Find the Best Senior Car Insurance
Penalized for becoming a senior? Find out which car insurance companies reward you for your senior status with these incredible offers.Seniors who have been driving carefully for years often find insurance companies willing to reward their safe behavior. On the other hand, auto insurance rates can climb the more senior you become, which sounds unfair, especially if you have many years of experience behind the wheel. There are a number of auto insurance providers offering benefits, such as discounts, to drivers over the age of 50 with safe driving records.
Car Insurance Discounts for Mature Drivers
There are different ways car insurance agencies offer benefits to safe drivers, including the use of driving apps which track your behavior behind the wheel.
Some companies might offer you a discount if you are willing to take an online refresher course. Do you have a newer car with technology making it safer to drive? If so, some insurance agencies will reward this too.
Keep reading for some of the best companies offering benefits such as discounts to safe drivers over the age of 50, plus a few tips to find the very best rates for you.
Best Car Insurance Companies for Senior Drivers
Amica Insurance Company
This agency offers a “SafetyServe” program for senior motorists seeking discounts on their monthly premiums. Amica is not a huge corporation like Allstate but they do have very high customer satisfaction ratings. This company also offers “FullPay” discounts if you pay your yearly premium in full, or if you have more than one account with the agency.
AARP/Hartford Insurance Company
Are you a member of the AARP (American Association of Retired Persons)? If so, you will qualify for an auto insurance discount via Hartford Insurance. The policy is specially designed for those in their 50s and over, and specifically addresses their concerns. Hartford Insurance offers comprehensive insurance, and their monthly premiums are lower than average in terms of price.
Geico Insurance Company
Geico’s cheaper than average premiums and senior discounts make it a popular choice for safe senior motorists. Senior drivers are offered bundle discounts, military discounts and another discount if you agree to do a defensive driving course online. Safe driving programs and accident forgiveness are more reasons mature drivers like more about Geico than just the gecko commercial.
State Farm Insurance Company
The “Drive Safe and Save” program offered by this auto insurance agency can offer up to 50% savings on insurance. To qualify, install their driving app and then plug or place the device into your vehicle. Increase your savings further by doing a defensive driving course. Members who have other policies with State Farm can also be eligible for a “bundle” discount.
Allstate Insurance Company
This agency offers various ways to save your hard-earned cash. You can also bundle or double up on these discounts. If, for example, you have anti-lock brakes or an anti-theft device installed on your car, this qualifies you for a discount. Do you have another policy with this agency, such as home insurance? If so, you qualify for a bundle discount. Those with an excellent payment record and no cancellation notices can also qualify for a ‘Responsible Payer’ discount. In addition, there are FullPay, new car and safe driving club discounts available.
USAA Insurance Company
USAA offers very low premiums for those who currently serve, or served, in the US military. Switching from another company over to USAA might save you almost $700 per year, according to USAA. Mature drivers who agree to do a defensive driving class or have a good driving record for at least five years can get a minimum of 10% off their payments. Another 10% discount can apply if you have homeowners’ or another policy with this company.
Farmers Insurance Group
Seniors looking for the best discount programs can save money by choosing Farmers. Discounts are available if you have multiple policies with this insurer or if you agree to a defensive driving course. Automatic payments, paying for the whole year at once or switching to Farmers from another provider can score you further discounts. If more than one of those apply, it is possible to get up to 30% discount on your premiums.
Tips to Find the Best Mature Drivers’ Auto Insurance
The monthly cost of car insurance depends on various factors. Many people do not realize these factors are negotiable and the price quoted does not have to be the cost of the policy. Knowing how to ask the right questions means you have a better chance of getting more discounts. Each insurance company is owned and operated independently, so negotiation is always possible. The following five questions help you determine what you actually need from a car insurance policy:
- Are you a safe driver with no tickets, accidents or infractions, or very few? This means you might be able to qualify for better savings. Take a look at your state’s car insurance minimum to find out more.
- Would you consider higher limits on your policy? If you are willing to do this, it can help protect your assets in case you get sued for an accident which was your fault.
- Do you live in a high risk part of the country? If the answer is yes, consider a better policy which covers damage and theft.
- Are you paying for unnecessary coverage? Driving an older make and model of car means you might just require a ‘liability only’ policy.
- How much do you drive? If you seldom drive or only take short trips, you might want to raise the deductible to lower the monthly premium.
The best way to discover the best senior car insurance options is to get quotes from multiple agencies, telling each one you are doing this so they offer a competitive quote. If you have two or more cars then you do not need rental car reimbursement coverage. The policy should be 100/300/100 coverage for liability for most senior drivers. This means you are covered for $300k for property damage, $100k for bodily injury to someone else and $100k for an uninsured driver.
