Cheap Car Insurance for Seniors: Costs and Companies (2022)

Cheap Car Insurance for Seniors: Costs and Companies (2022)

*The numerical ratings in this table are based on provider performance in our comprehensive study. However, the ratings of the service providers are based on how well the service providers serve the big drivers.

#1 Geico: Editor’s Choice

Availability: All 50 states
Best rated AM: A++
BBB . rating: A +
JD Power Points: 853/1000

Geico constantly offers some of the cheapest car insurance for seniors. The insurance company received the Editor’s Choice Award for its high-profile performance in all categories in our industry-wide study.

Geico is also one of several companies that offer specific car insurance for senior drivers. Geico’s Prime Time program is available to some drivers over the age of 50. Basically, this program ensures that your document can be renewed.

Read on: Geico Lockdown Review

#2 USAA: Low rates for the military

Availability: All 50 states
Best rated AM: A++
BBB . rating: A +
JD Power Points: 875/1000

USAA may be the first place you’ll want to look for cheap car insurance for seniors – but only if you qualify. The company’s coverage and reasonable rates are available only to military personnel and their families.

However, if you qualify, you can expect to find some of the best rates for big drivers with USAA. The company is constantly at or near the top of the insurance studies and has a solid portfolio of insurance products to choose from.

Keep reading: USAA Insurance Review

#3 State Farm: Most Popular Provider

Availability: 48 countries
Best rated AM: A++
BBB . rating: a
JD Power Points: 885/1000

State Farm is the largest insurance company in the country, with a large network of local agents suitable for anyone who prefers to do business in person. Accessibility to State Farm is just one example of great customer service. This is evidenced by the fact that the company ranked first for customer satisfaction among major insurance companies in the J.D. Power study.

State Farm offers a large number of auto insurance discounts in addition to its already affordable coverage for large drivers. Policyholders who enroll in the Safe or Defensive Driving Program can receive a discount on their monthly or annual premiums. State Farm also offers a three-year accident-free stay discount.

Read on: State Farm Insurance Review

#4 Travelers: Most Coverage Options

Availability: 42 countries
Best rated AM: a++
BBB . rating: a
JD Power Points: 853/1000

Big drivers looking for cheap car insurance with plenty of options should consider Travellers. The company had one of the largest selections of coverage options among the providers in our study.

Senior drivers who don’t own cars but rent them frequently while traveling may find non-owner’s insurance cheaper than the rental company’s. Additionally, the Passenger Accident Waiver Program can be a helpful addition for drivers who are concerned about increasing their car insurance premiums.

Read on: Traveler Insurance Review

#5 Nationwide: An Affordable Usage-Based Option

Availability: 50 countries
Best rated AM: A +
BBB . rating: A +
JD Power Points: 858 / 1,000

Nationwide has relatively cheap insurance rates for seniors. Senior drivers may be able to take advantage of the company’s usage-based SmartMiles programme. People who don’t drive as much — such as retirees — can pay up to 40% less for coverage, according to Nationwide.

Keep reading: Nationwide Insurance Review

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