Best Car Insurance For Seniors - Many major insurance companies offer discounts on home and auto insurance packages that can save drivers hundreds of dollars each year. Progressive has the cheapest rate to bundle your home and auto insurance at $1,308 per year, while Allstate offers the biggest discount of 24 percent on bundled auto and home insurance.
Collected quotes from the five largest insurance companies in the country for auto insurance policies, home insurance policies and companion insurance policies for vehicle and home.
Best Car Insurance For Seniors
Progressive has the cheapest total rate of $1,308 per year for combined home and auto insurance. Depending on the insurance company and their driver profile, drivers can save more than 20% on combined policies.
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Some companies, including State Farm, offer package pricing through agents only. Rates vary depending on where you live. For example, homeowners insurance in Florida is expensive in most parts of the state, but auto insurance is cheap around Gainesville.
The best car insurance and home insurance package is one that offers you the best discounts on both policies at a reasonable price.
Just because a company offers cheap auto insurance doesn't mean they offer affordable rates for homeowners insurance, and vice versa.
These aren't the only companies you can join - they're just a small sample of the biggest ones. Every major insurance company has bundled policies and discounts.
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If two policies cost more than separate policies from two companies, you may not want to bundle.
If State Farm's package costs $1,000 for auto and $1,000 for home, for a total of $1,800 after rebates, but you get a home policy at Progressive for $700, you should go with State Farm for auto. And if your goal is to save on insurance costs, home progressives.
With all this said, there are still some factors to keep in mind that can make the package more expensive in the long run.
If your package requires you to switch to another carrier, we recommend that you look into cancellation fees and possible coverage lapses.
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Most major insurance companies don't charge cancellation fees, but we've noticed that some, like Esurance and Mercury, charge a fee to cancel your policy before it expires.
Fault in car insurance is another thing to look out for, as it can be quite expensive. We've found that when you go to buy a policy again, your rates can be 8% more expensive even if your rates are less than 30 days old. And rates can be 35% more expensive for more than 30 days.
For example, typically at the end of the auto insurance quote process, your insurer will ask if you want to add a homeowner's policy.
Many people have their car policy with one company and their home policy with another.
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We recommend that you give your auto or homeowners insurance company at least 30 days written notice of your intention to cancel service.
By notifying the company, you should ensure that they stop billing you at the end of 30 days. It also removes any confusion about when you should have another insurance policy.
Accidentally canceling a policy can leave you with a gap, which we've found with car insurance, can be very expensive - even if it's less than 30 days.
When you tell your insurance company that you intend to cancel, you must have another company that you want to package your policy with.
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You can set the start date of the new policies (or both) on the day your insurance with the old company ends.
Insurance companies offer bundled discounts on different types of policies, including home, auto, motorcycle, life and renters. As mentioned, the most common packages offered by insurers include home and auto insurance.
In terms of price, Progressive offered the best home and auto insurance package in our survey with an average annual rate of $1,308. Allstate offers the highest discount on home and auto insurance packages at 24%.
Most insurers offer discounts on home and auto insurance, combining the two can save you money. Additionally, it can be easier to go to the same insurance company for both your home and vehicle. That being said, your cheapest option may be to get home and auto insurance through different companies. The key is to compare rates to ensure you get the best deal available.
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We looked at five of the nation's largest insurance companies to see which offer the best overall discounts on home and auto insurance policies. All rates are sample quotes for a 31 year old single male living near Indianapolis. He has a comprehensive insurance policy for his 2016 Honda Civic, which has had no recent accidents or traffic violations.
He has $230,000 in homeowner's coverage on his home, which had its roof last replaced in 2010.
To obtain a phone insurance policy, call (855) 596-3655 Agents are available 24 hours a day, 7 days a week! We've found that the best auto insurance for most seniors is State Farm, which has some of the cheapest rates in the country. Hartford is our pick for the best insurance for seniors who are AARP members. Seniors who are AARP members can receive special discounts and certain points (at no additional cost) from The Hartford.
The easiest way to find the best (and cheapest) car insurance for seniors is to compare rates from multiple companies. can help you do it safely and for free.
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It found the cost of car insurance for seniors using rate data from 130 companies. We also consider JD scores. We used Power's 2021 Auto Claim Satisfaction Study and complaint data from the National Association of Insurance Commissioners (NAIC).
Our data experts analyzed the rates provided by Quadrant Information Services from every zip code in the country for drivers ages 60, 65 and 70. The average rates in this study are for full coverage auto insurance for a 2017 Toyota Camry with the following limits:
Some operators may be represented by affiliates or subsidiaries. The rates provided are examples of costs. Your actual quotes may vary.
Ratings How we rate: Ratings are determined by our editorial team. Our methodology takes into account many factors, including price, financial rating, quality of customer service and other product-specific characteristics.
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State Farm has the best auto insurance rates for seniors of any major insurance company. Its national footprint makes it easy to get in touch with any queries. State Farm also receives fewer complaints than average.
State Farm is our pick for the best auto insurance for seniors. On average, full coverage auto insurance from State Farm costs $90 per month for senior drivers. That's $491 a year less than the average cost for all seniors.
In addition to cheap auto insurance rates for seniors, State Farm has reliable customer service and far fewer policyholder complaints than some competitors. [1]
If you have questions about your policy or need help with a claim, you can contact State Farm's network of nearly 20,000 agents.
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While State Farm doesn't offer many coverage add-ons (gap insurance isn't available for leased or financed vehicles), it does have some useful ways to personalize the policy. Optional coverages include emergency roadside assistance and replacement rental car coverage if your car is in the shop.
AARP auto insurance by The Hartford allows members free access to a handful of discounts and coverage benefits, including new car trade-in and post-accident reimbursement.
The Hartford partners with AARP to offer members-only senior auto insurance. With Hartford, seniors can get some extra coverage points for free, such as:
Drivers can also add additional coverage and features for a price, such as accident waivers, roadside assistance, disappearing deductibles, and rental car reimbursement after an accident.
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Hartford doesn't have the cheapest insurance rates for seniors, but they are only $9 more expensive than average per year. Plus, you may qualify for additional discounts – such as savings on one-off car insurance or a wrap policy.
Seniors who want affordable auto insurance should consider MAPFRE (if they live in a state where MAPFRE is available). MAPFRE discounts mean older drivers can save even more on insurance.
We found that MAPFRE has the best car insurance rates for seniors of any company. Drivers over age 60 can get coverage for an average of $77 per month (or $929 per year) — cheaper than the $642 per year average.
Senior drivers on a budget looking for cheaper rates can lower their car insurance rates even further if they qualify for some MAPFRE discounts. With MAPFRE, senior drivers can save by:
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Drivers can also add accident waivers, disappearance deductibles, emergency roadside assistance and rental car reimbursement.
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