Cheapest Car Insurance for Seniors 2024

While car insurance costs often rise with age, seniors can still secure affordable coverage without sacrificing quality. As seniors’ driving habits and needs evolve, especially post-retirement or with a new vehicle purchase, finding budget-friendly options becomes crucial. monequince simplifies this process by evaluating numerous carriers to identify the best car insurance companies for seniors.

Find Out Your Cheapest category >>>

Category	Company	Average Monthly Cost
Good drivers	Auto-Owners	$136
After a speeding ticket	Westfield	$167
After an accident	Auto-Owners	$179
After a DUI	Progressive	$231
If you have bad credit	Geico	$202
For Seniors	Auto-Owners	$156
For teens & young drivers	Erie	$113

Cheapest Car Insurance for Seniors Over 65-Years-Old

Cheapest Car Insurance for Seniors Over 65-Years-Old	Average Monthly Cost	Average Annual Cost
USAA	$88	$1,057
Geico	$102	$1,227
Nationwide	$105	$1,263
State Farm	$113	$1,353
Progressive	$131	$1,566

The cheapest car insurance Companies 2024

COMPANY	FORBES ADVISOR RATING FOR CHEAP CAR INSURANCE	AVERAGE ANNUAL COST FOR GOOD DRIVERS	AVERAGE MONTHLY COST FOR GOOD DRIVERS
USAA	★★★★★ 5 Star	$1,412	$118
Auto-Owners	★★★★☆ 4.5 Star	$1,628	$136
Westfield	★★★★☆ 4 .5 Star	$1,759	$147
Geico	★★★☆☆ 4.0 Star	$1,716	$143
Travelers	★★★☆☆ 4.0 Star	$1,852	$154

Based on our research, the cheapest car insurance companies for seniors include:

The cheapest car insurance companies for seniors, based on our research, include Geico, Auto-Owners, State Farm, USAA, and Erie. These companies were identified using data from Quadrant Information Services, considering factors such as average rates for a 70-year-old driver with a clean record, coverage options, discount opportunities for seniors, financial strength, and customer satisfaction ratings.

Statewise Senior Car Insurance Rates for 65-Year-Olds

To Find Your State click below arrow :

State	Average Monthly Cost	Average Annual Cost
Alabama	$119	$1,430
Alaska	$116	$1,389
Arizona	$140	$1,680
Arkansas	$121	$1,453

Click left Arrow To Find Your State :

State	Average Monthly Cost	Average Annual Cost
Alabama	$119	$1,430
Alaska	$116	$1,389
Arizona	$140	$1,680
Arkansas	$121	$1,453
California	$172	$2,058
Colorado	$149	$1,786
Connecticut	$234	$2,808
Delaware	$166	$1,996
District of Columbia	$151	$1,816
Florida	$229	$2,748
Georgia	$133	$1,601
Hawaii	$152	$1,819
Idaho	$83	$995
Illinois	$109	$1,308
Indiana	$106	$1,276
Iowa	$87	$1,049
Kansas	$109	$1,304
Kentucky	$142	$1,703
Louisiana	$244	$2,925
Maine	$75	$898
Maryland	$160	$1,915
Massachusetts	$170	$2,034
Michigan	$284	$3,409
Minnesota	$128	$1,532
Mississippi	$112	$1,342
Missouri	$130	$1,556
Montana	$143	$1,712
Nebraska	$119	$1,430
Nevada	$180	$2,160
New Hampshire	$111	$1,327
New Jersey	$158	$1,896
New Mexico	$116	$1,397
New York	$221	$2,649
North Carolina	$108	$1,297
North Dakota	$99	$1,191
Ohio	$81	$971
Oklahoma	$137	$1,649
Oregon	$107	$1,289
Pennsylvania	$139	$1,673
Rhode Island	$164	$1,969
South Carolina	$151	$1,814
South Dakota	$120	$1,434
Tennessee	$99	$1,192
Texas	$151	$1,813
Utah	$125	$1,503
Vermont	$84	$1,011
Virginia	$95	$1,134
Washington	$117	$1,402
West Virginia	$122	$1,459
Wisconsin	$94	$1,123
Wyoming	$141	$1,696

It’s worth noting that rates can vary depending on individual circumstances, so shopping around is recommended to find the best deal. Additionally, it’s important to consider that Hawaii and Massachusetts do not allow age as a rating factor for car insurance, though Massachusetts carriers may consider the number of years you’ve been licensed.

Steps to Get Senior Cheap car insurance:

1. Complete a defensive driving course: Many insurers offer discounts to seniors over 55 who finish an approved defensive driving course. This can lead to lower premiums.
2. Update your driving status: If you’re no longer commuting for work, consider switching your driving status from commuter to pleasure-driving. Insurers often charge lower rates for pleasure driving, as it typically involves less mileage.
3. Monitor your mileage: If you don’t drive much, explore pay-per-mile insurance options. With this type of coverage, you only pay based on the miles you drive, potentially resulting in significant savings if you’re a low-mileage driver.
4. Maintain a clean driving record: Avoiding accidents and traffic violations is crucial for keeping insurance costs down. A clean driving record demonstrates responsible driving behavior and reduces the risk for insurers, resulting in lower premiums.
5. Compare quotes: Don’t settle for the first insurance quote you receive. Shop around and compare quotes from multiple insurers to find the best rates. Be sure to compare the same coverage types and limits to make an accurate comparison.

Affordable Car Insurance for Drivers with Poor Credit: Top Companies :

Drivers with poor credit often face significantly higher auto insurance rates compared to those with good credit, sometimes even more than individuals with a DUI or at-fault accident on their record.

Company	Average Cost Per Year	Average Cost Per Month	Total Savings Per Year Compared To Average
Geico	$2,426	$202	$1,203 cheaper
USAA*	$2,594	$216	$1,035 cheaper
Nationwide	$2,771	$231	$858 cheaper
Westfield	$2,964	$247	$665 cheaper
Safe Auto	$3,345	$279	$284 cheaper
Average	$3,629	$302

Reason For Not Getting Auto Insurance :

1. Driving History: Your driving record significantly affects premiums. Maintaining a clean record with no accidents or violations can lead to lower rates, while incidents like speeding tickets or DUIs result in higher costs.
2. Credit Score: In many states, insurers consider credit history when setting rates. A lower credit score often correlates with higher premiums, making it essential for seniors to maintain good credit.
3. Location: Where you live impacts insurance rates. Urban areas tend to have higher premiums due to increased traffic density and higher risk of accidents compared to rural regions.
4. Vehicle: The make, model, mileage, and value of your car play a crucial role in determining premiums. Safer, more affordable vehicles typically result in lower insurance costs.
5. Coverage Options: The types and extent of coverage you choose directly influence premium amounts. Seniors should carefully review and select coverage options that meet their needs without unnecessary costs.

Our Methodology

Our approach to evaluating car insurance companies is designed to provide consumers with reliable and unbiased information. We employ a thorough rating system that considers various factors to rank insurers accurately. By collecting data from numerous providers, we assign overall ratings to determine the top performers. Here’s how we assess them:

Cost: We analyze auto insurance rate estimates and available discounts to gauge affordability.

Coverage: We assess the range of insurance options offered by each company to ensure they meet diverse consumer needs.

Reputation and experience: Factors such as market share, ratings from industry experts, and tenure in the industry contribute to this score.

Availability: Companies with broader state coverage and minimal eligibility requirements score higher in this category.