Finding ways to save money is important at any age. If you’re an older adult with experience behind the wheel, you can find deals on your car insurance by looking into insurance companies that offer discounts and special programs to mature drivers—defined by most insurers as anyone over 50. We researched the top car insurance companies to determine which ones offer the best discounts, perks, and policy options for older drivers.
Whether you’re driving less, taking more road trips, or just want to cut down on your costs as you move toward or enter retirement, you have some great options to choose from. Here are our top picks for the best car insurance companies for older adults.
7 Best Seniors’ Car Insurance Companies of 2021
- Best Overall: GEICO
- Runner-Up for Best Overall: Amica Insurance
- Best for Safe Drivers: State Farm
- Best for Perks and Discounts: Allstate
- Best Membership Option: The AARP® Auto Insurance Program from The Hartford
- Best for Older Adults with Low Mileage: Nationwide
- Best for Cost-Conscious Drivers: Progressive
Best Overall : GEICO
GEICO is our choice for the best car insurance company for older adults, as it offers solid coverage and policies tailored to the needs of drivers in this stage of life. Its coverage is available in all states, and GEICO offers all the usual car insurance discounts, including savings for good driving (up to 26%) and membership in over 500 groups, such as alumni associations and professional, military, and recreational organizations. Also, it offers a discount in many states if you take a defensive driving course, as do several other insurers.
If you’re 50 or over, GEICO’s PrimeTime provides guaranteed renewal to qualified applicants, as long as you don’t allow people under age 25 to drive your car, have any violations or accidents in the past three years, and don’t use your car for business. However, it’s only available in 30 states.
Although GEICO does not have a pay-as-you-go mileage-based insurance plan, it does offer lower premiums for reduced mileage. This option could be useful if you’re no longer commuting, although it’s not unusual among insurers. GEICO also offers extra coverages like roadside assistance, mechanical breakdown coverage, and Mexico car insurance.
Overall, GEICO checks most of the boxes for coverage options and discount opportunities, which is why it’s our top pick for the best car insurance for older drivers.
Guaranteed renewal plan for drivers over age 50
Long list of discounts
Ranked #1 for its digital experience by J.D. Power
Above-average overall customer satisfaction scores, per J.D. Power studies
PrimeTime guaranteed renewal not available in all states
No mileage-based pay-as-you-go program
Customer service mostly online and by phone; few in-person options
Runner-Up for Best Overall : Amica Insurance
With a #1 ranking for customer satisfaction in New England and the second-best national score for claims satisfaction in J.D. Power studies, Amica seems to keep its policyholders happy. That’s why the company is our runner-up pick for the best car insurance for older adults.
As a mutual insurance company, Amica is owned by its policyholders, not shareholders. Because of that, it offers dividend policies in addition to traditional car insurance policies. Depending on your state and the type of coverage you purchase, with a dividend policy, you may be eligible to receive 5% to 20% of your annual premium back when your policy expires.
Amica offers all the standard discounts, like claim-free and multi-policy savings, but the company also has a few loyalty-based perks and ways to save:
- Loyalty discount: If you’ve been with your current insurer for at least two years, you’ll save when you switch to Amica. The discount increases with the length of your loyalty; you’ll save up to 10% once you’ve been insured by the previous insurer and Amica for a total of six years.
- Good Driving Rewards: This add-on coverage is available either individually or as part of Amica’s Platinum Choice package. You’ll accumulate points for staying insured with Amica, having a safe driving record, and referring friends and family to Amica. You can use your points to reduce or eliminate your deductible or keep rates from going up after a claim (similar to accident forgiveness programs from other insurers).
- Legacy discount: Once you’ve been insured with Amica for five years, the company will extend a discount to your children (who must be under 30).
Amica gives older drivers a discount for completing an online defensive driving course and offers a discounted price for the course. However, GEICO, State Farm, and several other insurers offer the same course, so it’s worth comparing rates from several companies before you sign up for the course.
Overall, with excellent scores for claims satisfaction and a long list of discounts, Amica is our runner-up pick for best car insurance company for older drivers.
Highly ranked for claims satisfaction by J.D. Power
Offers loyalty discounts to policyholders and their children
Good Driving Rewards program lets you earn accident forgiveness or reduce your deductible by driving safely
Dividend-paying policies available
No usage-based or telematics options
Customer satisfaction with the digital experience is below average, according to J.D. Power
Best for Safe Drivers : State Farm
Read the full review: State Farm Car Insurance
State Farm is the largest car insurer in the U.S. It’s highly ranked in several U.S. regions for customer service and has some of the highest claims satisfaction ratings of all national insurers. State Farm’s local agents offer personalized service, especially if you prefer to discuss your insurance needs in person.
State Farm is our top pick for safe drivers because it offers one of the highest usage-based discounts we’ve seen—up to 30%, depending on your state. You can sign up for the program through the insurer's smartphone app or by using OnStar in your vehicle.
The company also offers a discount for taking a defensive driver course, as well as a discount for having all drivers under 21 take a driver training course, which could help offset the cost of adding your children to your policy.
Up to 30% usage-based safe driver discount
Large network of 19,200 local exclusive agents for in-person service
Highly ranked for claims and overall customer satisfaction
Drive Safe & Save is not available in California, Massachusetts, and Rhode Island
State Farm car insurance may not be available in all states
Lower-than-average customer satisfaction rankings in the Northwest and Southeast, per J.D. Power studies
Best for Perks and Discounts : Allstate
Allstate is the fourth-largest car insurer in the U.S. and offers several perks, usage-based insurance programs, and discounts that may appeal to older adults:
- A claim satisfaction guarantee: If you’re not satisfied with your claim, it gives you credit equal to the cost of your six-month premium (available in 43 states).
- Milewise: A pay-per-mile program for people who drive 1,000 to 10,000 miles per year, which may be useful to retired people who find they’re driving less.
- Drivewise: A usage-based insurance program that allows you to earn rewards for safer driving, which could help offset additional mileage costs from road trips.
- Allstate Rewards: Earn points through the Milewise or Drivewise programs and use them for savings, daily deals, and gift cards
- Classic car insurance: Allstate’s classic car insurance policy has no mileage restrictions, which is unusual among insurers covering classic vehicles.
- Deductible Rewards: Get $100 off your deductible when you sign up, then earn another $100 off for each accident-free year (up to $500 total).
Allstate also offers 24/7 roadside assistance either as an add-on to your policy or on a pay-per-use basis. And if you’re planning a road trip south of the border, Allstate’s Mexican car insurance includes roadside assistance, GAP coverage, and medical evacuation coverage.
Allstate offers service online, by phone, and through local agents. However, buying your policy through a local agent will likely cost you more than buying the same policy online, so consider whether the in-person service is worth paying a little extra.
Claim satisfaction guarantee
Milewise pay-per-mile option for people who drive less
Above-average claims satisfaction rankings with J.D. Power
Limited availability of Milewise, depending on your state
Buying a policy from a local agent may cost more than buying online
Claim satisfaction guarantee not available in all states
Best Membership Option : The AARP® Auto Insurance Program from The Hartford
The Hartford provides car insurance for AARP members, who must be 50 or older. AARP Auto Insurance Program from The Hartford is designed specifically for older drivers and offers several ways to keep rates lower through discounts or policy features.
AARP membership costs $16 per year or $12 if you auto-renew and comes with several discounts (prices subject to change). Policyholders with The Hartford will see some fairly standard benefits with their auto insurance, such as lifetime guarantees on repairs from authorized repair shops. But depending on your state, you’ll also have unique perks, such as replacement coverage for a new car or RecoverCare, which offers reimbursement to help you pay for cooking, cleaning, or other help you need after an accident.
Unique benefits like RecoverCare
Designed specifically for the needs of drivers 50+
Requires an AARP membership, which is a separate cost
Best for Older Adults with Low Mileage : Nationwide
Maybe you’ve retired and no longer need to commute, maybe you run most of your errands by e-bike, or maybe you’re staying closer to home for other reasons. Nationwide is a great choice for older adults whose odometers don’t rack up as many miles as they used to. The SmartMiles program tracks your mileage using a telematics device installed on your car and adjusts your car insurance rates accordingly. Only a few insurers offer this kind of pay-per-mile program, and Nationwide’s is available in 32 states.
Nationwide also has all the usual discounts. In some states, drivers 55 and up may be eligible for a defensive driving discount if they’ve had no at-fault accidents in the past three years and they complete an approved driving course. Other cost savings with Nationwide include SmartRide, a usage-based telematics program that offers up to 40% savings based on your driving habits, including the number of miles you drive.
J.D. Power reports that Nationwide’s claims satisfaction scores are above average. However, overall customer satisfaction ranges from below to above average in different U.S. regions.
Mileage-based premium program
Usage-based discount program
Above-average claims satisfaction rankings
SmartMiles and defensive driving discount may not be available in all states
Inconsistent customer satisfaction rankings (average satisfaction in some regions, but below average in others)
Best for Cost-Conscious Drivers : Progressive
Progressive is a great option for older drivers because of the various ways it allows potential customers to compare prices, as well as the transparency with which it explains how age affects its car insurance rates. Progressive’s best average rates are for drivers aged 50 to 74, and in our research, we found its prices to be among the lowest for older drivers in many states. However, your actual premium will also depend on several other factors, like driving history and location. In addition, Progressive offers all the standard car insurance discounts.
With years of driving experience behind them, mature drivers often have safe driving habits and obey the rules of the road. Progressive offers a usage-based insurance program called Snapshot that may reduce your insurance cost if you tend to drive safely. However, about 20% of participants see an increase, so consider your driving style before you sign up.
One unique option is the company’s Name Your Price tool. When you enter the amount you want to pay for your car insurance, the tool shows you what kind of coverage is available in that price range. Then you can tinker with the options to find a combination of price and coverage that meets your needs.
Progressive has below-average overall claims satisfaction rankings compared to other national insurers, although its overall customer satisfaction scores are mostly average.
May offer better rates for drivers aged 50 to 74
Snapshot usage-based insurance program could lower prices
Name Your Price tool matches coverage to your budget
Snapshot program may result in an increase in rates for high-risk drivers
Below-average overall claims satisfaction rankings from J.D. Power
|Provider||Why We Picked It|
|Amica||Runner-Up, Best Overall|
|State Farm||Best for Safe Drivers|
|Allstate||Best Perks and Discounts|
|The AARP Auto Insurance Program from The Hartford||Best Membership Program|
|Nationwide||Best for Low-Mileage Drivers|
|Progressive||Best for Cost-Conscious Drivers|
Who Is Considered a Senior?
When it comes to car insurance, there’s no solid definition of “senior” or “older adult.” Some companies, like The Hartford, only offer car insurance to AARP members aged 50 or older, while others offer special discounts to drivers over a certain age. But most car insurance companies simply include age as one factor in their overall calculation of your premium. That means that car insurance is one area where you likely won’t get to enjoy a senior discount just for passing a milestone birthday.
How Is Auto Insurance Different for Seniors?
Auto insurance coverage works the same for older adults as it does for people of other ages. The only difference may be the cost. Older adults may qualify for discounts based on age or by taking extra measures such as completing a safe driving course or driving less. Other discounts though your insurance coverage—such as accident-free premium reductions—will work the same as they did before you qualified for seniors’ auto insurance discounts.
Average Cost of Car Insurance for Seniors and Older Adults
Although individual personal factors, driving history, and location will affect your car insurance costs, in general, your premiums should decrease or stabilize as you get older. Statistically, adults in their 50s and 60s get the best car insurance rates. As you age, you may be able to qualify for better rates based on:
- The number of discounts you qualify for
- Your driving experience
- Hopefully fewer claims
- Driving less once you retire
As always, we recommend comparing quotes from several insurers to see which ones offer you the best combination of coverage and value for your situation.
Drivers in their 70s may notice rising premiums because of a higher likelihood of accidents. For example, our research revealed increases of $300 to $500 on average from ages 60 to 75, and Progressive notes that rates increase by an average of 16% for drivers aged 75 and up. If you’re in or approaching your 70s, it may be even more worthwhile to compare quotes from your current company as well as a few others.
How to Save Money on Car Insurance as an Older Adult
Older adults can save money on car insurance costs by shopping around. As you get closer to a milestone birthday like 50, 60, or 70, ask your current insurer whether you’ll be eligible for any additional discounts based on retirement, age, driver safety training, mileage, or taking children off your policy as they move out.
While you’re at it, request quotes from a few other companies on our list of the best car insurance for older adults. Switching to a new insurer could help you save even more money in the long run. Just make sure to consider whether you’d be waving goodbye to a loyalty discount.
How We Chose the Best Car Insurance Companies for Older Adults
In evaluating the best car insurance for older drivers, we looked at each insurance company’s performance across categories, including stability and reliability, customer satisfaction, claims service, complaints, and product offerings. We researched each insurance company’s financial strength using AM Best’s ratings.
We also considered each insurer’s reputation using various websites and independent studies, including the 2020 J.D. Power Auto Claims Satisfaction Study, Auto Insurance Study, Insurance Shopping Study, and Digital Experience Study. These rankings offer insights into each insurer's reputation for customer service and claims.
Next, we checked each insurer’s website for the discounts and benefits that best suit older adults’ lifestyles. We found the companies that offered the best opportunity to earn perks or rewards while providing fair pricing and discount opportunities. Finally, we weighed each insurer’s biggest strengths to decide who might be happiest with each of our top picks. As always, we recommend comparing quotes from several insurers to find the best value and coverage for your situation and location.