What is the best insurance company for seniors?
Asked by: Austyn Von | Last update: July 29, 2025Score: 4.5/5 (8 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.
What is the most reasonable homeowners insurance for seniors?
Cheapest homeowners insurance for seniors
According to our research, Erie and Auto-Owners are the cheapest home insurance companies in the country for most people, including seniors. The national average cost of an Erie home insurance policy is $1,284 per year, while Auto-Owners' average policy is $1,406 per year.
What insurance company does AARP recommend?
AARP® Homeowners Insurance Program from The Hartford
Plus, you could save up to 20% when you bundle your home and auto policies. No-cost, no-obligation quotes are available.
What insurance does Suze Orman recommend?
One of my key life insurance rules is this: Stick with term life insurance. Unless you have someone in your family with special needs, there is typically no need to buy whole life, or universal life, which are referred to as “permanent” policies and cost a lot more.
What insurances are not recommended?
- Private Mortgage Insurance. ...
- Extended Warranties. ...
- Automobile Collision Insurance. ...
- Rental Car Insurance. ...
- Car Rental Damage Insurance. ...
- Flight Insurance. ...
- Water Line Coverage. ...
- Life Insurance for Children.
Best Car Insurance For Seniors 🇺🇸 | [Top 5] Senior's Car Insurance Companies
Who is the most trusted insurance company?
- Best for customer satisfaction: Erie Insurance.
- Best for seniors: Nationwide.
- Best for liability insurance: Auto-Owners.
- Best for claims filing : State Farm.
- Best for bundling: American Family.
- Best for accident forgiveness: Progressive.
- Best for military members and veterans: USAA.
Is AARP cheaper than State Farm?
State Farm is the cheapest option overall, with an average monthly rate of $54 for liability coverage. The Hartford has an average monthly rate of $93 for drivers with an AARP membership. But this is just the national average for each insurer.
Who has the cheapest car insurance for senior citizens?
Nationwide — the most affordable company for seniors
At $77 a month, Nationwide is the cheapest car insurance company for drivers in their 60s and can cover all of your bases when it comes to coverage. The company offers some coverage add-ons that can provide more protection beyond a basic policy: Roadside assistance.
How much is AARP insurance a month?
The average cost of AARP auto insurance is $1,332 per 12-month policy — or approximately $111 per month (methodology). AARP members receive discounted car insurance through The Hartford, a company providing auto insurance for drivers older than 50.
Which homeowners insurance has highest customer satisfaction?
Amica, AIG and Erie Insurance are the best homeowners insurance companies for claims satisfaction, according to J.D. Power's 2024 Property Claims Satisfaction Study.
Can seniors get a discount on home insurance?
Some insurance companies may offer a senior citizens discount on insurance policies. According to Bankrate's research, The Hartford, Erie and Allstate could offer extra savings for retirees.
What does $9.95 a month get you with Colonial Penn?
What does Colonial Penn provide for $9.95 a month? Colonial Penn provides burial insurance coverage for $9.95 a month. This policy guarantees coverage for funeral expenses as long as premiums are paid.
What is the cheapest homeowners insurance for seniors?
To help get you started, here are some of the cheapest home insurance companies available, potential discounts, and other ways to save as a senior homeowner. Allstate, State Farm, and Travelers are some of the cheapest home insurance companies for seniors.
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.
Does your car insurance go up when you turn 65?
So overall, barring no other changes, your car insurance rate may continue decreasing throughout your 50s and 60s, and it may increase starting around age 75.
Does AARP lower your car insurance?
This includes new car replacement,§§ a 24/7 car insurance claims hotline and additional coverages to help protect you and your car while you're on the road. Affordability: AARP members can qualify to save on car insurance up to 10% just for being an AARP member.
Who has the best car insurance rates for seniors?
GEICO is our pick for the cheapest car insurance for seniors with low premiums and numerous discounts to boot. If you're over 50, you may qualify for senior discounts if you take a defensive driving course or insure multiple vehicles.
Who is cheaper Allstate or State Farm?
State Farm offers cheaper rates on auto and home insurance than Allstate. State Farm also has higher customer service ratings. However, Allstate offers a few home and car insurance coverages that State Farm doesn't have.
Is AARP a good insurance for seniors?
Its life insurance offerings are a solid pick for older consumers, especially those looking to avoid a medical exam. The AARP advocates for seniors and has more than 37 million members. Anyone 18 or over can join, but life insurance availability is limited to members 50 or older, plus eligible spouses.
Who is cheaper, Geico or Progressive?
GEICO is cheaper and has better ratings than Progressive. Your experience with GEICO and Progressive will vary based on individual rating factors.
Who normally has the cheapest car insurance?
Geico, Nationwide and Travelers are among the least expensive for car insurance. Americans are paying a lot for car insurance these days: Average annual rates for a full coverage policy are up to $2,638 per year, while minimum coverage averages $767 per year.