If you are a senior driver looking for car insurance, you might be wondering how to get the best deal on your coverage. You might also be concerned about how your age affects your rates, discounts, and options.
|How to Find the Best Car Insurance Quotes for Seniors in 2023 [Guide]|
In this guide, we will help you find the best car insurance quotes for seniors in 2023 by providing you with:
The average car insurance rates for seniors by age, state, and company.
The best car insurance companies for seniors based on customer satisfaction, value, and coverage.
The best car insurance discounts for seniors and how to qualify for them.
The best car insurance tips for seniors to save money and stay safe on the road.
Average Car Insurance Rates for Seniors
According to The Zebra, senior drivers pay an average of $1,315 per year or $110 per month for auto insurance. However, your rates may vary depending on your age, location, driving history, credit score, vehicle type, coverage level, and other factors.
Here are some average car insurance rates for seniors by age group:
|Age Group||Average Annual Rate||Average Monthly Rate|
As you can see, car insurance rates tend to increase as you get older. This is because older drivers are considered more risky by insurers due to their declining vision, hearing, reflexes, and cognitive abilities.
However, this does not mean that you have to pay a fortune for car insurance as a senior. There are many ways to lower your rates by shopping around, comparing quotes, choosing the right coverage, and taking advantage of discounts.
Best Car Insurance Companies for Seniors
When choosing a car insurance company as a senior, you want to look for one that offers affordable rates, comprehensive coverage, excellent customer service, and high customer satisfaction.
Based on our research, here are some of the best car insurance companies for seniors in 2023:
State Farm is one of the largest and most popular car insurance companies in the U.S., with over 19% market share. It offers some of the cheapest premiums for older drivers with an average rate for 67-year-olds of $880 per year for full coverage insurance, which comes out to about $73 per month.
State Farm also offers many discounts for seniors who want to get an even better deal on their car insurance. You can get discounts by:
Taking a defensive driving course.
Driving a safe vehicle with anti-theft and safety features.
Having a good driving record.
Being a loyal customer.
Bundling your home and auto policies.
Paying your premium in full or using automatic payments.
State Farm also has a program called Drive Safe & Save that rewards you for driving safely and less frequently. You can save up to 30% on your premium by using a mobile app or a device that tracks your driving habits.
State Farm also has a high customer satisfaction rating of 4.6 out of 5 stars from seniors according to The Zebra's Customer Satisfaction Survey. It also has a low complaint level and an A++ financial strength rating from AM Best.
If you are looking for a reliable, affordable, and reputable car insurance company as a senior, State Farm is a great option.
USAA is another top-rated car insurance company for seniors, especially if you are a military member, veteran, or their family member. USAA offers exclusive benefits and discounts for its members, such as:
Lower rates than most competitors
No deductible on glass repairs
Free roadside assistance
Car replacement assistance
Identity theft protection
USAA also has an average rate of $1,299 per year or $89 per month for senior drivers, which is lower than the national average.
GEICO is another leading car insurance company in the U.S., with over 13% market shar. It offers some of the best car insurance discounts for seniors, such as:
Up to 15% off for federal employees or military members
Up to 26% off for being accident-free for five years
Up to 15% off for taking a defensive driving course
Up to 25% off for insuring multiple vehicles
Up to 12% off for bundling your home and auto policies
Up to 3% off for using automatic payments
GEICO also has an average rate of $1,197 per year or $100 per month for senior drivers, which is lower than the national average.
GEICO also has a high customer satisfaction rating of 4.5 out of 5 stars from seniors according to The Zebra's Customer Satisfaction Survey. It also has a low complaint level and an A++ financial strength rating from AM Best.
If you are looking for a car insurance company that offers a variety of discounts and savings opportunities for seniors, GEICO is a great choice.
4. The Hartford
The Hartford is a unique car insurance company that partners with AARP to provide exclusive benefits and discounts for its members who are 50 years or older. Some of these benefits include:
New car replacement.
12-month rate protection.
The Hartford also offers many discounts for seniors who are AARP members, such as:
Up to 20% off for taking a driver safety course.
Up to 10% off for bundling your home and auto policies.
Up to 5% off for paying your premium in full.
Up to 3% off for using automatic payments.
The Hartford also has an average rate of $1,608 per year or $134 per month for senior drivers, which is higher than the national average but still competitive considering the benefits and discounts it offers.
The Hartford also has a high customer satisfaction rating of 4.6 out of 5 stars from seniors according to The Zebra's Customer Satisfaction Survey. It also has a low complaint level and an A+ financial strength rating from AM Best.
If you are an AARP member or eligible to join, The Hartford is a car insurance company that caters specifically to your needs as a senior driver.
Best Car Insurance Tips for Seniors
Finding the best car insurance quotes for seniors is not only about choosing the right company, but also about following some smart tips that can help you save money and stay safe on the road. Here are some of them:
- Shop around and compare quotes from different companies at least once a year or whenever your situation changes, such as moving, buying a new car, or adding or removing drivers from your policy.
- Choose the right coverage level that suits your needs and budget. You may want to consider dropping collision and comprehensive coverage if your car is old or has a low value, as it may not be worth paying for repairs or replacement in case of an accident.
- Increase your deductible if you can afford it. A higher deductible means a lower premium, but also more out-of-pocket expenses in case of a claim.
- Maintain a good driving record by avoiding accidents, tickets, and violations. This will help you qualify for lower rates and discounts.
- Drive less frequently or use public transportation, carpooling, or ridesharing when possible. This will reduce your mileage and exposure to risk, which can lower your rates.
- Take a defensive driving course or a refresher course if you have not driven in a while. This will help you improve your skills, awareness, and confidence on the road, as well as earn you a discount on your premium.
- Review your policy regularly and update your information as needed. You may be eligible for discounts or savings based on your age, marital status, retirement status, vehicle usage, or other factors.
- Ask for discounts or savings that you may qualify for.
- Review your current policy and make sure it reflects your current situation and needs. You may be able to lower your coverage limits or drop some optional coverages if you have paid off your car loan, have a low-value car, or have other assets or insurance that can cover you in case of a claim.
- Ask for discounts or savings that you may qualify for based on your age, driving record, vehicle features, membership status, payment method, or other factors. Some insurers offer discounts for seniors who are retired, belong to certain organizations, use telematics devices, or have low annual mileage.
- Improve your driving resume by taking a defensive driving course or a refresher course if you have not driven in a while. This can help you improve your skills, awareness, and confidence on the road, as well as earn you a discount on your premium.
- Assess your vehicle and consider upgrading or replacing it if it is old, unsafe, or unreliable. A newer, safer, or more fuel-efficient vehicle can lower your risk of accidents, injuries, or breakdowns, as well as save you money on gas, maintenance, and repairs.
- Compare quotes from different insurers before you buy or renew your policy. You can use online tools or agents to help you find the best car insurance quotes for seniors in 2023 based on your personal information, preferences, and budget.
Car insurance is an essential protection for senior drivers who want to stay safe and secure on the road. However, finding the best car insurance quotes for seniors in 2023 can be challenging due to the many factors that affect your rates, discounts, and options.
That's why we created this guide to help you find the best car insurance companies for seniors based on customer satisfaction, value, and coverage. We also provided you with some of the best car insurance tips for seniors to help you save money and stay safe on the road.
We hope this guide has been helpful and informative for you. If you are ready to find the best car insurance quotes for seniors in 2023, click here to get started. You can compare quotes from multiple insurers in minutes and choose the one that suits your needs and budget.
Don't wait any longer. Get the best car insurance quotes for seniors in 2023 today!
(1) Best Auto Insurance Discounts for Seniors — Free Quotes - The Zebra.
(2) Compare Car Insurance Quotes (2023 Rates) – Forbes Advisor.
(3) Best Car Insurance for Seniors for 2023 - The Balance.
(4) Best Car Insurance For Seniors April 2023 – Forbes Advisor.
(5) Best Auto Insurance for Seniors in 2023 | AutoInsurance.org.
(6) The Best Car Insurance For Seniors of April 2023 - CNBC.
How can seniors save money on car insurance?
Seniors can save money on car insurance by taking advantage of discounts offered by various companies. For example, State Farm offers discounts for seniors who: - Complete a defensive driving course - Drive a vehicle with safety features - Bundle their home and auto policies - Pay their premiums in full Other ways to save money on car insurance include comparing quotes from different companies, choosing a higher deductible, reducing coverage on older vehicles and driving less.
How often should seniors shop around for car insurance?
It is recommended that seniors shop around for car insurance at least once a year or whenever their circumstances change¹³. This way, they can compare rates from different companies and see if they can save money or get better coverage. Shopping around can also help seniors avoid rate increases due to factors such as age or inflation.