State Farm doesn't offer any specific discounts for seniors, which company offers the best. USAA is a great car insurance option for seniors, as the company offers a wide range of discounts and coverage options. However, the USAA is only available to retired veterans, active duty members of the military, and their families. State Farm offers the best overall car insurance for most seniors, and the company with the cheapest rates for seniors is Geico.
To serve mature drivers, some auto insurance providers offer specific discounts for seniors. These include GEICO, Progressive, Allstate, and Farm Bureau. Most of these companies require a safe driving course certificate, which can be difficult if you have a limited budget. Check with the state where you live to find out if discounted auto insurance for seniors is an automatic process or if a class must be completed to qualify.
Groups such as AARP and AAA can offer classes online, while other insurers require the driver to take classes in person. In addition, some states allow discounts for seniors if drivers have completed a driver training course. These include things like the lack of need for a rental car in case your vehicle breaks down because you no longer commute to work. This is usually granted to people between 45 and 55 years old, but it will depend on the insurance provider.
For example, 75-year-old drivers pay 13% more than 65-year-old drivers for full-coverage car insurance, while 85-year-old drivers pay 44% more, on average. Then, the publishers of WalletHub ranked companies by total points to determine the best car insurance for seniors. While it's true that drivers over 55 can get a discount on their car insurance, there are certain conditions that apply. It may also not be necessary to have interim insurance if your car loan is paid off or if the balance is minimal.
Most insurers offer discounts when you change your driving status from going to work to driving strictly for pleasure. Geico also offers discounts for seniors and has strong customer service, making it a good choice for seniors looking for the best car insurance overall. However, retirees who no longer commute to work can save money on their car insurance by taking advantage of low mileage discounts or by switching to a pay-per-mile insurance plan. Rates vary depending on your driving history, where you live, the car you drive and the coverage options you choose, so it's important to seek quotes from several insurance companies.
Drivers age 50 and older can receive a discount on government-mandated auto insurance for seniors if they take a defensive driving course in participating states. In addition to AAA's well-known roadside assistance program, they also offer great auto insurance policies. Statistics show that older drivers are more likely than middle-aged drivers to be seriously injured in car accidents. This means that regardless of your safe driving record, you may have to compare quotes to find more affordable car insurance rates every time you overcome one of these milestones.