Your Auto insurance rates are based on a variety of factors such as your driving record, mileage, the car you drive and your age.
Rates are highest for drivers in their teens and early 20s, tend to fall for those aged 30 to 60-something, and then start climbing again around age 70. Drivers in this older range often drive less and are more experienced, but vision and reflexes can decline and injuries may be more severe.
Because circumstances change as you age, there are practical steps seniors can take to keep premiums affordable; for additional related guidance, see Considerations for Older Workers and Seniors.
Ways senior drivers can save on Auto insurance
- Update your mileage. You can get a discount of 5% to 10% if you no longer commute or drive long distances.
- Use a telematics device. A usage-based or pay-as-you-go Auto insurance program can reduce premiums by 5% to as much as 40%.
- Take a class. Most states require Auto insurers to offer "mature drivers" (who can be as young as 55) a discount of 5% to 15% for completing an accident-prevention course.
- Exclude a driver. In some states, you might be able to drop coverage on a driver who no longer gets behind the wheel.
- Make your car safer. Some insurance companies offer discounts for anti-theft devices, airbags and anti-lock brakes.
Bear in mind that drivers of any age can use some of these methods to save on Auto insurance, and other common options include raising your deductible or reducing optional coverage; for more general cost-saving ideas, see Ways to Save on Auto Insurance.
To make sure you get the protection you need at a cost you can afford, consider talk to an agent who can review your policy options and available discounts.
Frequently Asked Questions
Do insurers check mileage for senior drivers?
Yes. Many insurers ask for estimated annual mileage and may offer low-mileage discounts if you drive significantly less than you used to.
Will taking a defensive driving course lower my premium?
Completing an approved accident-prevention or defensive driving course often qualifies you for a discount, though the amount varies by insurer and state.
Can I remove a household member from my policy if they no longer drive?
In some states you can exclude a non-driving household member from coverage, but rules vary and you should confirm details with your insurer.
Do safety features still affect rates for older cars?
Yes. Features like anti-theft devices, airbags and anti-lock brakes can reduce premiums even on older vehicles, depending on the insurer.