Car Insurance Discounts for Senior Citizens
Compare Rates and Save on Car Insurance
By, Content Director
To cater to mature drivers, some auto insurance providers offer senior-specific discounts. These include GEICO, Progressive, Allstate and Farm Bureau. Most of these companies require a safe driving course certificate, which can be tricky if you’re on a budget.
Insurance providers offer a number of other discounts that are easy to qualify for and require no extra steps, which can help you maximize your savings. Even without discounts, some providers also offer cheaper overall auto insurance for seniors, which may be worth exploring.
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What Are Car Insurance Discounts for Senior Citizens?
A car insurance discount for seniors offers a small reduction in your annual premium. This is typically given to those between 45 and 55 years old but will depend on the insurance provider.
Most big companies offer senior citizen discounts, and regional companies may offer them in your area too. To help you narrow down your search, MoneyGeek made a list of companies that offer senior citizens auto insurance discounts and outlined some of their requirements.
Companies That Offer Senior Citizen Discounts
Company With Senior Discount
Drivers 55 years or older can save on their insurance coverage. In order to qualify, drivers must complete a state-recognized defensive driving course.
Allstate offers seniors a special discount, but the discount will depend on their circumstances. To qualify, seniors must complete a state-recognized defensive driving course, such as one from AARP.
American Family offers drivers 55 and older a discount if they complete an approved defensive driving course. However, this is not available in every state.
You can qualify for Direct General's discount if you are 55 years old or older and have successfully completed a motor vehicle accident prevention course.
Farmers offers a Senior Defensive Driver discount. To be eligible, drivers must be between the ages of 55 and 65 — the actual age depends on the state — and have successfully completed a Department of Motor Vehicles-approved driver’s education course. A certificate of completion must be provided.
If you are 50 years old or older, GEICO offers discounts, such as their defensive driving discount and retirement, government and military discounts. Eligibility rules and requirements for defensive driving discounts vary by state. They also offer discounts between 12% and 15% for retired federal employees and military members.
For drivers over the age of 65, Kemper offers a senior discount.
Mercury provides a discount to drivers 55 and older who have completed a driver improvement course at a DMV-approved school.
Seniors in certain states can apply for National General’s safe driving discount, but eligibility can vary by state.
NJM Insurance Co. offers a mature driver discount to drivers over a certain age who have taken a qualified course. Eligibility varies depending on the state, and you must upload your information for review at the site.
Policyholders, who are at least 48 of age with a Shelter Insurance property policy, can get an auto insurance discount.
Through a partnership with AARP, The Hartford offers car insurance for seniors, including special features for policyholders over 50. AARP members also get up to 10% savings simply for being a member.
Farm Bureau - Indiana
Farm Bureau offers drivers ages 45 years old or older a lower rate in Indiana through their mature driver rates.
Farm Bureau - Kentucky
Farm Bureau in Kentucky offers discounts to drivers ages 55 or older who have completed an approved safety course. A certificate of completion is required.
Wawanesa - California
To be eligible for Wawanesa's discount, drivers must be 55 years old or older and have completed a defensive driving course approved by the California DMV within the last three years. Taking the course as part of a court order does not qualify you for the discount.
How Much Is Auto Insurance for Senior Citizens?
Auto insurance rates depend on several factors, such as your age, location and level of coverage. Once you qualify as a senior, insurance premiums tend to get more expensive, so it’s prudent to opt for discounts where possible.
After age, your level of coverage has the greatest effect only our rates. And each state requires a minimum level of coverage, which will not change as you grow older. You can use MoneyGeek's tool to estimate how much your auto insurance may cost.
Average Cost Of Auto Insurance For Senior Citizens
Auto Insurance Type
Minimum Liability Annual Cost
Comprehensive/Collision (50/100/50) annual cost
Comprehensive/Collision (100/300/100) annual cost
Review each company's product offers then narrow down your choices to 3-5. Ask for an online quote from each insurer to get a better understanding of each cost.
It's important to consider that the cheapest car insurance may not always be the best option for you. The best car insurance may offer better services, coverages, and financial security. And, if you take advantage of the discounts available, it can still be an affordable option.
Other Car Insurance Discounts Senior Citizens Can Use
Aside from senior-specific discounts, older drivers can find other car insurance discounts. These can include behavior-based, loyalty and telematics-based car insurance discounts for seniors.
Other Discounts For Senior Citizens
Customer Loyalty Discount
Accident-Free Good Driver Discount
Vehicle and Safety Equipment Discount
Pay in Full
Other Ways Senior Citizens Can Save on Auto Insurance
Aside from qualifying for discounts, seniors can save on their auto insurance by shopping around for quotes, bundling policies or increasing their deductibles. Occasional drivers can also try usage-based or pay-per-mile insurance, which charges you based on the number of miles you drive. Removing unnecessary coverage is also a way to lower premiums.
Shopping around for quotes
To find the cheapest car insurance company, it’s smart to shop around for quotes. Gather several quotes from different companies to compare your options.
Getting a home and auto insurance bundle is a great way to save money on your premiums, as insurers like to reward loyal customers.
Your deductible is the amount you pay out of pocket before your insurance kicks in if you file a claim. The higher your deductible, the lower your premiums.
One form of car insurance for seniors is pay-per-mile insurance, which charges you based on the miles you drive. This is beneficial for those who drive fewer than 12,000 miles annually.
Drop unnecessary coverage
Removing comprehensive coverage is a practical solution if your premiums are worth more than 10% of your vehicle’s cash value. However, this can leave you underinsured. Determine how much auto insurance coverage you need before applying for a new policy or dropping any coverage.
Pay in full
While availing a no down payment car insurance will allow you to get insured with the lowest up front payment, paying in full will save you more money in the long run. Additionally, some insurance companies provide discounts for full payment.
Frequently Asked Questions About Car Insurance Discounts for Seniors
Finding car insurance discounts for seniors can be difficult if you don’t know where to start. Review the most frequently asked questions below to help guide you in your search.
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