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There are many road tested wisdoms about getting older. Decades of driving experience, clear ideas about the coverage you actually need, and often behind the wheels. However, even if it’s your favor, your car insurance premiums don’t always reflect that. In fact, even if the records are creak-clear, premiums often creep up when they hit in the ’70s.
One Reddit user recently shared a sticker shock after checking prices in New York. “I live in New York and retired a few years ago, so I decided to see how much insurance costs.
While their age and licensing situation likely played a role, it highlights how unpredictable and expensive coverage is as you get older.
If you’re heading into the 70s or looking for affordable car insurance, you have a choice. We rounded up the cheapest companies, smart ways to lower premiums, and what to watch out for as senior drivers navigating today’s insurance market.
What is the cheapest car insurance company for seniors?
Auto insurance is often more expensive after the age of 70, but that doesn’t mean that affordable coverage is out of reach. While some insurers increase their rates due to age-related risk factors, such as changes in reaction times and visual changes, not all companies deal with the same age. In fact, some still offer competitive prices for older drivers, especially those who have clean records. Based on rate data from Quadrant Information Services, our study found that car owners, GEICO, USAA, national and travelers are some of the cheapest car insurance companies for 70-year-old drivers. These picks stood out for not only pricing, but also strong customer service, solid financial strength and senior friendly discounts.
| Insurance Company | Average lowest annual compensation premium | Average annual full coverage premium |
|---|---|---|
| Car Owner | $577 | $1,865 |
| Geico | $644 | $2,252 |
| USAA | $699 | $2,132 |
| Nationwide | $702 | $1,840 |
| Travelers | $708 | $2,106 |
How to get cheap car insurance as a senior
The best way to save money to your senior Auto insurance fees Most steps are similar to those of a middle-aged driver, although it probably depends on your unique evaluation factors. Seniors may be able to obtain cheap car insurance by following these steps.
- Take a defensive driving course. In some states with approved defensive driving courses, auto insurance companies offer discounts to seniors with over 55 people completing one. We recommend checking with your insurance company to see if this discount is an option before you sign up.
- Please check the operating status. If you are not at work, you can update your driving status to pleasure driving rather than commuters. Lower mileage. You may be able to save it too Mileage insuranceusually includes low rates and per mileage.
- Avoid tickets and accidents. As mentioned above, accidents and tickets can raise your insurance rate. Maintaining a clean driving record can help you reduce those fees as you age.
- Shopping. shopping Various airlines may offer more Save money More than you’ve acquired it with your current insurance company. Be sure to compare the same coverage type and limits and get a true comparison before Career switching.
- Compare quotes before buying a new car. You may be switching cars to adapt to your new lifestyle during your retirement. Maybe you want to house a big car for your grandchild, or you’re looking for more safety features. Compare insurance estimates before landing on the new model. Cars with high safety ratings, low theft rates, and accessible parts and repairs often have lower insurance costs.
Auto insurance discounts for seniors
I’m looking for it Auto insurance discount It is one way that older people can get cheap car insurance premiums. The type of discount and the amount of savings you save will vary depending on your carrier and policy, but consider asking about these discounts to see if you are eligible.
- Low fuel consumption: Retired drivers or drivers who no longer commute to work may have an annual mileage of less than 13,000 miles nationwide. Some insurers offer discounts due to lower mileage per year, as the risk of accidents and claims has been reduced.
- Bandling:insurance Both your home and car With the same carrier, we may offer the largest discount on your policy. This is the most common bundle, but many insurance companies also offer other bundles. For example, discounts are often available to combine car insurance with condo, boat or RV insurance.
- Vehicle Safety Device:The more safety features your car has, the lower the rate, like anti-lock brakes, airbags, and anti-collision technology.
- Safe driving: Drivers who keep a clean driving record by avoiding tickets and accidents may save money with this discount.
- Army and Veterans: Military discounts often extend to armed services veterans. You can save on car insurance by providing proof of service to your insurance provider.
FAQ
Methodology
Bankrate uses Quadrant Information Services to analyze April 2025 fees for all ZIP codes and carriers in all 50 states. The cited fees are based on 40-year-old male and female drivers with clean driving records, good credits and the following full coverage limits:
- $100,000 per person physical injury liability
- $300,000 for each accident
- Liability for property damages of $50,000 per accident
- Uninsured driver physical injury for $100,000 per person
- Uninsured driver’s physical injury for $300,000 per accident
- $500 collision deduction possible
- Comprehensive $500 deduction
To determine the minimum coverage limit, bank rates used minimum coverage to meet the requirements of each state. Our base profile driver owns a 2023 Toyota Camry, commutes five days a week and drives 12,000 miles a year.
These are sample rates and should be used for comparison purposes only.
year: Rates were calculated by assessing the base profile applied to age 70 (basic: age 40). The driver is a homeowner. Age is not a contribution rating factor for Hawaii and Massachusetts, due to state regulations.
