance. It’s one of the biggest insurers nationwide and offers a wide spectrum of coverage, from a basic policy to full-coverage car insurance. Our lowest-cost quote was from Travelers, at just $44 per month for policyholders in Massachusetts.

A few of the discounts that Travelers offers to senior drivers include:

  • EFT, pay in full, good payer disconts
  • Multi-policy discount
  • Continuous insurance discount
  • Good student discount
  • Safe driver discount
  • IntelliDrive® program

National General

National General offers insurance for high-risk drivers who have had a hard time finding eligibility for insurance elsewhere. It offers extremely affordable coverage, quoting us just $45 per month for a driver in Ohio, and the company offers SR-22 forms if you need one. It also has a claims satisfaction guarantee, which will wave up to $250 of your deductible.

A few of the discounts that National General offers to senior drivers include:

  • Paying-in-full discount
  • Multi-car discount
  • Defensive driving course discount
  • Bundling discount
  • Low-mileage discount
  • Electronic billing discount
  • Anti-theft device discount
  • Auto-pay discount

Direct Auto

Direct Auto’s mission is to offer affordable insurance to everyone, no matter your age. It also had some of the best rates we could find, at just $51 per month for a driver in North Carolina. The company provides the same premium convenience and services you expect from major insurance providers and even offers term life insurance if you need it.

A few of the discounts that Direct Auto offers to senior drivers include:

  • Good driver discount
  • Multi-car discount
  • Bundling discount
  • Prior coverage discount

Midvale Home & Auto

Midvale Home & Auto is an online insurance company from a subsidiary of American Family, a Wisconsin-based insurer with more than 90 years of experience and an excellent A.M. Best financial strength rating. The company offers simple and straightforward auto coverage with 24/7 assistance for claims and flexible billing options that you can customize.

A few of the discounts that Midvale Home & Auto offers to senior drivers include:

  • Multi-product discount
  • Multi-car discount
  • Electronic billing discount
  • Auto-pap discount
  • Pay-in-full discount

Progressive

Progressive is one of the largest insurers in the nation. A recent J.D. Power study gave Progressive high marks for customer satisfaction. Like many insurers, Progressive also offers a wide variety of policy discounts that will fit the needs of most driver profiles, especially for that of senior-aged drivers.

A few of the discounts that Progressive offers to senior drivers include:

  • Multi-policy discount
  • Multi-car discount
  • Good driver discount
  • Online billing discount
  • Pay-in-full discount
  • Auto-pay discount

Best Auto Insurance Discounts for Seniors

Discounts are an easy way to lower the cost of your car insurance, and many insurers offer them. Senior drivers likely qualify for several discounts, including:

Discounts for SeniorsHow to Get ItCompanies That Offer It
Multi-Policy DiscountBundling multiple policies from the same companyTravelers, National General, Direct Auto, Midvale Home & Auto, Progressive, Allstate, GEICO, others
Multi-Car DiscountInsuring multiple cars with the same companyNearly all insurance companies offer this
Homeowners DiscountOwning a homeTravelers, Direct Auto, Progressive, Farmers, State Farm, GEICO, Allstate, Nationwide

Tips for Cheaper Car Insurance

Discounts aren’t the only way to lower your car insurance premium. There are other things you can do to save money, including these cost-cutting strategies.

Shop Around for Car Insurance

Comparing quotes from different car insurance companies is one of the best things you can do to save money. You never know when you could find the same policy for less money somewhere else. Online tools like Insurify can make this process easy and painless.

Drive an Older, Safer Car

Newer cars are more expensive to insure because they’re more expensive to replace. Drive an older car to keep costs low. Make sure it has standard safety equipment, like airbags, to qualify for additional cost reductions.

Select a High-Deductible Plan

A high deductible means lower premiums. Insurance companies charge more if they believe they’ll have to pay out more after an accident; by choosing a higher deductible, you’re essentially shifting some of that risk to yourself.

Keep a Clean Driving Record

Staying out of accidents keeps your premiums low because insurers know you’re not a risk. Keep clear of moving violations and at-fault accidents. Drivers with a clean driving record benefit from the lowest car insurance rates.

Maintain a Good Credit Score

You’ve worked hard to maintain your credit score, and car insurance is another place where having a high credit score can help you. People with good credit are statistically less likely to get in at-fault accidents.

Take Advantage of Discounts

Cash in on all the car insurance discounts you might be eligible for. Some might include:

See More: Best and Worst Sites to Compare Car Insurance

Cheapest States for Car Insurance for Seniors

Senior drivers who live in the following states will enjoy the low car insurance rates that come with their location:

StateInsurance CompanyCheapest Monthly Premium
MassachusettsTravelers$44
OhioNational General$45
MaineTravelers$51
North CarolinaDirect Auto$51
IndianaNational General$52
WisconsinNational General$52
TennesseeNational General$53
MississippiNational General$54
IllinoisNational General$55
IdahoTravelers$61
OregonNational General$62
IowaMidvale$69
New HampshireMidvale$74
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

The Best Way to Compare and Get Cheaper Car Insurance

It is possible to find affordable car insurance as a senior citizen. It starts with getting quotes from several insurers to make sure you’re getting the best rate possible. The best thing you can do for your car insurance premiums – and your wallet – is to compare quotes from several insurers to make sure you’re getting the best rates possible.

Shopping for car insurance doesn’t have to be a stressful experience. With just a little research, you can find the right policy. Check out Insurify today to compare insurance companies and find the best car insurance for you.

Frequently Asked Questions

  • The rate you’ll pay depends on your age, location, and other factors. Premiums can vary quite a bit. For example, the cheapest monthly rate we found was $44, while the highest was $193. That’s why it pays to shop around.

  • Rates vary so much that the best thing to do is to get several auto insurance quotes and compare them with each other. Insurify makes this easy and painless. Just answer a few questions about yourself, your car, and your driving history, and see what rates and perks insurers will offer you.

  • Having a good driving record proves to insurance companies that you’re a low-risk driver. Insurers like low-risk drivers because they’re less likely to have to pay out for an accident. If you can prove you’re a low risk by continuing to drive safely, your rates will adjust to reflect that fact.

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  • Data scientists at Insurify analyzed over 40 million auto insurance rates across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. With these insights, Insurify is able to offer drivers insight into how their car insurance premiums are priced by companies.

Jennifer Pendell
Jennifer Pendell

Insurance Writer

Jennifer Pendell is a personal finance expert. She specializes in breaking down dense subjects to make them easier for consumers to understand, with a particular interest in homeowners, renters, and auto insurance concepts. She studied at the University of Iowa.

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