When selecting an auto insurance company as a senior, you need to ask the right questions. Do you offer senior discounts? How about bundling? If I’m a member of AARP do I save? And so forth. You’re entitled to savings and discounts, without compromising on the level of coverage you’re going to receive, in the event you are involved in an accident. So, for seniors who are shopping for a new auto insurance policy, and want to find the best premium rate, these are a few of the top companies you’ll want to consider.
1) The Hartford
It’s specifically designed for seniors with AARP, so it’s obviously a good route to go when choosing your auto insurance. If you’re 55 or older, the Hartford specifically has policies in place for you. Yes, they are pricey, and they do charge a premium to be a member. However, they offer
- Locked in price guarantees after 60 days
- The highest levels of coverage for seniors
- Guaranteed approval and coverage
- AARP discounts
- A 24/7 claims hotline
- No increase in policy rates if you are in an accident
And, these are just a few of the perks. The insurance company is geared towards senior drivers, and safe drivers. It’s an obvious choice if you’re 55 years of age or older.
It’s one of the most well known, if not the most well known company out there. Excellent customer service guarantees, the best provider for guaranteed renewal, and they offer various discounts for seniors as well. They offer a unique contract guarantee for senior drivers who are 50 or older, with guaranteed renewal built in. They also offer discounts for safer cars (anti-lock brakes, sensors, parking assistance, etc), and they have an app tracks your driving record/safety. The safer you are, the more you’re going to save as a senior driver. Discounts are offered every 6 months for safe driving as well.
They’re small and not as well known as others on the list, but like the Hartford, they target senior drivers with great rates and insurance benefits. They have a high customer service satisfaction rate, zero deductible lock in rate, and SafetyServe is a defensive driver program offering discounts to safe drivers. They also offer guaranteed acceptance for seniors with a safe driving record, and if you are a homeowner, you get automatic updates and discounts if you pay your premium automatically each month (bank debit).
4) Farmer’s Choice
If you’re a senior with multiple policies, they are probably one of the top contenders to turn to. If you are bundling, you’ll save a great deal on your auto insurance rates with this insurer. A defensive discount driver program is also in place for 55 plus seniors who take a DMV approved safety course and provide proof of completion. For those who use EFT payments and pay each month automatically, rather than pay by check/cash, you will also receive a discount on your policy premium rates as a senior. If you switch from another insurer, they also offer a discount as long as there’s no lapse between switching, for making the transition over to Farmer’s
For seniors who are retired, or working part time, and are 55 or older, Allstate offers special discounts on your auto insurance rates. The company also offers the Drivewise app you can connect to. This is an app where you plug into your car, and it tracks your driving history. The safer you are behind the wheel, and if you’re accident free, you’re going to receive automatic discounts from the company after six months of driving with them.
There are obviously several other insurance companies you can choose to buy your auto insurance policy through as a senior. However, these are a few of the best if you want a senior-specific policy, and an insurer that will guarantee coverage, no matter how old you are. With these great insurers, not only are you going to find the best level of coverage as a senior driver, but you are also going to find built-in perks and specials, so that you can save over the course of the year, on your annual premium with your auto insurance provider as well.