Who Has The Cheapest Car Insurance For Seniors?

Written By: William Rivers
Reviewed By: William Rivers
Published: November 30, 2021
Last updated: November 27, 2023

Seniors looking for a car to get around town or to travel the world would need to invest in a car insurance policy to keep themselves legally and financially covered in the event of an accident. The good news is that seniors can score special deals and discounts based on certain qualifications. 

Insurance companies that provide the cheapest car insurance deals for seniors include State Farm, GEICO, and Nationwide. 

State Farm

State Farm offers savings for seniors with a good driving history and those that own cars with certain safety features. Their Drive Safe & Save program rewards those who learn how to drive safely through smartphone data or vehicle data with potential discounts. Finally, senior drivers who drive less than 7,500 miles on an annual basis can get extra savings. 


GEICO has a special plan for seniors aged at least 50 years called Prime Time. It rewards those who have had no violations or accidents in the past 3 years and don’t use their vehicle for business purposes. Retired government employees who complete a defensive driving course, or have multiple car insurance policies may also get discounts.


Nationwide gives seniors who are free of at-fault accidents and major violations special discounts. Those aged 55 and over can also complete a state-approved safety course to score some savings. In addition, they offer flexible monthly rates based on how many miles you drive. A one-time discount is also given for automatic bank payments. 

Since car insurance rates can vary greatly depending on your state, driving history, car model, and miles you drive, it is best to compare quotes from several companies for the biggest savings. Considering when seniors should stop driving is an important aspect of maintaining road safety and personal well-being.

Read on to explore other ways to score senior discounts and browse our other articles on Senior Strong! 

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William Rivers is an editor with a master’s degree in Human Services Counseling at Maine State University. He has more than 20 years of experience working in the senior healthcare industry.
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