Cheap car insurance for seniors: costs and businesses (2022)


*Numerical ratings in this table are based on vendor performance in our overall study. The ranking of providers, however, is based on how well providers serve older drivers.

#1 Geico: Editor’s Choice

Availablity: All 50 states
AM Highest rating: A++
BBB rating: A+
Note from JD Power: 853/1000

Geico regularly offers some of the cheapest auto insurance for seniors. The insurer won our Editor’s Choice award due to its top performance across all categories in our industry-wide study.

Geico is also one of many that offers specific auto insurance for senior drivers. Geico’s Prime Time program is available to select drivers over 50. Essentially, this program ensures that your policy can be renewed.

Keep Reading: Geico Insurance Review

#2 USAA: Low fares for the military

Availablity: All 50 states
AM Highest rating: A++
BBB rating: A+
Note from JD Power: 875/1000

The USAA may be the first place you want to look for cheap car insurance for seniors, but only if you qualify. The company’s coverage and affordable rates are only available to military members and their families.

If you qualify, however, you can expect to find some of the best senior driver rates with USAA. The company consistently scores at or near the top in insurance studies and has a wide selection of insurance products to choose from.

Keep Reading: USAA Insurance Review

#3 State Farm: most popular supplier

Availablity: 48 states
AM Highest rating: A++
BBB rating: A
Note from JD Power: 885/1000

State Farm is the nation’s largest insurance provider, with an extensive network of local agents that suits anyone who prefers to do business in person. State Farm’s accessibility is just one example of its excellent customer service. This is evidenced by the fact that the company received the highest rating for customer satisfaction among major insurers in the JD Power study.

State Farm offers a slew of car insurance discounts in addition to its already affordable coverage for senior drivers. Insureds who enroll in a safe or defensive driving program can obtain a discount on their monthly or annual premiums. State Farm also offers a discount for staying accident-free for three years.

Keep Reading: State Farm Insurance Review

#4 Travelers: most coverage options

Availablity: 45 states
AM Highest rating: A++
BBB rating: A
Note from JD Power: 853/1000

Senior drivers looking for cheap auto insurance with plenty of choice should consider Travelers. The company has one of the largest selections of coverage options among the providers in our review.

Senior drivers who don’t own a car but often rent it while traveling may find non-owner’s insurance cheaper than insurance from the rental company. Additionally, the Traveler’s Accident Forgiveness Program could be a useful addition for drivers worried about their car insurance premiums going up.

Keep Reading: Travelers Insurance Review

#5 nationwide: Affordable option based on usage

Availablity: 50 states
AM Highest rating: A+
BBB rating: A+
Note from JD Power: 858/1000

Nationwide has relatively cheap insurance rates for seniors. Senior drivers can take advantage of the company’s usage-based SmartMiles program. People who don’t drive as much – like retirees – could pay up to 40% less for coverage, according to Nationwide.

Keep Reading: National Insurance Review


Comments are closed.