fbpx

Top 10 Highest Ranked Senior Auto Insurance Providers For 2019

Seniors who still own a vehicle no doubt still enjoy the experience of driving and transportation freedom, but there is often a concern as the years go by with regards to their auto insurance pricing increasing. There have been no doubt frustration stories shared by seniors when it comes to car ownership, and expensive insurance coverage to keep the car on the road – some may be truthful while many others are exaggerations or completely false. 

 

Our car insurance guide is aimed at providing information so seniors can get a grasp on auto insurance details and requirements for particular states, overall costs, and discounts and savings opportunities. We have put together a top 10 list for the highest-ranked auto insurance providers for 2019 for seniors, and included information that should help with making an educated decision when it comes to purchasing auto insurance that fits one’s needs and budget.

  • The Hartford Auto Insurance – The Hartford has been offering auto insurance to AARP members for nearly 40 years now, and does a good job of acknowledging and rewarding experienced drivers who have good driving track records.

  • Acceptance Insurance – Acceptance Insurance fully realizes that the auto insurance needs of senior drivers are tangibly different from younger driver’s needs, and provides affordable auto insurance policies to accommodate seniors.

  • Allstate Car Insurance – Allstate has a good track record of financial stability ratings from numerous agencies and is known for offering discounts to drivers of all ages.

  • GEICO Car Insurance – GEICO has been in the insurance industry for more than 80 years, is generous about giving back to communities, and offers auto insurance discounts to seniors who are eligible.

  • Farmers Car Insurance – Farmers has been operational since 1928 and has a reputation for its auto insurance discounts on multiple policies they sell.

  • State Farm Car Insurance – State Farm has a wide range of auto insurance policies available, and provide attractive discounts that appeal to seniors.

  • Progressive Car Insurance – Progressive boldly states that the company offers “unmatched value” on car insurance policies.

  • Nationwide Car Insurance – Nationwide offers price breaks for seniors and has a solid business track record overall. 

  • Liberty Mutual Auto Insurance – Liberty Mutual does a great job of educating potential customers on car insurance and helps seniors identify potential discounts to take advantage of.

Esurance Auto Insurance – Esurance encourages seniors to benefit from auto insurance savings when available, to get the best pricing possible.

How We Put Together Our Top 10 Auto Insurance List For Seniors

There is a wide selection of potential options for auto insurance providers for seniors, but we were up for the challenge of assembling a high-quality list to save you the time and energy of narrowing down your search to a few potential fits. The criteria we looked at for this list were factors including ease of use, pricing, service and customer support, and features and coverage offered. Our insurance specialists went deep with their research with the core goal of helping seniors with finding an excellent auto insurance provider. 

There’s no shortage of auto insurance policies for seniors, so it can be an uphill battle searching for the perfect fit. We’ve simplified the process, and we created this top 10 list by looking at factors like ease of use, service and response, features and technology, and of course, pricing. Our experts left no stone unturned to showcase the best senior auto insurance policies for 2019.

14 Providers Examined

2 Experts Consulted

10 Providers Selected

 

26 Hours of Research

1. The Hartford Auto Insurance

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

Overview

The automobile industry had yet to be born before The Hartford went into business, but in 1913, the company put its focus into accident and indemnity insurance, and also carved out policies for vehicle coverage. 

The Hartford started to target AARP members in 1984 with auto insurance coverage, and to this day continues to have an assortment of options for vehicle owners and those who lease or rent. They differentiate themselves by providing access to some unique benefits and features that many other auto insurance companies don’t offer. 

Insurance for a vehicle with regards to expenses resulting from damages and other costs stemming from collision coverage, non-collision damage comprehensive coverage, car towing, and rental car coverage. The purpose of vehicle liability insurance is to protect policyholders from suffering various financial losses and covers the costs of other parties who may suffer injuries due to accidents on the road. The Hartford offers full vehicle coverage for liability, collision, and comprehensive. 

 

Seniors know very quickly even before considering a policy from The Hartford that they are a valued customer segment of theirs – because they offer auto insurance to AARP members. For those who are at least 50 years of age – exclusive benefits and discounts are provided to further encourage seniors to become customers of theirs.  

Pros
    • Car insurance premiums are locked-in for a year, versus the typical six-months offered by many other providers who sell auto insurance

    • Policyholders who are 50 years of age and older that maintain insurance through The Hartford for at least 60 days, receive lifetime eligibility renewal when meeting all requirements

    • Offers something called ‘Disappearing Deductible’ to lower the deductible amount each year an insured driver maintains an accident-free profile 

    • Provides several avenues to save on auto insurance, including taking the AARP Driver Safety Program course, bundling multiple products together, having anti-theft devices, automatic airbags, or receiving a multiple car discount

Cons
    • You must be an AARP member to be eligible 

    • Coverage from The Hartford is not available in every state

    • Some benefits they offer aren’t available in all areas

    • Some benefits, including the Disappearing Deductible and First Accident Forgiveness, are available exclusively with Advantage Plus – an optional package

Pricing

A no-obligation quote is provided to AARP members at no cost to them. The Hartford doesn’t offer a specific auto insurance quote range, because each individual’s pricing is determined by taking many factors into consideration for auto insurance needs. Some of the factors that get looked at are results of third party data reports – including a credit report, driving record, previous insurance and loss history, and vehicle history. 

The Bottom Line

Personalized coverage options are provided to AARP members by The Hartford, and there are opportunities to enjoy several features and discounts of optional package benefits. Their focus on customers who are 50 or older appeals to seniors, lifetime renewability holds tangible value, and their understanding and dedication towards the more mature age groups is certainly attractive to those who have auto insurance needs.

 

2. Acceptance Insurance

Ease of use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

Overview

Acceptance Insurance is a leading provider of auto insurance and sells its products and services from more than 350 locations across a good part of the country. Their auto insurance products vary from state to state, and more information about this topic and their coverage can be found on their website. The company provides various coverages such as basic liability, comprehension and collision, and uninsured or underinsured motorist coverage. 

Acceptance Insurance describes themselves as being a leader in car insurance for seniors – priding themselves on having affordable coverage, premiums, and deductible options for seniors who are after affordable auto insurance. 

Pros
    • Has a solid grasp on what senior’s needs are, and offers auto insurance coverage that’s affordable

    • Offers a 24/7 roadside assistance option

    • Provides policies to drivers who have an average or below-average credit history – along with the ability to improve auto insurance options as credit score increases

    • Their website features an extensive FAQ section with answers that are easy to understand, and are helpful for senior’s doing auto insurance coverage research 

Cons

    • Auto insurance offered is limited to certain states 

    • Offers no bundled coverage discounts, even though the company has a variety of insurance products 

    • Pricing information details are not available on their website

    • Customer service isn’t available 24 hours per day 

Pricing

A free quote can be gotten online, or by calling Acceptance Insurance to speak with a representative – again, no pricing details are provided on their website. Depending on specific insurance needs from seniors who aren’t considered to be typical drivers – costs could be higher for coverage.  

The Bottom Line

Seniors are eligible to get auto insurance policies from Acceptance Insurance. Some seniors who have been turned down by other providers can turn to Acceptance Insurance for their needs, and to work within their budget. Some seniors won’t like the fact that this company’s customer service isn’t available 24/7. 

 

3. Allstate Car Insurance

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

Overview

More than 16 million customers turn to Allstate for their auto insurance coverage needs – a good indication that the company is doing something right. Auto insurance coverage from the company includes basic liability, optional collision coverage, and comprehensive. 

Depending on the state, some require that their drivers have personal injury protection – also known as medical payments coverage. A bunch of states requires uninsured or underinsured motorist coverage, and some other states that are more flexible make this coverage optional. Allstate has both of these coverages available to purchase, along with many other options for auto insurance to meet specific needs. 

Senior drivers will be happy to hear that Allstate has discounts and rewards that are readily available – making them an attractive auto insurance provider. They have bundling discounts if life or home insurance is also purchased in conjunction with auto insurance, or if a newer vehicle is driven they also reward that. 

Safe driving is also viewed very favorably by the company, and customers are given deductible rewards and bonus checks as a result. Their Drivewise mobile app can be downloaded and Allstate will provide a 3% discount on an auto policy, and discounts and rewards are ongoing when safe driver challenges are successfully completed. 

Pros
    • Every year a customer drives safely and avoids an accident, a $100 deductible reward is offered

    • Lots of different opportunities for policyholders are consistently available to receive discounts and rewards 

    • The company has a strong financial position within the industry 

    • The ability to bundle different insurance products is available

Cons
    • The 55 and retired discount only applies to homeowner policies

    • Premium costs are potentially higher, at least initially than some other providers who offer comparable auto insurance coverage

    • Reports claimed that Allstate raised their auto insurance rates as many as three times within an 18-month period in some areas 

    • A free online quote is available, but personal data is required to get one 

Pricing

The company does not offer set prices for its policies because every policyholder has different needs and circumstances that potentially affect the pricing of an auto insurance policy.

The company indicates that the type of car you own, how much you drive, your driving record, type of coverage, deductibles, and where you live are factors that potentially affect the cost of your auto insurance costs.

The Bottom Line

Allstate has built a sizeable brand that has large financial resources available. No dedicated discount is provided to seniors, but there are other ways to get discounts and rewards – with the purpose of lowering the overall costs of auto insurance. 

 

4. GEICO Car Insurance

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

Overview

Almost 30 million vehicles are insured by Government Employees Insurance Company (GEICO), a company that was established in 1936. GEICO is recognized as being the second biggest private passenger auto insurer in the U.S. 

Seniors regularly give their business to GEICO for their auto insurance needs, as the company has a focus on drivers who are over the age of 50. The Prime Time Contract offered by GEICO is available in numerous states across the country, and it’s based on the criteria of car owners who are at least 50 years old, have no drivers in the household who are under 25, no accidents or violations have occurred within the previous three years, and the vehicle is used strictly for personal reasons and not for business purposes. 

A few GEICO cash breaks that interest some seniors include the five-year good driving discount, retired government and military discount, multi-car discount, and a discount for taking a defensive driving course.

States that have minimum liability coverage requirements can be rest assured that the company has adequate coverage to meet those. Some coverage options include vehicle, medical, uninsured motorist, roadside assistance, and mechanical breakdown. 

Pros
    • GEICO boasts a solid 97% customer satisfaction rating

    • Consistently receives A+ or better financial strength ratings from independent analysts

    • Has a Prime Time contract specifically designed for seniors

    • Offers several discounts which appeal to many seniors 

Cons
    • Not every state is supported for auto insurance coverage 

    • Some features including accident forgiveness aren’t available in all served states

    • An online quote requires providing a Social Security number and other personal information 

    • Policy increases and unknown violation fees have been withdrawn from some customer’s bank accounts without them being notified prior to this happening 

Pricing

Online quotes are available from GEICO after several answers are provided to questions they ask. Pricing can vary widely depending on a senior’s current life situation, auto insurance coverage needs, and policy deductible. If discounts can be qualified for, it helps to reduce monthly premium amounts. 

The Bottom Line

With an elite customer satisfaction rating and a strong financial foothold in the industry, many seniors feel confident about taking out a policy with GEICO. A few different insurance coverage products are available for purchase from the company, but policyholders may have to deal with other insurer partners of GEICO’s depending on their policy. 

 

5. Farmers Car Insurance

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

Overview

Way back in 1928, Farmers Car Insurance came onto the scene as an option for auto insurance coverage. The company first focused on serving the needs of customers in rural areas, and have since expanded operations to become an industry-leading insurance provider for vehicles, homes, and small businesses. 

Farmers consistently make customers aware that they need to meet minimum coverage requirements for car insurance within their particular state but also encourages to gain extra beneficial coverage for comprehensive and collision, third party liability, and other optional products. Some customers find these coverage products from Farmers helpful – new car replacement, accident forgiveness, roadside and towing service, and personal liability umbrella. Representatives are good about balancing senior’s coverage needs and wants with the monthly budget at their disposal for auto insurance. 

Seniors can qualify for the Senior Defensive Driver Discount by meeting age requirements, and after the successful completion of a driver’s education course that they pre-approve. There are other potential price breaks available including the homeownership discount, safe driver discount, and multi-car discount – plus others which representatives can personally offer. 

Pros
    • They provide the means to compare their rates with that of other auto insurance providers 

    • Have multiple discount offers available to take advantage of, including a discount for seniors who qualify 

    • Have a reputation for giving back by serving communities as well as policyholders when various disasters occur 

    • New Car Pledge offers a guarantee of replacement with a new car of the same make and model at full market value if the vehicle had less than 24,000 miles on it, and is under two years old.

Cons
    • Appears to place a significant emphasis on the Farmers Risk Assessment Indicator – considering results of risk assessment “highly predictive” of future claim activities taking place

    • Gives a high number of reasons as to why premiums will potentially increase including moving to a new location, changing vehicles, getting tickets, being involved in accidents, adding a new driver – especially if that driver is a teenager

    • The company’s online quote process potentially accesses your information from third party databases and asks that visitors enter their license plate number, driver’s license number, and other personal information

    • Some online reviews state that Farmers allegedly raises rates even when the policyholder has had no accidents or violations as per their policies 

Pricing

An online quote can be sought out, or a Farmers agent can provide a personalized quote that will be completely accurate and official. Pricing varies for auto insurance policies from Farmers, and some of the criteria they examine are age, location of where you live, number of vehicles to be insured, the amount of coverage needed, and any add-on insurance desired. Measures can be taken to keep the price lower such as making sure that your insurance doesn’t lapse, and adding safety features – anti-lock brakes and anti-theft devices are two such proactive features. 

The Bottom Line

Farmers has a storied history of offering a multitude of insurance products, and are happy to provide several discounts. Some seniors may want to tap into the company’s senior discount but could be reluctant to enroll in and complete a driver’s education course. 

 

6. State Farm Car Insurance

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

Overview

Maintains the top spot honor as the country’s leading insurance provider – State Farm has been in the industry for almost a whole century and had lots of success along the journey. The company has a wide selection of auto insurance coverage options including uninsured and underinsured motor vehicle options, medical payments, emergency road service, and car rental and travel expenses coverage.

State Farm has in excess of 100 products, and their depth of auto insurance coverage is certainly appealing to seniors – especially those who have specific needs to address. A discount is honored when you meet any of these scenarios – combining auto and any of these including home, life or renters insurance, or have airbags or other passive restraints, or have anti-theft devices, or drive a vehicle manufactured in 1994 or later. A discount for good driving comes after three years with no moving violations or at-fault accidents, if no chargeable accidents have occurred after three years then an accident-free discount will be applied, or if a defensive driving course is taken then a price reduction can be obtained as well. 

There are no senior-specific discounts, but seniors still have the ability to earn any of the various discounts as outlined above. 

Pros
    • Well within the top 10% of companies in the Fortune 500 companies

    • Are the largest auto insurance provider within the United States

    • Provide many auto insurance discounts – ideal for budget-focused seniors

    • Have had financially strong rankings for almost 100 years

Cons
    • No dedicated senior discount

    • The company shares personal information amongst State Farm affiliates

    • Policyholders have complained about the time it takes to get a response back after filing a claim

    • Discounts vary by state and aren’t streamlined across the country 

Pricing

State Farm provides website visitors with the ability to get an online quote for an auto insurance policy. Costs and premiums largely depend on each individual’s circumstances and factors – make and model of vehicle, how much driving takes place, driving record, credit report, and other information is taken into account when determining pricing. 

The Bottom Line

State Farm is a very respected insurance provider, and has more than 40 million insured vehicles across the country and maintains a strong financial position – giving seniors confidence in doing business with them. All policy and premium costs should be well understood short-term, and factors should be known for how rates can be affected longer-term. 

 

7. Progressive Car Insurance

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

Overview

Progressive is ranked number three in terms of size within the U.S. car insurance industry and has a few different types of coverage available for seniors. Numerous coverage options can be added including comprehensive and collision coverage, uninsured and underinsured motorist coverage, medical payments coverage, rental car reimbursement, and a loan/lease payoff – pays off the loan if a vehicle is a write-off. 

Progressive is one of the more innovative providers of auto insurance – their website is constantly being updated, offers useful features, is easy to navigate, and so seniors can enjoy their experience there. Seniors can utilize some discounts on their policy from purchasing more than one policy for multiple cars, for example, safe driver discount, homeowner discount, getting a quote online gets a discount, or going paperless with statements or setting up automatic payments also nets a price break. 

Pros
    • Offers the Name Your Price Tool that lets potential customers choose rates for various coverage options

    • The company claims that the average driver who switches to Progressive saves an average of $668 per year 

    • 99% of Progressive’s auto insurance customers qualify for at least one discount

    • Offers small accident forgiveness with no rate increase on claims under $500

Cons
    • Must be with Progressive for a minimum of five years with no accidents in the previous three years to receive accident forgiveness on larger claims

    • Small accident forgiveness is limited to claims under $500

    • Some seniors may not feel confident in managing their policy dealings online to receive certain discounts

    • Seniors who aren’t tech-savvy may find some tools and resources on their website a bit complicated to use 

Pricing

Although the company offers the Name Your Price Tool, policyholders do not literally name their price and pay only that amount. The tool shows you the highest and lowest coverage amounts and then allows you to see rates that best suit your needs and budget.

Combine auto insurance with other Progressive products or enjoy one of several other discount options to lower your initial costs and premiums. Remember that insurance rates often go up over time and that your individualized factors potentially affect whether your auto insurance costs.

The Bottom Line

Progressive has several auto insurance options available to purchase, the discounts can help lower costs for seniors, but some may be out of reach for some seniors due to having to manage the policy online. It’s recommended that a senior get Internet help from a son or daughter if needed and if possible, to earn more discounts from Progressive. 

 

8. Nationwide Car Insurance

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

Overview

Nationwide is a major player in the auto insurance industry, offering collision, comprehensive, full coverage, gap coverage, rental expense, and optional towing and labor coverage. Personal auto coverage is also available – bodily injury liability, property damage liability, personal injury protection, underinsured or uninsured motorist coverage, and medical payments coverage. Special auto insurance coverage options can also be purchased including accident forgiveness, roadside assistance, and a vanishing deductible. Seniors will appreciate all of the options available that go beyond just basic liability coverage.

Pros
    • Coverage options are plentiful to choose from

    • Lots of savings and discounts can be enjoyed, along with the opportunity for assessments so that policyholders can maximize their money savings

    • Consistently receives A+ ratings for their financial strength

    • Offers a full range of financial services across the country 

Cons
    • Seems to leverage third parties when producing an insurance credit score

    • Not all coverage and benefits are available in every state

    • Lists nine factors that can potentially influence car insurance costs – hinting that it’s not the complete list which is bad from a transparency perspective 

    • No specific senior discount is offered, and the driver education discount is only available for seniors in some select states

Pricing

There are a few elements that go into insurance costs from Nationwide – your age, where you live, the specific car that you drive, driving record history, deductible, policy limits, and other factors. Some discounts can be earned, but seniors aren’t entitled to a discount that’s granted based on age. 

The Bottom Line

The company has been serving policyholders for many decades, has a strong financial position, and while they do offer discounts – they are limited in scope and seniors can’t enjoy one specifically designed for them. 

 

9. Liberty Mutual Auto Insurance

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

Overview

Liberty Mutual is focused on providing its customers with not only the best pricing but the best value as well. They also believe in helping policyholders to get the coverage they need, and not pay for coverage that likely won’t ever come in handy for them. Seniors will no doubt find these aspects about the company very honorable and respect how they go about their business by putting customers first ahead of profits. 

 

Liberty Mutual offers standard coverage including bodily injury liability, property damage, and medical payments. The company has add-ons available – optional collision, comprehensive, towing, and labor coverage. Policyholders also have the option of adding uninsured motorist coverage, accident forgiveness, and lifetime repair guarantee.

Pros
    • Has a great product mix for auto insurance coverage 

    • Provides 24/7 customer service

    • Proudly offers a 12-month guarantee on rates

    • Has some auto insurance discounts

Cons
    • No specific senior discount available 

    • Discounts are somewhat limited in comparison to some other auto insurance providers, who are more generous with them 

    • Their website is not as extensive as some of its competitors 

    • Can take up to 10 minutes to receive an online quote

Pricing

Costs fluctuate for auto insurance from Liberty Mutual depending on a senior’s particular needs, coverage choices, deductible, premium, liability and limit of liability all contribute to pricing. 

The Bottom Line

Discounts are available from Liberty Mutual, but lowering the auto insurance price significantly isn’t possible with the company. Seniors who are on a tight budget won’t be pleased to learn that there’s no senior discount from Liberty Mutual. Online quotes can be received, but it’s advised to call the company for quicker quotes and to get advice if needed. 

 

10. Esurance Auto Insurance

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

Overview

Esurance has built a good user experience so that seniors who need auto insurance can get the right policy for them, and at a price that makes sense for their budget. They have a team of Coverage Counselors who help seniors determine what coverage they need as it can be a daunting task to undertake. The company provides standard liability coverage, vehicle-based coverage, and medical coverage options as well. Other coverages include collision and comprehensive, emergency roadside service, rental car, and personal injury protection, and other options.

A great aspect of Esurance is that they have lots of discounts available for seniors to take advantage of compared to an average auto insurance provider. Some of these discounts are multi-policy, multi-car, homeowners, and Switch & Save.

Pros
    • Can connect with a Coverage Counselor and by using their CoverageMyWay tool it can help seniors find the ideal coverage for their unique needs

    • Multiple discounts can be earned 

    • Has an A+ financial rating

    • Esurance claims to settle the majority of auto damage claims in 10 days or less

Cons
    • A senior discount is available but only for seniors who successfully complete a defensive driving or driving improvement course

    • Not every discount is available in all areas

    • Not all states are supported by Esurance

Pricing

Auto insurance pricing with Esurance depends on the typical variables including driving record, the vehicle you drive, deductible, premiums, and coverage needs. Pricing is lowered with help from discounts. 

The Bottom Line

 

Esurance has a good collection of auto insurance coverage and discounts which are readily available to take advantage of. The company is great at helping with understanding their coverage options and selecting the ones that are needed so paying for unnecessary ones doesn’t happen, and this approach ultimately saves customers money.

Seniors and Driving

Seniors are increasingly getting more active on a daily basis, and driving longer into their lives and operating vehicles safer than ever before as well. An interesting stat – more than 3.5 million seniors over the age of 80 currently hold a valid driver’s license in America, according to Michael Tortorello, a contributor to Consumer Reports. 

 

Getting around is an important element to most senior’s lives, and as a result, they elect to have a vehicle and drive on a regular basis. Public transportation can be challenging to utilize, taxis can prove to be inconvenient, and for health reasons or other factors – some seniors are choosing to drive as long as they can. Driving offers a nice level of freedom for seniors to stay active, to maintain solid relationships with their family and friends, stay involved with community activities and events, and to get groceries and other needed products from stores.

Why Is Auto Insurance Important to Seniors?

Auto insurance is important to seniors who drive because the law requires that their vehicles have and maintain coverage to be legally on the road. Minimum liability is typically the only coverage that is required, but many seniors also decide to have other insurance in case of an accident happening. Every senior has different needs, and auto insurance coverage should reflect and address those needs in their policy, so driving can be done with confidence. 

Do Seniors Have to Pay More Even Though They Drive Less?

The National Association of Insurance Commissioners tells us that some discounts are specifically designed for seniors who limit their driving, or those who drive only during daytime hours. Other discounts are regularly available from auto insurance providers for seniors, from taking a defensive driving course to bundling multiple types of coverage to other savings available from certain companies – seniors can at times actually pay less per month than responsible young drivers. 

 

If your driving experience is solid, your driving record is clean or relatively clean, and you drive in a limited capacity – be sure to learn how you can save lots of money on your auto insurance. Be sure to also compare policies from a few different providers before committing to one, in order to get the best coverage and pricing possible.  

Scroll to Top