What are the best companies for seniors?
Almost all auto insurance companies will write policies for seniors, and most of them offer some type of senior discount. Overall, seniors prefer car insurance carriers with spectacular customer service, and are willing to pay more to get it.
According to carsdirect.com, insurance companies that offer slight discounts to seniors when they turn 60 include Direct Insurance, Esurance, and Safeco Insurance. Travelers Insurance, on the other hand, slightly increases rates for drivers who turn 60.
Here’s a list of eight major car insurance companies that have special deals and discounts on senior car insurance. Visit any of the following car insurance company websites to obtain senior car insurance quotes:
21st Century Insurance: This senior car insurance provider offers a discount of five percent to drivers over the age of 55. The website also offers tips and advice on finding affordable auto insurance for seniors.
Acceptance Insurance: Acceptance is a leader in car insurance policies for seniors and other “non standard” drivers. It may be worth your time to compare the auto insurance premium rates from Acceptance with the rates of other senior car insurance carriers.
Acceptance Insurance is only available in the following 17 states: Alabama, Arizona, California, Florida, Georgia, Illinois, Indiana, Mississippi, Missouri, Nevada, New Mexico, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.
Allstate Insurance: Allstate has a “Senior Adult” discount for retired people who are at least 55 years old and not actively looking for full time work. This discount can save senior drivers up to 10 percent on monthly or yearly premium rates. For even bigger savings for seniors, Allstate also offers a Safe Driver discount, an Early Signing discount, a New Car discount, an Anti-Lock Brake discount, a Passive Restraint discount, an Anti Theft device discount, a Deductible Rewards discount, and a Multiple Policy discount, among others.
Geico: Geico offers discounts for drivers with memberships to any of a long list of clubs. Some of these clubs may entice seniors, such as the National Active and Retired Federal Employees Association, among others. Seniors who belong to any of Geico’s affiliated clubs can receive discounts on senior car insurance.
Liberty Mutual Insurance: Liberty Mutual offers a “Newly Retired” discount for people who are retired, regardless of age. This discount can save senior drivers up to 10 percent on monthly or yearly premium rates for senior car insurance.
Nationwide Insurance: Nationwide offers the lowest rate increase between age 80 and age 90, with an annual difference of only about forty dollars. Other auto insurance companies, such as Allstate and MetLife, will raise the rates on senior car insurance as much as $300 a year when a senior turns 90.
State Farm Insurance: State Farm, like Allstate, offers a senior car insurance discount for older drivers who complete a defensive driving class. State Farm also offers numerous other discounts that could apply to older drivers. For instance, seniors can be eligible for the Low Mileage discount for driving less than 15,000 miles a year, the Safety Feature Discount for driving a car with automatic seat belts and/or dual airbags, and the Safe Driver Discount for drivers who avoid accidents and moving violations for at least three years.
The Hartford: The Hartford provides affordable and competitive auto insurance policies to AARP members. It’s called the AARP Auto Insurance Program. The Hartford insures younger people too, but AARP members who are 50 and older get a special discount on The Hartford Insurance. The AARP discount is the best deal for senior drivers, who can save more than $400 a year on auto insurance. An AARP membership cost less than $20 a year. The Hartford also features a handy 24/7 claims hotline.