State Farm offers the best rates for minimum and full coverage for teens, young adults, members of the military, and drivers with speeding tickets and sports cars. Allstate is the cheapest insurer for drivers with low credit scores. For older drivers, the Texas Farm Bureau Group is the cheapest. We determined that the following providers have the best car insurance with affordable rates for older drivers.
Depending on the course and the insurance company, a certificate may be sent to your insurance company automatically or you may have to send it to them by email or postal mail yourself. The minimum age for obtaining a government-mandated insurance discount varies by state and ranges from 50 to 65 years. Comparing prices and making sure you get all the discounts you qualify for are two of the best ways to get the best price on car insurance for a senior driver.
Car insurancecompanies consider age when calculating rates because some age groups are more likely to have accidents and file claims than others.
Courses for adult drivers are generally inexpensive compared to the long-term insurance savings they can generate. In general, insurance premiums tend to increase as drivers age and move out of the middle age category. Insurers also have supplemental policies that cover other costs related to owning and driving a car, many of which may be useful for older drivers. Even though the cost of car coverage tends to increase after retirement age, you can still find affordable auto insurance for seniors with quality coverage.
Regardless of age, it's always smart to compare prices by consulting the quotes of several insurers. No company will have the cheapest rates for all older drivers, so the best thing you can do to find the cheapest car insurance for seniors is to compare free quotes from providers. The final result was an overall rating for each provider, with the insurers that scored the most points at the top of the list. Discounts of 5 to 15% on car insurance are offered to people over 50 to 65 years old who belong to affiliated groups, who attend approved driver education courses, or who drive fewer miles.
We found the cheapest coverage for seniors with USAA, Geico, Nationwide, State Farm and Travelers. Like most insurance companies, State Farm doesn't offer a senior discount that automatically reduces rates for all older drivers.