The Best Car Insurance Providers for Seniors in 2024

For 100 years, State Farm has been a trusted “neighbor,” offering great rates for auto, life, home, and other types of insurance. State Farm also has customizable coverage options for car insurance, including collision, comprehensive, rental, and rideshare insurance. According to State Farm, you can save up to $1,127 annually when you bundle your auto and home insurance. You can also take advantage of their good driver discounts by using their Drive Safe & Save app to save up to 30 percent.

State Farm provides some of the best coverage options for seniors that are car enthusiasts. If you have an antique or classic car sitting in the garage, State Farm’s special Collector & Classic Car Insurance covers vehicles that are either 10 to 24 years old with historic interest, or an antique car that’s 25 years or older. Overall, we’re big fans of State Farm’s unique auto insurance options for seniors who need extra protection for their treasured vehicles and collectibles.

USAA is a worthy contender if you’re a member of the military or a retired veteran. USAA provides affordable rates with options to bundle auto and property insurance policies. They also have an app-based, safe-driving program to save on your premiums. In addition to low rates, USAA members benefit from discounts up to 40 percent on travel, home, car care, shopping, health, and entertainment.

According to USAA, customers who switch to USAA save an average of $725 a year on premiums. If you drive your car less than you used to, you may be eligible for a mileage-based discount.

If you’re anxious about getting into an accident, we’d recommend considering Progressive. The insurance provider has gracious accident forgiveness policies that won’t increase your insurance rates, pending certain criteria. They offer both small accident and large accident forgiveness for loyal Progressive customers.

Founded in 1937, Progressive is the third-largest auto insurance provider in the nation. On average, customers who switch to Progressive will save approximately $700 a year on their premiums, according to the company. To continue lowering your bill, Progressive offers loyalty- and driver-based discounts, along with other continuing discounts.

As the sixth-largest property and casualty insurer globally with strong financial standing, Liberty Mutual has a wide selection of add-on coverage. If you’re looking for extra coverage that isn’t included in most standard policies, we’d recommend Liberty Mutual. Add-ons include 24-hour roadside assistance, gap coverage, coverage in Mexico, teachers’ auto insurance, original parts’ replacement, and rental car reimbursement — to name a few. With over 100 years of experience in the insurance business, Liberty Mutual has a slew of discounts that seniors may be eligible for, such as early shopper, military, violation-free discounts, and more.

If you’re an older adult with a great driving record, we’d recommend AARP. One of the perks of AARP Auto Insurance is that they provide an optional “disappearing deductible,” where your collision deductible will decrease over time as long as you maintain a clean driving record. The provider has a fast and seamless claims filing process, with a 24/7 car insurance hotline that lets you file a claim 24/7.

Allstate has a solid Claim Satisfaction Guarantee policy that provides an easy way to file and review auto insurance claims. As an Allstate customer, if you’re not satisfied with the claims process, you can get your money back for free, no questions asked. When you take advantage of this guarantee, you’ll also earn a six-month credit on your car insurance premium. This policy is offered in most states for standard Allstate policies, but you’ll want to check that it’s available where you live before purchasing.

Allstate makes it easy for customers to track and file their auto insurance claims by creating an account online, or downloading the Allstate mobile app for seniors who prefer using their smartphone. As a perk, if you download the Allstate mobile app, you’ll have access to its QuickFoto claim, which lets you easily take photos and submit damages to your car through the app.

As the second-largest auto insurer in the U.S., Geico offers affordable auto insurance rates and discounts for seniors over the age of 50, with an average savings of more than $500, according to the company. Geico knows that many car insurance companies increase premiums or won’t renew policies when customers reach a certain age. To combat this, Geico provides guaranteed renewal for drivers aged 50 and older who meet certain criteria.

In addition to guaranteed renewal, Geico offers a variety of discounts for seniors, including defensive driver, five-year good driving, retired government and military, and multi-car discounts. We appreciate that Geico understands the changing needs of older adults and provides affordable solutions for their insurance needs.