Best Auto Insurance for Seniors in #current_yer

Car insurance needs and driving habits often change as drivers grow older. For example, transitioning to retirement means fewer miles driven, especially if you used to commute in heavy traffic daily. 

These common changes affect coverage needs, and senior drivers should adjust their insurance accordingly to maintain cheap auto insurance rates. Since older drivers may see slight increases in their rates, shopping around for discount car insurance for seniors is important. 

Make sure you get the most out of your auto insurance policy and receive the best rate possible on seniors’ car insurance. Read on to learn more about the best car insurance for seniors. 

Cheapest Auto Insurance Companies for Seniors 

Senior drivers often face increased rates due to their higher risk of being in a crash. Declining vision, decreased reaction time, medication side effects, and more can all impact a senior driver’s risk of crashing and filing a claim. To offset that risk, most car insurance companies will increase insurance rates for drivers as they age. 

However, picking one of the best auto insurance companies with cheaper rates for senior drivers can help keep your car insurance rates low. Scroll down to see how average auto insurance rates for senior drivers vary among insurance companies. 

What is the cheapest car insurance for seniors? Geico auto isnurance is one of the top choices for car insurance for seniors over 60, with the cheapest average rates for senior drivers. State Farm, Travelers, and Progressive also offer reasonable average rates for seniors.

We recommend getting quotes from a few different insurance companies on this list, as rates can vary based on your personalized driving profile and coverage needs. However, these companies are a good starting point when searching for cheap senior car insurance. 

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How to Save on Senior Auto Insurance Rates

While companies may increase rates as drivers age, you can continue saving on car insurance for senior citizens by following our tips below. We’ve outlined the best auto insurance discounts and other ways to save on car insurance for senior drivers. 

Bundle Your Insurance Policies 

One way to save money is by bundling insurance policies. Buying more than just car insurance from one company can save you money. For example, if your car insurance company offers more than one type of insurance, you can bundle your auto policy with home, renters, or condo insurance. Depending on where you shop, you may also be able to bundle auto insurance with motorcycle, RV, boat, life, or health insurance. 

Just consider the cost of the other types of insurance from your auto insurance company. Your insurance company may have cheap senior citizen auto insurance but expensive home insurance, making it more cost-effective to purchase home insurance elsewhere even after the bundling discount.  

Choose Cheaper Cars 

Some cars are significantly cheaper to insure. The cheapest cars to insure will have low repair costs and affordable replacement parts. Vehicles with great safety features that prevent crashes and protect passengers in crashes also come with lower auto insurance rates.

If you’re ready to swap out your car for a new one, get quotes for the vehicles you are considering. Doing so will help you find the most economical car to insure. 

Complete a Defensive Driving Course 

Some insurance companies offer seniors a defensive driving auto insurance discount. A pre-approved defensive driving course may be offered by the insurance company or through a third party, such as AAA. 

Defensive driving classes must be successfully completed with a passing grade in order to receive the discount. The courses teach valuable information on safe driving techniques and habits, such as how medications may affect a senior’s driving ability. 

Consider Pay-Per-Mile Insurance 

If you find yourself driving less than 13,000 miles a year, it can be worth looking into pay-per-mile or pay-per-use auto insurance. With pay-per-mile insurance, you pay a daily set rate of a few dollars per day and then a few cents per mile driven. Pay-per-mile insurance could offer significant savings if you only make a few trips a week. 

If you don’t want to switch to pay-per-mile car insurance, you may still get a discount for driving less. Contact your insurance company and tell them about your new reduced mileage to see if they offer a low-mileage discount. After all, the less you are on the road, the less likely it is that you will get into a crash and file a claim. 

Drop Non-Essential Insurance Coverage 

You can drop non-essential insurance coverages to reduce your insurance rates. For example, if you have rental car insurance but no longer drive much, you probably won’t need a rental car if your car needs to be repaired. You could also drop coverages like roadside assistance if your car is in good condition and you aren’t traveling long distances from home. 

If your vehicle is older, you may also want to drop collision and comprehensive coverage if the annual cost is worth about 10% of your car’s total value. Otherwise, you may end up paying more for collision and comprehensive coverages than you would receive in an insurance claim payout. 

Install Anti-Theft Devices 

One way to reduce your car insurance costs for comprehensive insurance is to install anti-theft devices. Most insurance companies offer discounts for anti-theft devices, as it helps lessen the likelihood of a car being broken into or stolen. 

Some common anti-theft devices would be GPS trackers, vehicle identification number (VIN) etching, vehicle recovery devices, and more. 

Keep in mind that the anti-theft device discount usually only applies to your comprehensive insurance coverage. Because comprehensive insurance covers car theft and vandalism, anti-theft devices only reduce your risk of filing a comprehensive claim. If you don’t carry comprehensive coverage, then anti-theft devices may not reduce your monthly insurance rates.

Raise Your Auto Insurance Deductible 

Your car insurance deductible is the amount you agree to pay out-of-pocket for repairs on a covered claim. According to the Insurance Information Institute III, raising your insurance deductible on some or all of your insurance coverages can reduce your auto insurance rates. This is because you assume more financial responsibility after a crash by agreeing to pay the higher deductible amount. 

However, you should only raise your deductible if you can afford to pay the higher out-of-pocket amount. Otherwise, you may be unable to afford to get your car fixed after a covered claim. 

For example, if you raise your deductible to $2,000 and your car needs $5,000 worth of repairs, your car insurance company will only give you $3,000. Unless you have $2,000 saved up, you won’t be able to get your car repaired until you can pay your deductible. 

Shop Around for Auto Insurance Quotes 

We’ve saved our best tip for last — the best way to save on car insurance for senior drivers is by shopping around for quotes from different auto insurance companies. 

Because your insurance rates and needs change over time, getting quotes once or twice a year will ensure you are still getting the cheapest rates based on your individual needs. You can use an insurance broker, a free online quote comparison tool, or apply for quotes directly from an insurance company’s website to get multiple insurance quotes. 

The Final Word on The Best Auto Insurance For Seniors 

Finding the best car insurance for senior drivers requires shopping around and comparing rates, as well as considering a senior driver’s new coverage needs and driving habits. Senior drivers can take advantage of senior car insurance discounts like defensive driving discounts, low-mileage discounts, insurance bundling, and more to save on auto insurance. 

If you are a senior driver looking to reduce your insurance rates, start by comparing online quotes for auto insurance for seniors. Use our free quote comparison tool below to find the best auto insurance for seniors from companies in your area.  

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