Question
What are the best car insurance companies for drivers over age 65?
I've heard that many insurance companies use age over 65 as a major factor in increasing rates, while other companies do not; which companies are the most senior-friendly?
Answer
Drivers over the age of 60 are often seen as responsible drivers by insurance companies. Because of this, they often pay $683 less per year than the average driver for car insurance. It is still important to remember that rating factors that determine premiums take many aspects into consideration, such as geographical location, driving history, and credit score, so rates will vary with each person. Check out the table below to see average insurance premiums by carrier for this age group:
| Insurance Company | Average 6-Month Rate |
|---|---|
| Allstate | $959 |
| Farmers | $692 |
| GEICO | $525 |
| Nationwide | $466 |
| State Farm | $573 |
| USAA | $544 |