What is the best auto insurance company for the elderly?
Asked by: Audra Gottlieb | Last update: October 25, 2025Score: 4.8/5 (65 votes)
- State Farm - Most affordable.
- Allstate - Best bundling.
- USAA - Best for military personnel and veterans.
- AARP from The Hartford - Best membership benefits.
- Travelers - Best customizable packages.
Who has the best car insurance for seniors?
Top insurance companies offering senior discounts include State Farm, Geico, The Hartford, Allstate, USAA, Progressive, Nationwide, Liberty Mutual, Farmers Insurance, and Travelers. Each company offers unique benefits and discounts tailored to senior drivers.
What is the best insurance company for older cars?
- Best for availability: American Collectors.
- Best for restored vehicles: Hagerty.
- Best for regular use: Safeco.
- Best for immediate coverage: Grundy.
- Best for high-value vehicles: Chubb.
Does car insurance go down when you turn 65?
When you turn 65, you may pay more or less for car insurance, depending on where you live and which insurance company you use. In many cases, as long as you have a good driving record, your insurance premium may end up decreasing when you turn 65.
Does auto insurance go up after age 80?
That said, based on Progressive's data on how age impact insurance rates, car insurance for seniors typically only starts increasing at age 75+. Even then, the average 75+ premium is still lower than premiums for the 45–49 range.
Best Car Insurance For Seniors 🇺🇸 | [Top 5] Senior's Car Insurance Companies
When you turn 65 What insurance do you need?
Medicare is health insurance for people 65 or older.
What insurance should I get at age 65?
Medicare. Medicare is a federally funded insurance program for eligible participants 65 or over. Medicare has two parts, Part A (Hospital Insurance) and Part B (Medical Insurance).
How much is insurance for 70 year old?
How much does life insurance for seniors cost? A 10-year, $500,000 term life insurance policy for healthy, 70-year-old nonsmokers costs an average of $351 per month for men and $233 per month for women. Whole life insurance can be much more to account for lifelong coverage and cash value.
Why is car insurance cheaper for older people?
Generally, studies show that senior drivers are relatively safe behind the wheel, driving fewer miles and modifying their driving habits in poor driving conditions. These safe driving behaviors can qualify them for car insurance discounts for seniors.
Do you pay more insurance for older cars?
Do older cars cost more to insure? Your rates for comprehensive coverage or collision coverage on an older vehicle may be lower than what you'd pay for those same coverages on a newer car that's worth more. That's because you'd have less coverage (lower "coverage limits") on an older car.
What age has the highest car insurance?
The Insurance Institute for Highway Safety reports that teen drivers are four times more likely to get into a car crash than drivers 20 and older. As a result, car insurance companies view young drivers as the most risky to insure. Drivers ages 16 to 24 tend to face the highest premiums compared to other age groups.
Does Allstate insurance give senior discounts?
The age you need to be to qualify for the Allstate mature driver discount can vary by state. In California, you need to be at least 55 years old, but 99% of California drivers 55 and older are eligible to take advantage of the program.
What is the best type of insurance for seniors?
Term life insurance is a great option for seniors if you have an idea of how long you may desire to have coverage for because you can choose the specific length of your plan. Typically, term life insurance plans can be 10, 20, or 30 years long.
At what age do you get 100% of your social security?
For anyone born 1960 or later, full retirement benefits are payable at age 67.
What age is insurance cheapest?
Does car insurance become cheaper when you turn 25? On average, drivers will see their premiums begin to fall around age 25. This reflects the lower risk posed by drivers in their mid-20s as they gain driving experience and maturity, compared to a 17-year-old who has just passed their test.
Who is the most trustworthy insurance company?
State Farm is a three-time Bankrate Award winner for Best Term Life Insurer in 2022, 2023 and 2024, thanks to its top-notch customer service and accessibility tools. As one of the top life insurance companies, State Farm also received the highest customer satisfaction score from J.D. Power.
What is the most trusted car insurance company?
Amica and USAA tied in Bankrate's analysis as the two best auto insurance companies overall. Geico ranks as the best car insurance company for high-risk drivers. Nationwide and Liberty Mutual are some of the best auto insurance companies for discounts and bundling.
Which auto insurance company has the best claims service?
USAA tops our rating of the best car insurance companies, and is at or near the top in all of the subcategories we looked at. It was No. 1 for customer service and claims handling, and also No. 1 in our best for seniors and best for discounts subcategories.
Does car insurance go down after 65?
According to Progressive data analysis of customer policies, car insurance rates drop in your 50s and 60s before increasing at about age 75. For example, premiums for policyholders ages 55 through 64 dropped 10% but increased 4% for those over 75.
Does everyone have to pay $170 a month for Medicare?
Most people pay no premiums for Part A. For Medicare Part B in 2025, most beneficiaries will pay $185 per month. Certain factors may require you to pay more or less than the standard Medicare Part B premium in 2025.
What is covered when you turn 65 in Canada?
Old Age Security (OAS)
The Old Age Security program, the cornerstone of Canada's retirement income system, provides you with a modest pension at age 65 if you have lived in Canada for at least 10 years. If you are a low-income senior, you may be eligible for other benefits as early as age 60.
What is the best car insurance for seniors?
State Farm is our top pick for auto and home insurance for seniors, thanks to their affordable plans and excellent customer service.
At what age does car insurance stop being expensive?
States Where Age Does Not Affect Rates
In the following states, insurance companies cannot take age into account when calculating insurance premiums: California.