Best Auto Insurance Companies for Seniors in 2022
Are you a senior looking for affordable auto insurance? The best auto insurance companies for senior citizens tend to offer low rates, great discounts, or usage-based insurance so you never pay for more than what you need. Drivers of retirement age can find excellent insurance companies online and compare multiple quotes for free in order to find the best insurance policy. If you need low auto insurance rates, the best auto insurance companies for senior citizens can help.
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UPDATED: Jan 30, 2022
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- Drivers of retirement age can find great insurance companies online
- Senior drivers can take advantage of generous discounts
- Drivers that don’t travel very often can save money on their rates
Retirement should be a time of leisure and relaxation, a time to spend on hobbies and go on the adventures that you always dreamed about. The days of your retirement shouldn’t involve you worrying over your auto insurance policy rates and coverage, but with so many insurance companies to choose from, deciphering which one is best for your specific needs can seem utterly bewildering.
While there’s no senior auto insurance helpline, you don’t have to be anxious when you shop for auto insurance. If you’re of retirement age and need affordable auto insurance, the best auto insurance companies for senior citizens are easier to find than you may think. As long as you have access to the internet, you can find insurance companies that offer discounts for seniors, low rates, and even companies that provide coverage for classic vehicles.
And if you want to start receiving auto insurance quotes now, the best auto insurance companies allow you to get free quotes whenever your schedule allows.
Enter your ZIP code to get free insurance quotes from auto insurance companies right away.
Which are the best auto insurance companies for senior drivers?
Auto insurance for seniors over 80 is as easy to find as it would be for a driver in their 30s. Insurance companies can’t deny you coverage simply because of your age, and when it comes to auto insurance rates, the best auto insurance companies for senior citizens know that more experience on the road leads to safer driving, so you may not have to pay too much for your insurance coverage.
Your age could actually earn you a few discounts too, so if you want to find the best car insurance for drivers 50 years and over, look no further than these five companies:
- The Hartford
If you’re on the hunt for a new auto insurance company, the best auto insurance companies for senior citizens are on this list. Let’s take a closer look at each of them so you can see what sets these companies apart from the competition.
Your insurance shouldn’t be a drain on your finances — especially if you are on a fixed income. With GEICO, you could get low rates and use your resources to fund your passions. This company has an A++ rating from A.M. Best and has a program, the Prime Time Contract, that specifically caters to drivers who are over 50 years old.
To be eligible for this program, which offers a guaranteed renewal of your policy, you must meet certain criteria. You must not:
- Use your car for any commercial purpose
- Have a driver under 25 years old on your policy
- Have an accident on your record for at least three years
GEICO also offers a wide range of discounts that could benefit you. For example, if you have your car equipped with certain safety features, you could save up to 25% on your insurance rates.
Unfortunately, the Prime Time Contract is only available to drivers who live in Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Nebraska, New Mexico, North Dakota, Ohio, Oregon, South Carolina, Tennessee, Utah, Virginia, Washington, West Virginia, or Wisconsin.
The Hartford has an A+ from A.M. Best and offers the AARP auto insurance program that is designed specifically for older drivers. Because of this, there are discounts that could be highly beneficial to you. For instance, if you have a home, renters, or condo policy, you could bundle that with your auto insurance and save as much as 20% on your insurance.
There is also a discount available for drivers who pay for an entire policy period upfront. Like with GEICO, you can get a discount if your car comes with safety features. The Hartford also rewards drivers who invest in environmentally conscious cars, like hybrids or all-electric vehicles.
Not only does Allstate have an A+ rating from A.M. Best, but this company is available throughout the United States. Allstate also values its older clientele. In fact, policyholders over 55 years old could get a discount if they are retired or work a part-time job.
If you are looking to become a Lyft or Uber driver during retirement to fill the time and earn some extra cash, Allstate can offer you coverage to keep you protected while you take your passengers from place to place. You can also keep your rates low by taking advantage of Allstate’s Drivewise program, safe driving bonus, and any of the many other discounts this company offers, like its multi-car discount.
Maybe the best part of retirement for you is staying in and having a lovely night at home reading or having family come to visit you. If this is the case, you’ve most likely cut down dramatically on your driving, and Metromile could be your key to getting cheaper car insurance rates.
Although Metromile doesn’t have a rating from A.M. Best, it does offer innovative car insurance that helps drivers who don’t drive frequently save money. Metromile isn’t like most traditional insurance companies. It offers a base rate and a per-mile charge based on your driving.
But that’s not all that Metromile has to offer. You can also get:
- Rental reimbursement
- Roadside assistance
- Pet injury protection
- No-deductible glass repair
Metromile doesn’t have many discounts to offer its drivers. But this is because rates tend to be very low, and your per-day charge is capped at 250 miles so you don’t have to worry about paying a horrendously large fee if you need to take the occasional long trip.
If you live in New Jersey, you will have your per-day charge capped at 150 miles. You must also be aware that Metromile is not available to drivers who live outside of Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia, and Washington.
Now that you’ve retired, it’s time to buy the classic car of your dreams, and Hagerty, an “A” rated company by A.M. Best, can help you protect it.
Hagerty is an insurance company that is built to protect classic, antique, and exotic vehicles. To help you get the coverage you need, Hagerty offers guaranteed value coverage. This means that if your vehicle was in an accident and determined to be totaled, you would be able to receive the vehicle’s agreed-upon insured value in full.
You can also have spare parts coverage so you can get the parts you need to keep your vehicle running smoothly. Not only that, but Hagerty can provide you with roadside assistance. Now, bear in mind, since Hagerty is a specialized insurance company, it requires that any covered vehicles not be driven every day and that those vehicles be kept in a garage or storage unit until the next time you take them out for a spin.
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Auto Insurance for Seniors: What You Need to Know
Don’t waste your retirement fretting over how to find the right insurance company for your needs.
When you decide to buy auto insurance, the best auto insurance companies for senior citizens to consider purchasing a policy from are GEICO, The Hartford, Allstate, Metromile, and Hagerty. Each insurance company has its unique attributes, so when you shop online for insurance, be sure to get at least five quotes. This strategy will allow you to compare policies and find the best one for you.
If you can’t wait to find the best auto insurance company for you, enter your ZIP code and get free quotes today.
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