Find the best rates on car insurance for senior citizens.
In order to analyze cheap car insurance for seniors (for people 55 and over), we examined some of the top insurance companies across the US with a consistent user profile across all coverage metrics:
Next, we set our fictitious user's location, collecting an average of 10 randomly selected US zip codes:
We examined rates from five popular companies: GEICO, State Farm, Allstate, Hartford, and Progressive. We used those guidelines to dive into the nitty-gritty data to answer the question: what is the cheapest car insurance for seniors?
|Zip Code||GEICO||Progressive||State Farm||Allstate||The Hartford|
|Saint Albans, NY||$855||$1,295||$2,117||$1,007||$6,875|
Famous for the phrase, “15 minutes can save you 15% or more on car insurance,” GEICO had the cheapest car insurance rates for seniors across all zip codes. GEICO’s rates, like most of the companies examined, follow the general trend of auto insurance in the US. Ohio, where insurance is typically the cheapest, is hundreds of dollars less than the other zip codes. Moreover, New York is considerably expensive and is the 13th most expensive state for auto insurance in the US.
|Zip Code||GEICO car insurance costs for seniors|
|Saint Albans, NY||$855|
|Klamath Falls, OR||$409|
Like GEICO’s gecko, Progressive’s Flo is what most people will recognize about the company. Looking at Progressive's rates, it’s not hard to see why the company is so popular. While not as cheap as GEICO, Progressive is the second cheapest option of the five companies surveyed for seniors, with an average rate of $618. One of Progressive's selling points is its SnapShot program. Using a plug-in telematics device, SnapShot offers usage-based insurance, altering your rates based on your driving behaviors and mileage.
|Zip code||Progressive car insurance rates for seniors|
|Saint Albans, NY||$1,295|
|Klamath Falls, OR||$543|
Founded in 1931, Allstate's user satisfaction and claims ratings are good. But that level of service comes at a cost. Allstate is the third cheapest insurance company for seniors. While Allstate does offer some unique discounts for home-and-auto insurance bundling, we didn't include this in our study of senior auto insurance rates. However, if you have an Allstate homeowners policy and would like to bundle your auto, consider Early Signing and Allstate eSmart programs as ways to save. These selections could lower your car insurance quote by $85!
|Zip code||Allstate car insurance premiums for seniors|
|Saint Albans, NY||$1,007|
|Klamath Falls, OR||$958|
State Farm is the most popular insurance company in the US, and, depending on your location, State Farm can be one of the most affordable options. State Farm’s most expensive states, Florida and New York, follow national insurance pricing trends. These states, because of myriad details — insurance laws, driver population, and weather trends — tend to have higher premiums. So, if you're a senior driver in these states, you might want to start with cheaper options like GEICO or Progressive before considering senior auto insurance with State Farm.
|Zip code||State Farm senior auto insurance rates|
|Saint Albans, NY||$2,117|
|Klamath Falls, OR||$822|
The Hartford is a unique insurance company, as it's specifically designed for those older than 55. The Hartford's service and claims satisfaction are very well-regarded, but that comes at a price. Of the five companies surveyed, The Hartford was the most expensive for senior drivers. The Hartford’s average senior premium in our 10 sample zip codes was more than twice as much as those of GEICO and and Progressive. Still, it's worth considering The Hartford for its senior-specific coverage options.
|Zip code||Senior car insurance rates with The Hartford|
|Saint Albans, NY||$6,875|
|Klamath Falls, OR||$888|
With all variables constant, GEICO offered the cheapest auto insurance for seniors. However, that doesn't necessarily mean GEICO will be the cheapest company for you. If you want some other ideas on how to lower your car insurance rates, see our quick tips below on how to save.
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