As drivers age, their car insurance needs and rates can change significantly. While experience behind the wheel is a benefit, insurance companies also factor in age-related risk.
Why Insurance Rates May Change with Age
Car insurance premiums often decrease as drivers gain experience, but they can start to rise again after age 65 or 70. This is largely due to statistics showing that older drivers may be more prone to certain types of accidents or medical emergencies on the road. However, those with clean records and minimal claims still have access to excellent rates.
Top Insurance Companies for Older Drivers
The Hartford (AARP Auto Insurance Program)
Known for catering to older adults, The Hartford offers the AARP Auto Insurance Program, which provides exclusive benefits for AARP members. Features include lifetime renewability, accident forgiveness, and 24/7 claims service.
GEICO
GEICO is popular for its competitive pricing across age groups. Older drivers with a good driving history can benefit from discounts such as defensive driving course completion and vehicle safety features.
State Farm
State Farm offers a robust network of agents and local service. Seniors who bundle policies or complete safe driver programs can unlock substantial savings.
Progressive
Progressive’s Snapshot program tracks driving behavior and rewards safe habits with lower premiums. Seniors who drive less frequently—a common scenario—can benefit from usage-based pricing.
USAA
For military veterans and their families, USAA consistently ranks among the best for customer satisfaction and affordability. It offers generous discounts and personalized service for seniors.