Home Insurance for Seniors: Costs, Coverage, and Discounts (2026)

If you’re a senior homeowner, your age won’t affect how much you pay to insure your home, since age isn’t a factor in home insurance rates. Instead, home insurance companies consider things like the home’s age and condition, location, claims history, and coverage amounts when setting rates.

But insurers price policies differently, so it’s important to compare home insurance quotes from multiple companies. To help get you started, here are some of the best home insurance companies, potential discounts, and other ways to save as a senior homeowner.

Best home insurance companies for seniors

The best home insurance companies for seniors usually offer inexpensive policies for homeowners of all ages. The insurance companies below offer affordable rates and discounts available for senior homeowners. Here’s some more information about each of Insurify’s top picks:

Insurance Company	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.	Average Annual Premium	Best For
Allstate	8.2	$1,904	Overall
State Farm	8.2	$1,886	Customer service
Chubb	7.8	$2,365	High-value homes
Stillwater	8.8	N/A	Homes in high-risk areas
Travelers	8.4	$2,085	Older homes

Allstate: Best overall

Best Overall

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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.	8.2 /10
JD Power JD Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	631
$300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$201/mo
$500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$304/mo

Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

2

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A-

Why we picked this company

Allstate offers affordable homeowners insurance rates compared to its competitors. It also offers many discounts that seniors could benefit from. You can save by taking advantage of Allstate’s loyalty discount, multi-policy discount, and responsible payment discount.

If you have questions about a homeowners policy, you can reach Allstate customer service through several channels, including phone, chat, and email.

Pros

• No banned dog list

• Several available discounts

Cons

• Below-average JD Power customer satisfaction rating

• Above-average number of National Association of Insurance Commissioners (NAIC) complaints

State Farm: Best for customer service

customer service

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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.	8.2 /10
JD Power JD Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	643
$300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$227/mo
$500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$312/mo

Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

1.35

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

State Farm is among the best home insurance companies for customer service. It offers 24/7 payment and chat support, online claims filing, and a broad network of thousands of agents across the U.S. Its accessible customer service representatives are readily available to answer any payment or policy questions that may arise.

Pros

• Above-average JD Power customer satisfaction rating

• Multiple home insurance discounts

Cons

• Above-average number of NAIC complaints

• Mostly negative customer reviews on Trustpilot

Chubb: Best for high-value homes

high-value homes

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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.	7.8 /10
JD Power JD Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	688
$300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$297/mo
$500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$457/mo

Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

0.02

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

If the market value of your home is relatively high, a policy from Chubb could be worth considering. This insurer offers higher-than-average coverage limits, including up to $100 million in personal liability insurance protection. You can also get extended replacement cost coverage, which ensures you can rebuild your home to its original state even if expenses exceed your coverage limits.

Pros

• Multiple home insurance discounts

• Above-average JD Power customer and claims satisfaction rating

Cons

• Not the cheapest home insurance company

• Mostly negative customer reviews on Trustpilot

Stillwater: Best for homes in high-risk areas

homes in high-risk areas

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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.	NR
JD Power JD Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	Not rated
A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).	A-

Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

3.32

Why we picked this company

Stillwater offers standard homeowners insurance coverage options, including dwelling, other structures, personal property, personal liability, medical payments, and loss of use insurance. But homeowners living in high-risk areas vulnerable to theft or severe weather can also get scheduled personal property coverage and water back-up coverage for added protection against theft and sump-pump failure.

Pros

• Many different coverage options available

• Several home insurance discounts

Cons

• Not rated by JD Power for customer or claims satisfaction

• Above-average number of NAIC complaints

Travelers: Best for older homes

older homes

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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.	7.8 /10
JD Power JD Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	609
$300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$202/mo
$500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$317/mo

Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

1.34

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

If you own an older home, a home insurance policy from Travelers could be worth considering. This insurer offers relatively low rates, and seniors can take advantage of its many discounts, including protective device discounts for installing things like smoke detectors and home security systems.

Besides opportunities to save, Travelers also gives you access to reports on your home’s history through OpenHouse, so you can get insight into renovations and work done on your older home before you buy.

Pros

• Below-average number of NAIC complaints

• Several home insurance discounts

Cons

• Mostly negative customer reviews on Trustpilot

• Below-average JD Power customer and claims satisfaction ratings

How Insurify chose the best home insurance companies

Insurify’s team of data scientists analyzed millions of home insurance quotes and weighed publicly available reviews, claims payout rates, complaint indexes, financial strength scores, company reputations, and proprietary quoting data. Our editorial team applies this insight to inform our unbiased reviews and recommendations.

Cost of home insurance for seniors by state

Your age won’t affect the cost of your home insurance, but your location will. Insurance rates vary depending on local crime rates, total population, risk of natural disasters, state regulations, and other factors. If you live in a higher-risk area, you’ll often pay a higher rate.^[1] 

Here, you can see how home insurance rates fluctuate from one state to the next. The average rates shown are for policies with $300,000 in dwelling coverage and a $1,000 deductible.

The below national rates are estimated rates current as of: Sunday, November 1 at 12:28 AM PDT. 

State	Average Annual Rate
Connecticut	$531
Washington D.C.	$652
Vermont	$676
New Hampshire	$978
Pennsylvania	$996
Iowa	$1,077
Maine	$1,103
West Virginia	$1,115
Washington	$1,158
Delaware	$1,183
New Jersey	$1,267
Oregon	$1,405
Wisconsin	$1,408
Michigan	$1,430
New York	$1,452
Virginia	$1,480
Massachusetts	$1,531
Utah	$1,560
Ohio	$1,560
Nevada	$1,561
Wyoming	$1,681
Indiana	$1,769
Idaho	$1,792
California	$1,911
Maryland	$2,008
Arizona	$2,042
South Carolina	$2,211
North Dakota	$2,217
Missouri	$2,272
Illinois	$2,351
Alabama	$2,399
Rhode Island	$2,494
Georgia	$2,696
South Dakota	$2,741
Minnesota	$2,785
Tennessee	$2,814
Kentucky	$2,855
Arkansas	$2,871
Mississippi	$2,899
Colorado	$3,010
New Mexico	$3,153
Montana	$3,207
Texas	$3,222
North Carolina	$3,455
Oklahoma	$3,941
Nebraska	$3,951
Kansas	$4,119
Louisiana	$4,194
Florida	$5,444

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Factors that affect homeowners insurance costs

The top factors influencing your home insurance costs include:

• Home age and condition: Older homes typically cost more to insure because you’re more likely to file a claim as the home and its systems age.

• Home security features: Many home insurance companies offer a discount for homes that have security features, such as burglar alarms and carbon monoxide detectors, because they reduce the likelihood of you filing a claim.

• ZIP code: Homes in higher-risk areas, such as those prone to severe weather or with higher crime rates, cost more to insure.

• Amount of coverage: If you choose a policy with higher limits, you’ll pay more for coverage.

• Chosen deductible: The higher your home insurance deductible is, the lower your monthly premiums will be.

Home insurance discounts for seniors

Many insurers offer special discounts on home insurance policies. Discounts vary by company, but some common discounts that might appeal to you include:

• Bundling discounts: You can find bundling discounts from many insurance companies. With these, you get a percentage off your premiums for having multiple insurance products, such as home and auto insurance.

• Customer loyalty discounts: Many insurers offer customer loyalty discounts if you’ve held a policy with them for several years.

• Retiree discounts: You could get a home insurance discount specifically for retirees.

• Home security and safety discounts: It’s also common to see discounts for installing certain home security and safety features, such as smoke detectors, burglar alarms, or sprinkler systems.

• Claims-free discounts: You could get a discount for your clean claims history if you have few or no past homeowners insurance claims.

How much home insurance do seniors need?

A good rule of thumb is to set your dwelling coverage at a limit at least equal to the cost of replacing your home after a catastrophic event. The Insurance Information Institute also recommends that you purchase a minimum of $100,000 in personal liability insurance, though you might prefer additional protection just in case.^[2]

But the amount of home insurance you need will depend on your home’s value and features, whether you have additional structures on your property, the value of your personal items, and your preferences.

It’s also common to see the terms “actual cash value” and “replacement cost value” as you shop for dwelling or personal property coverage.

• Actual cash value: Opting for actual cash value might result in lower rates but offer less protection, as it reflects the value of your home and possessions after depreciation.

• Replacement cost value: Replacement cost represents the market value of your house and possessions; depreciation doesn’t factor into the equation. Choosing replacement cost coverage is a good idea because it gives you more protection.

• Extended replacement cost: You can even opt for extended replacement cost protection for additional peace of mind. This coverage ensures you can repair or replace your home, even if the expenses exceed your policy limits.

Umbrella insurance for retirees

Umbrella insurance is a type of liability insurance that you can add to your standard home insurance policy. If you exhaust the limits of your standard policy, an umbrella policy can cover any remaining damages so you don’t have to cover them out of pocket.

For many homeowners, standard policies offer enough financial protection. But if you’re a retiree with significant savings or assets to protect or have a property with high-risk features (such as a swimming pool), you might want to consider an umbrella policy.

Aging-in-place home modifications and insurance

For senior homeowners who plan to “age in place,” safety is likely top of mind. But a 2020 U.S. Census Bureau report shows that only about 1 in 10 homes in the U.S. have features to support aging homeowners, such as a bedroom and bathroom on the first floor and an entryway with no steps.^[3]

If you add accessibility features to your home — such as ramps, stairlifts, grab bars, or walk-in tubs — it’s important to tell your insurance company about these updates because they could potentially affect your coverage needs or rates when your policy renews.

If you use personal mobility equipment to get around, such as a scooter or wheelchair, the personal property coverage portion of your home insurance policy should pay to replace this equipment if a covered peril damages or destroys it. But every policy is different, so check your policy details or contact your insurance agent to make sure these items have coverage.

Home insurance considerations when downsizing or moving in retirement

If you decide to downsize in retirement, it could affect your home insurance coverage needs. For example, if you move to a smaller home, you might not need a policy with as much dwelling coverage.

If you relocate to a condo, you’ll need a different type of policy altogether because condo insurance (HO-6) policies have different coverages and exclusions than standard home insurance (HO-3 and HO-5) policies.

And if you move to a retirement community, your homeowners association might require you to have a policy with certain coverage minimums.

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Other ways seniors can save on home insurance

Besides discounts, you have several other ways to save on home insurance. Here are some options if you’re looking to save money on coverage:

• Comparison shop. Premiums vary by insurer, so getting multiple home insurance quotes can help you find an affordable policy.

• Increase your deductible. Your deductible is the amount you pay before your home insurance covers you. Common deductibles are $500–$2,000, but opting for a higher deductible generally means lower prices.

• Reinforce your home. Home insurance companies sometimes offer discounts when you use certain products or materials to reinforce your home, such as metal roofing or storm shutters.

• Review coverage annually. Your home insurance coverage needs may change in retirement, so review your policy each year to make sure you still have sufficient coverage.

Homeowners insurance for seniors FAQs