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If you’re a homeowner and a car owner, you may want to consider bundling your auto and home insurance from the same provider. Bundling is basically when you add two types of insurance under the same coverage plan. Because you’re getting multi-policy coverage in the same policy, bundling often makes it easier to manage your insurance plans. You also get access to bundling benefits and extra discounts!
But not all providers cater their services to older Americans. Below we’ll look at which providers offer the best auto and home insurance plans, rates, discounts, benefits, and bundling features for seniors.
The Best Auto and Home Insurance Companies for Seniors
State Farm is known for much more than catchy slogans and celebrity/athlete-featured commercials. The insurer has been around for more than 100 years and is the largest insurance provider in the country for good reason.1 Priced at an average of $1,419 annually, State Farm is the most affordable insurance option for seniors (unless you’re a veteran or active member of the military!).
Money-Saving Tip: Bundling home and auto insurance isn’t the only way you can save. Older Americans have access to a full list of senior discounts, deals, and benefits.
But the brand offers more than just low prices. State Farm is a trusted provider that offers great options for auto insurance, home insurance, add-ons, and bundling. With a J.D. Power Customer Satisfaction Score of 885, State Farm is also rated number one for auto insurance service in the country.2
If you’re looking for affordable coverage from a trusted provider, look no further. State Farm has an affordable flat rate with plenty of discounts to help you save on your home and auto insurance. With a great customer service score, credible reputation, and robust list of discounts and add-ons, State Farm is our top choice for affordable insurance.
Allstate is another industry leader for both auto and home insurance. While it’s pricier than some of the other major providers, its long list of discounts can help bring your rates down. Allstate is our pick for bundling because it offers some of the highest bundling discounts. If you bundle your auto and home insurance with Allstate, you’ll get up to 25 percent off on your insurance.
Pro Tip: You can get lower rates on your premiums by paying a higher deductible.
Allstate has one of the best bundling discounts available to older Americans. It also makes claims easy for seniors. If you’re not happy with your claims process for any reason, you’ll get your money back and a six-month credit on your premium! Get the most out of bundling, multi-policy discounts, and more with Allstate.
While State Farm is the most affordable option for most seniors, USAA offers even lower rates (averaging just $1,151 annually) to active military members, veterans, and military families. USAA understands the unique challenges of military members and veterans, and they’ve catered their insurance plans and coverage features to fulfill those needs. As a USAA member, you get access to a long list of discounts and benefits that apply to your car insurance, home insurance, health care, travel and more!
If you’re a veteran or military member, USAA is our top pick for you. It offers some of the most competitive rates, discounts, bundling options, and benefits available to seniors. It also has excellent customer service ratings and customer satisfaction scores, which most drivers and homeowners appreciate.
The American Association for Retired Persons has been dedicated to serving older Americans for over 50 years, and the AARP auto and home insurance plan from The Hartford has been around since 1984. AARP’s auto insurance plans cost about $1,520 annually on average, and you can bring that number down significantly with its long list of discounts.
Pro Tip: Check out our AARP car insurance review to learn more about this provider’s coverage options.
The AARP also offers unique features and add-ons, like the RecoverCare Essential program. The benefit provides you with a $2,500 reimbursement for household services that you can’t complete if you’re injured in an accident. This can offer you and your family peace of mind if you ever need some time to recover from an accident.
If you’re looking to take advantage of additional senior benefits, discounts, bundling options, and features/coverage, AARP could be the choice for you. As a trusted member in the industry with one of the best customer service ratings in the country, we think AARP is a great option for Americans over the age of 50.
Travelers is a great option for older Americans looking to benefit from additional coverage and customizable insurance plans. With Travelers, you can get gap insurance, roadside assistance coverage, rental car coverage, accident forgiveness, umbrella insurance, and non-owner insurance if you don’t own the car you drive. At $1,629 annually on average, Travelers is a reasonably priced provider with several discounts to bring down your costs!
Pro Tip: Check out our guide to the best car insurance for seniors, as well as our list of the best home insurance for older adults for a closer look at leading providers.
Travelers has a number of excellent add-ons, discount programs, and coverage features that allow you to mix and match your liability and full coverage plans. If you have an Affinity membership, you’ll get access to even more discounts and coverage options. If you need customizable and flexible plans for your auto and home insurance, Travelers is a great option.
We take a holistic approach to choosing the best home and auto insurance plans for seniors. As such, we researched providers to find the best rates, discounts, membership benefits, add-ons, and bundling. Then, we compared the results and narrowed down our choices to the best providers. Below are some of the main factors that we took into consideration.
There’s no one-size-fits-all answer to this question. It really depends on your provider, your unique demographics (location, gender, type of car, etc.), and the coverage plan. However, these are some pros and cons to consider when thinking about bundling.
FYI: Even with a discount, some providers might offer cheap auto insurance but more expensive home insurance (or vice versa). That means your overall costs might be more by bundling under the same provider. If that’s the case, you may be better off finding two separate providers that offer cheap auto insurance and home insurance, respectively.
If you can save money by bundling and know that the provider has solid customer service and coverage, bundling is probably a good idea. But, as you can see above, it really does depend on your unique situation. The best way to answer this question is to speak to an agent, ask for a quote, and compare your bundled prices/coverage to other offers.
How do you know what to look for when you want to bundle your auto and home insurance? Follow these tips to get the most out of your bundling policies.
While Allstate offers the best bundling discount on our list, American Family offers up to 29 percent off on your home insurance when you bundle.
The average bundling discount is 14 percent.
It depends on the provider, but in most cases the answer is yes. If you own a car in one state and a home in another, most providers will allow you to bundle your plan. It’s best to speak directly with an agent to find out if this is something they allow.
The answer depends on a number of factors. If you both have a good driving record, credit score, and no recent absences in insurance, it could save you more to bundle with a spouse. If one of you has a poor driving record or credit score, it might end up costing you more.
Bundling is allowed in every state. However, bundling options and discounts may differ from state to state, so you should speak to an agent to find the most accurate information for your region/state.
For over five years, Taylor has been writing, editing, and researching products and services covering topics such as senior care and technology, Internet and the digital divide, TV, and entertainment, and education. Her research on media consumption and consumer behavior has been… Learn More About Taylor Shuman
Insurance Information Institute. (2022). Facts + Statistics: Insurance company rankings.
J.D. Power. (2022). Auto Insurance Rate Hikes Erode Price Satisfaction, Drive Surge in Value Shopping, J.D. Power Finds.
AM Best Information Services. (2020). AM Best Affirms Credit Ratings of The Travelers Companies, Inc. and Its Main Subsidiaries.
