Best car insurance for seniors (2024)

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By

Andrew HurstSenior Editor & Licensed Auto Insurance ExpertAndrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.&Rachael BrennanSenior Editor & Licensed Auto Insurance ExpertRachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Edited by

Anna SwartzAnna SwartzSenior Managing EditorAnna Swartz is a senior managing editor who specializes in home, auto, renters, and disability insurance at Policygenius. Previously, she was a senior staff writer at Mic and a writer at The Dodo. Her work has also appeared in Salon, HuffPost, MSN, AOL, and Heeb.
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Reviewed by

Kristi Sullivan, CFP®Kristi Sullivan, CFP®Certified Financial PlannerKristi Sullivan, CFP®, is a certified financial planner and a member of the Financial Review Council at Policygenius. Previously, she was a regional consultant at Fidelity Investments for nine years.

Updated

Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.

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While seniors often enjoy low car insurance rates, costs can start to go up with age. If you’re a driver over age 60, you can find the best car insurance for your age and budget by comparing quotes from multiple top companies before you pick a policy.

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Best car insurance companies for seniors

We found that MAPFRE has the best rates for senior drivers at $77 a month for full-coverage car insurance. That’s 38% more affordable than average for seniors.

USAA and State Farm also have cheap auto insurance rates for seniors. MAPFRE is available in just 19 states, but USAA and State Farm offer coverage almost everywhere.

Average monthly rate for seniors

Average yearly rate

MAPFRE

$77

$929

USAA*

$81

$974

State Farm

$87

$1,050

NJM

$90

$1,080

Erie

$92

$1,104

Auto-Owners Insurance

$92

$1,108

GEICO

$94

$1,123

Travelers

$103

$1,236

COUNTRY Financial

$107

$1,280

Nationwide

$109

$1,310

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*USAA is only available to members of the military, veterans, and their families

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Methodology: Why you can trust our picks for the cheapest car insurance for seniors

We found the companies with the best car insurance rates for senior drivers data from 130 companies, which was provided by Quadrant Information Services.

Our data is from every ZIP code in the country for drivers ages 60, 65, and 70 years old. The average rates in this study are for full-coverage car insurance for a 2017 Toyota Camry with the following limits:

  • Bodily injury liability: $50,000 per person, $100,000 per accident

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: $50,000 per person, $100,000 per accident

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

We estimated insurance costs for seniors with poor driving records by analyzing average rate increases for younger drivers, which we applied to our sample senior driver’s rates across every ZIP code.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Best car insurance companies for seniors

The cheapest car insurance company for senior drivers isn’t necessarily the best option. Seniors can find the best (and cheapest) car insurance by comparing rates from multiple companies. Policygenius can help you compare quotes securely — and for free.

Best overall car insurance for seniors: State Farm

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Coverage for rideshare drivers

Good student discount

Mobile app

Usage-based discount

Offers classic car insurance

Offers motorcycle insurance

Why we chose itchevron icon

State Farm offers car insurance in almost every state, unlike many of the other companies that have cheap car insurance rates for senior drivers.

Pros and conschevron icon

Pros

  • Available in almost every state

  • Low rates for teens and drivers with accidents

  • High customer satisfaction ratings

Cons

  • Limited coverage options

More detailschevron icon

State Farm is the best car insurance company for seniors because of how accessible it is. State Farm offers car insurance everywhere except Massachusetts and Rhode Island. 

State Farm doesn’t offer gap insurance, but you can still get roadside assistance and rental reimbursement coverage, as well as a top home and auto bundling discount.

Cost of car insurance from State Farm for seniors

On average, car insurance from State Farm costs $87 a month or $1,050 a year for senior-aged drivers. That’s $451 cheaper than the annual average cost of car insurance for seniors.

Best car insurance for senior veterans: USAA

USAA

USAA logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starFull orange star

5.0

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

All 50 states

Bundle home & auto

Usage-based discount

Good student discount

Coverage for rideshare drivers

Mobile app

Offers classic car insurance

Offers motorcycle insurance

Why we chose itchevron icon

USAA is one of the cheapest companies for senior car insurance, but you must be a current or former member of the military or a part of military families to get coverage.

Pros and conschevron icon

Pros

  • Low rates

  • Available nationwide

  • High customer service ratings

Cons

  • Only available to military members and their families

More detailschevron icon

Car insurance from USAA is unmatched for seniors who are also veterans or current members of the military. USAA’s customer service earns top scores from J.D. Power, and it also boasts constantly low rates across all age groups.

While USAA only offers a few additional coverage options, like roadside assistance and rental car reimbursement coverage, the company’s outstanding claims service alone makes it worth considering for seniors.

Cost of car insurance from USAA for seniors

On average, USAA car insurance is $81 a month or $974 a year for senior drivers. That’s $527 cheaper than the annual average cost of car insurance for seniors.

Best car insurance for AARP members: The Hartford

The Hartford

The Hartford & AARP home insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starHalf orange starEmpty gray star

3.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Mobile app

New homebuyer discount

Offers new car replacement

Usage-based discount

Smart home discounts

Why we chose itchevron icon

The Hartford partners exclusively with AARP to provide car insurance to members, including a few free perks.

Pros and conschevron icon

Pros

  • AARP members get new car replacement coverage for free

  • Available accident forgiveness and diminishing deductible

  • Exclusive discounts just for being an AARP member

Cons

  • Doesn't offer gap insurance

More detailschevron icon

The Hartford’s AARP Auto Insurance Program is a top pick for senior car insurance because of the perks that come with every policy, including new car replacement and roadside assistance, with up to $2,500 for after-accident expenses.

AARP members can also choose to add extra coverage, including accident forgiveness, rental reimbursement, and a disappearing deductible option.

Cost of car insurance from The Hartford for seniors

On average, car insurance from The Hartford through AARP costs seniors $165 a month or $1,983 a year. That’s $482 more expensive than the annual average cost of car insurance for seniors.

Best auto and home bundle for seniors: Auto-Owners

Auto-Owners

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.7

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers gap coverage

Good student discount

Mobile app

Offers classic car insurance

Offers motorcycle insurance

Why we chose itchevron icon

Auto-Owners has cheap car insurance for seniors and is a top pick for bundling home and auto insurance

Pros and conschevron icon

Pros

  • Lower-than-average rates

  • Offers gap coverage

  • Owned by its policyholders

Cons

  • Not offered in every state

More detailschevron icon

Senior homeowners will find some of the best bundled home and auto insurance with Auto-Owners. Auto-Owners offers a 12% discount to bundlers, along with a total of nearly 20 other home and auto insurance discounts.

Auto-Owners also offers a range of extra coverages, including accident forgiveness, gap coverage, rental reimbursement, and roadside assistance.

Cost of car insurance from Auto-Owners for seniors

On average, car insurance from Auto-Owners costs $92 a month or $1,108 a year for senior drivers. That’s $393 cheaper than the annual average cost of car insurance for seniors.

Best car insurance for low-mileage seniors: Nationwide

Nationwide

Nationwide logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starEmpty gray star

4.2

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Accident forgiveness

Bundle home & auto

Mobile app

Offers gap coverage

Usage-based discount

Coverage for rideshare drivers

Good student discount

Offers motorcycle insurance

Why we chose itchevron icon

Nationwide’s SmartMiles can help seniors who don’t drive very much to save money on their car insurance.

Pros and conschevron icon

Pros

  • Low rates

  • Few customer complaints

  • Annual coverage review

Cons

  • Not available in Alaska, Hawaii, Louisiana or Massachusetts

  • Lower-than-average claims satisfaction ratings

More detailschevron icon

Nationwide offers a special usage-based discount program called SmartMiles, where you share data with the company about how much you drive and then pay by the mile.

With SmartMiles, you’re charged for every mile you drive — though there’s a road-trip exception where any miles after the first 250 are free, just in case you go over. That makes it a good option for seniors who are retired and no longer commute daily. SmartMiles also comes with a 10% discount for safe drivers.

Cost of car insurance from Nationwide for seniors

The average cost of SmartMiles through Nationwide depends on how much you drive and where you live, but the less you drive, the lower your rates will be.

Cheapest full-coverage car insurance for seniors in every state

Seniors can find cheap full-coverage car insurance where they live by comparing quotes from multiple companies in their area, and by re-shopping for car insurance when it’s time to renew their policy.

Here’s the cheapest car insurance company for seniors in every state:

Cheapest car insurance for seniors

Monthly rate

Alabama

USAA

$79

Alaska

GEICO

$64

Arizona

Auto-Owners

$86

Arkansas

State Farm

$74

California

Wawanesa

$74

Colorado

American National

$61

Connecticut

GEICO

$68

Delaware

State Farm

$92

District of Columbia

GEICO

$87

Florida

State Farm

$125

Georgia

USAA

$90

Hawaii

GEICO

$65

Idaho

American National

$36

Illinois

Pekin Insurance

$55

Indiana

USAA

$55

Iowa

State Farm

$52

Kansas

USAA

$68

Kentucky

GEICO

$95

Louisiana

USAA

$122

Maine

USAA

$49

Maryland

USAA

$63

Massachusetts

GEICO

$67

Michigan

USAA

$94

Minnesota

State Farm

$71

Mississippi

National General

$67

Missouri

USAA

$56

Montana

USAA

$65

Nebraska

Nationwide

$76

Nevada

State Farm

$92

New Hampshire

USAA

$54

New Jersey

GEICO

$76

New Mexico

USAA

$69

New York

Kemper

$70

North Carolina

Erie

$62

North Dakota

USAA

$55

Ohio

USAA

$54

Oklahoma

USAA

$74

Oregon

State Farm

$66

Pennsylvania

State Farm

$73

Rhode Island

State Farm

$77

South Carolina

American National

$53

South Dakota

Farmers Mutual

$79

Tennessee

USAA

$63

Texas

Farm Bureau

$71

Utah

USAA

$79

Vermont

State Farm

$64

Virginia

State Farm

$49

Washington

PEMCO

$76

West Virginia

USAA

$52

Wisconsin

USAA

$68

Wyoming

American National

$59

Collapse table

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Cheapest car insurance for seniors with a bad driving record

Car insurance is more expensive than average for seniors who have been in a recent at-fault accident, have gotten a DUI or speeding ticket, or otherwise don’t have spotless driving records.

A bar graph showing the cost of car insurance for seniors with different driving violations.

Your rates will go up when it’s time to renew your policy, not right after a violation, so don’t switch companies immediately after an accident. Your car insurance company may also decide not to renew your policy after a serious violation.

Cheapest senior car insurance after an accident

NJM has the absolute cheapest car insurance company for seniors after an at-fault accident, but it’s only available in five states.

Average monthly rate

Average yearly rate

NJM

$110

$1,319

State Farm

$114

$1,362

MAPFRE

$149

$1,784

Travelers

$156

$1,868

USAA

$157

$1,881

American Family

$158

$1,892

Farm Bureau

$158

$1,894

Erie

$163

$1,955

COUNTRY Financial

$165

$1,982

Progressive

$170

$2,045

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Cheapest senior car insurance after a DUI

NJM has the absolute cheapest car insurance for seniors after a DUI, followed by State Farm.

Average monthly rate

Average yearly rate

NJM

$91

$1,089

State Farm

$105

$1,257

MAPFRE

$107

$1,280

USAA

$115

$1,378

Erie

$119

$1,425

Auto-Owners

$134

$1,612

Travelers

$140

$1,676

COUNTRY Financial

$145

$1,746

Farm Bureau

$153

$1,835

American Family

$158

$1,900

Collapse table

Cheapest senior car insurance after a speeding ticket

State Farm has the cheapest car insurance for seniors with a speeding ticket on their records.

Average monthly rate

Average yearly rate

State Farm

$97

$1,169

USAA

$99

$1,189

Erie

$104

$1,251

MAPFRE

$107

$1,280

NJM

$110

$1,319

Auto-Owners

$139

$1,672

Nationwide

$141

$1,688

Farm Bureau

$142

$1,702

Travelers

$150

$1,803

American Family

$150

$1,805

Collapse table

Best car insurance rates for seniors by age

Expect your car insurance rates to change over time, which means your current car insurance company may not always be your cheapest option. As you get older, it may be worth switching your car insurance to a company that offers more affordable rates.

Cheapest car insurance for 60-year-olds

MAPFRE is the cheapest company for 60-year-old drivers at $71 per month. All of the five cheapest companies for 60-year-old drivers offer coverage for less than $100 per month on average.

Average monthly rate

Average yearly rate

MAPFRE

$71

$855

USAA

$78

$937

State Farm

$87

$1,038

Auto-Owners

$88

$1,062

Erie

$87

$1,047

Cheapest car insurance for 65-year-olds

MAPFRE is the cheapest car insurance company for 65-year-old drivers. Both MAPFRE and USAA are less than $1,000 per year.

Average monthly rate

Average yearly rate

MAPFRE

$80

$966

USAA

$80

$960

State Farm

$86

$1,035

Auto-Owners

$91

$1,092

Erie

$91

$1,094

Cheapest car insurance for 70-year-olds

MAPFRE is the cheapest car insurance company for 70-year-old drivers. It’s the only company we found with average rates that are less than $1,000 a year for 70 year olds.

Average monthly rate

Average yearly rate

MAPFRE

$80

$966

USAA

$86

$1,026

State Farm

$90

$1,076

Auto-Owners

$98

$1,170

Erie

$98

$1,172

Average cost of car insurance for seniors

We found that the overall average cost of car insurance for seniors is $125 per month (or $1,501 per year). Although auto insurance for drivers 60 and older is much cheaper than it is for, say, 21-year-olds, costs do start to go up slightly after 60.

That’s because, as they age, older drivers gradually become more likely to get into accidents and file claims for damage.

Age

Average monthly rate

Average yearly rate

16

$538

$6,450

17

$469

$5,631

18

$401

$4,813

19

$312

$3,746

20

$268

$3,213

21

$223

$2,680

25

$159

$1,909

30

$141

$1,691

35

$137

$1,640

45

$131

$1,568

55

$121

$1,450

60

$120

$1,437

65

$124

$1,487

70

$132

$1,579

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How to save on senior car insurance

Drivers age 60 and older can save on car insurance by taking these steps:

  • Compare quotes: Comparing quotes before buying car insurance is the easiest way to make sure you find the best deal.

  • Drop full coverage on older cars: You can drop full coverage on an older car that’s not worth much any more once you own it outright.

  • Get lower rates for being a safe driver: Consider usage-based car insurance if you’re comfortable sharing driving data with your insurance company.

  • Look for senior discounts: Some companies, like Farmers, offer discounts to drivers over a certain age (sometimes as low as 50) with a clean record.

  • Match your insurance to your lifestyle: Save on your car insurance by switching to a per-mile policy if you no longer drive much.

  • Re-shop coverage: Before renewing your policy, shop around to see if there’s a better deal for drivers your age.

  • Sign up for a driving safety course: Get a discount for completing accredited defensive or safe driving courses.

An explainer of why it's a good idea to compare car insurance quotes.

Frequently asked questions

When does car insurance get more expensive?

Insurance is most expensive for drivers when they first start driving. Rates fall toward the national average as you age, but older seniors tend to see higher rates than people in their 50s and 60s.

Do seniors need a certain type of car insurance to drive?

No, seniors need the same insurance as any other driver. Seniors need enough liability insurance to meet their state’s requirement, and comprehensive and collision coverage if they lease or financed their car.

Is car insurance cheaper after you retire?

Car insurance can be more affordable after you retire due to experience compared to younger drivers. You may also pay less for car insurance after you retire since you won't have to drive to work anymore.

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Authors

Andrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

Rachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Editor

Anna Swartz is a senior managing editor who specializes in home, auto, renters, and disability insurance at Policygenius. Previously, she was a senior staff writer at Mic and a writer at The Dodo. Her work has also appeared in Salon, HuffPost, MSN, AOL, and Heeb.

Expert reviewer

Kristi Sullivan, CFP®, is a certified financial planner and a member of the Financial Review Council at Policygenius. Previously, she was a regional consultant at Fidelity Investments for nine years.

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