Kristen Gryglik

Licensed Insurance Agent

Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...

Licensed Insurance Agent

Eric Stauffer

Licensed Insurance Agent

Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...

Licensed Insurance Agent

UPDATED: Nov 5, 2023

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.

UPDATED: Nov 5, 2023Fact Checked

Key Takeaways

  • Senior Discount: Many car insurance companies offer discounts to drivers over the age of 50, which can range from 5% to 15% off the annual premium.
  • Military Veteran Discount: Some insurance companies specialize in providing auto insurance to military families. Seniors who were in the military or whose spouses were veterans are eligible for these policies.
  • AARP Membership Discount: Senior citizens who are members of AARP may be able to take advantage of additional discount programs.
  • Income-Based Discounts for Retirees: Retirees with incomes below a specific threshold may qualify for certain auto insurance discounts.
  • Safe Driving Rewards: People with a long and safe driving history often qualify for discounts as a reward for their responsible driving.
  • Advanced Driver’s Education Course Discount: Older drivers can save even more on auto insurance by enrolling in an advanced driver’s education course, such as defensive driving classes available through various organizations.
  • Low Mileage Discount: Seniors who drive infrequently and put less than 10,000 miles a year on their vehicles may be eligible for discounts. Some may consider a pay-as-you-go auto insurance policy, where they pay insurance only for the miles they drive, as a cost-effective option.

Why do seniors get car insurance discounts?

Car insurance companies base the cost of premiums on a driver’s risk of being involved in an auto accident. Seniors are less likely to be involved in a collision because they statistically spend less time driving than other groups of people. Drivers between the ages of 50 and 70 are involved in fewer accidents and receive fewer citations than any other group of people.

Over the age of 70, car insurance premiums may begin to rise once more. Drivers over 70 are second only to teenagers in the number of claims filed each year. Of course, many people are still very competent drivers well past this age, and a clean driving record will always result in low premiums regardless of the driver’s age.

Mature drivers have several advantages over younger people when it comes to buying auto insurance. First, senior citizens often have well-established good credit that shows a long history of financial responsibility. Second, mature drivers have a long driving history that can be examined for specific driving information. A person who has driven for over 30 years without a car accident is one who can take advantage of very low car insurance rates.

What kind of car insurance discounts for Seniors are available?

Some car insurance companies offer discounts to all drivers over the age of 50. If you already have auto insurance, you can contact the agent or customer service representative to inquire about this discount. The amount of the discount varies from one company to the next, but could be between 5 and 15 percent off the annual cost of premiums.

Military veterans are also eligible for insurance discounts through many different companies. Some insurance companies specialize in providing auto insurance to military families. Seniors who were in the military or whose spouses were veterans are eligible for these policies.

Senior citizens may be able to take advantage of further discount programs through clubs like AARP. Additionally, retirees may be able to receive certain auto insurance discounts if their income is below a specific threshold. Some insurance companies even offer a lifetime renewal guarantee to senior citizens; this guarantees that a policy will not be canceled during the insured’s lifetime and helps to keep rates at a low cost.

People with a long and safe driving history will already qualify for a safe driving award. Older drivers can save even more on auto insurance by enrolling in an advanced driver’s education course. Defensive driving classes are available through the library, AAA, AARP or the local DMV. Some courses may even be completed online.

Depending on the company, seniors may be able to receive further discounts if they have a very low annual mileage. People who drive infrequently are at a low risk of being involved in a collision. For individuals who put less than 10,000 miles a year on their vehicles, a pay-as-you-go auto insurance policy may be the best investment. This allows the customer to pay insurance only for the miles he drives. You can ask your insurance agent if this type of policy is available in your area and compare the rates with a standard auto insurance policy to see if the change would be worthwhile.

Buying Affordable Car Insurance for Seniors

If you’re paying too much for auto insurance, you can save money by switching to a less expensive policy. The easiest way to find a new insurance company is to search online for a free quote. The form will ask about your age, location and type of vehicle you plan to insure; this will allow the program to match you with the best possible insurance companies to suit your needs.

Once you’ve chosen a company, you can contact the customer service department to discuss the coverage that you need and confirm the final price of your policy. By taking the time to comparison shop between multiple car insurance companies, you can be sure that the price you’re quoted is the best deal. Also be sure to ask the new company if there are any further discounts you may qualify for that can help keep your premiums low, your age is not the only discount around.

Case Studies: Senior Citizens and Car Insurance Discounts

Case Study 1: John’s Savings

John, a 55-year-old senior citizen, recently retired and was looking for ways to cut down his expenses. He decided to explore car insurance discounts available for seniors. After comparing quotes from multiple car insurance companies, John found that he could save 10% on his annual premiums by switching to a company that offers a senior citizen discount.

This resulted in significant savings for John, allowing him to allocate those funds to other important aspects of his retirement.

Case Study 2: Mary’s Defensive Driving Course

Mary, a 62-year-old senior driver, was a cautious and responsible driver with a clean driving record. She learned that enrolling in an advanced driver’s education course could further reduce her car insurance premiums. Mary decided to take a defensive driving class offered by her local DMV.

Upon completion, she contacted her insurance company and provided them with the certificate of completion. As a result, Mary received an additional 5% discount on her car insurance, recognizing her commitment to maintaining safe driving habits.

Case Study 3: Robert’s Low Mileage Advantage

Robert, a 68-year-old retiree, no longer commuted to work and rarely used his car for long trips. He discovered that some insurance companies offer discounts based on annual mileage. Upon evaluating his driving habits, Robert found that he drove less than 10,000 miles per year.

He decided to switch to a pay-as-you-go auto insurance policy, which allowed him to pay insurance premiums based on the actual miles he drove. This tailored approach resulted in substantial savings for Robert, as he only paid for the coverage he needed.

Frequently Asked Questions

Do Senior Citizens get car insurance discounts?

Many car insurance companies offer discounts to senior citizens, typically those who are 55 years old or older. These discounts can vary in size and may be based on factors such as the driver’s age, driving history, and the type of vehicle they drive.

Senior citizens may also be eligible for other discounts that are not necessarily related to their age, such as safe driver discounts, low mileage discounts, and discounts for taking defensive driving courses.

It’s important to note that not all insurance companies offer senior citizen discounts, and the availability and amount of the discount can vary by state and insurance provider. To determine if a specific car insurance company offers senior discounts and how much they offer, it’s best to contact the company directly and ask about their policies.

Why do seniors get car insurance discounts?

Seniors get car insurance discounts because car insurance companies base the cost of premiums on a driver’s risk of being involved in an auto accident. Seniors are less likely to be involved in a collision because they statistically spend less time driving than other groups of people.

What kind of car insurance discounts for seniors are available?

Some car insurance companies offer discounts to all drivers over the age of 50. The amount of the discount varies from one company to the next, but could be between 5 and 15 percent.

Do seniors pay more for car insurance after age 70?

While seniors usually enjoy lower car insurance premiums due to their age and driving experience, car insurance premiums may begin to rise for drivers over the age of 70. Drivers over 70 are second only to teenagers in the number of claims filed each year.

Are mature drivers more likely to get low car insurance rates?

Yes, mature drivers have several advantages over younger people when it comes to buying auto insurance. Senior citizens often have well-established good credit that shows a long history of financial responsibility. Moreover, mature drivers have a long driving history that can be examined for specific driving information. A person who has driven for over 30 years without a car accident is one who can take advantage of very low car insurance rates.

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Kristen Gryglik

Licensed Insurance Agent

Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...

Licensed Insurance Agent

Eric Stauffer

Licensed Insurance Agent

Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.