Why do auto insurance rates increase for seniors?

In general, seniors qualify for more affordable car insurance than younger drivers because mature drivers tend to have more experience behind the wheel. But drivers 70 and older have a higher risk of vehicle accidents. As a result, the average cost of car insurance rates for drivers tends to increase around this age as well.For more insight, you can speak to a licensed insurance agent.

Does the cost of car insurance go down when you retire?

Retiring won’t specifically affect your auto insurance premium, but you can save money on car insurance when you retire in a few potential ways.For example, if you’re driving your vehicle less in retirement, you can search for an insurer that offers low-mileage car insurance. This type of insurance coverage might make sense for you if you don’t plan to put many miles on your vehicle after you stop working.

Which company has the cheapest car insurance for seniors?

Senior drivers in Texas may find the cheapest car insurance for seniors with State Farm. The average State Farm monthly quote for senior drivers is $28 for liability-only coverage and $51 for full coverage.But it’s a good idea to compare rates from multiple insurance companies to make sure you find the best auto insurance and premiums for your budget. Your personal driving record, driving habits, coverage selections, deductible, car insurance discount options, and other factors can affect your premiums.

Does AARP have cheaper car insurance?

Some senior citizen drivers might save money on auto insurance by using the AARP Auto Insurance Program through The Hartford. AARP members 50 and older may qualify for a discount of up to 10% on their insurance premiums using this program.

Compare Car Insurance Rates for Senior Drivers in Texas From $28/mo.

Best companies
Rates for seniors
Senior driver discounts
FAQs

Best companies
Rates for seniors
Senior driver discounts
FAQs

Senior drivers in Texas in their 60s pay an average of $93 per month for liability car insurance and $191 for full coverage. But older drivers in their 70s and 80s will likely face increased auto insurance premiums.

One of the best ways to find cheap coverage as a senior driver is to compare car insurance quotes online. Here’s what you need to know about car insurance for senior drivers in Texas.

Quick Facts

Senior drivers pay lower insurance rates compared to young drivers thanks to more driving experience.
Drivers 70 and older often see insurance premiums increase because the risk of having an accident rises again with age.
Many car insurance companies offer policy discounts for senior drivers that can help you manage the cost of your auto insurance premiums.^[1]

Best car insurance companies for seniors in Texas

If you’re looking for car insurance in Texas, it’s a good idea to shop around and compare quotes from multiple car insurance companies to find the best deal available. Below, you can learn more about a few of the best car insurance companies for senior drivers in the Lone Star State to help make the research process easier.

State Farm: Best for low rates

Low RatesState Farm

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User Reviews	3.2
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	9.3/10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$37/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$67/mo

Overview

State Farm is a good option for senior citizens in Texas interested in finding the cheapest car insurance rates. The company offers several insurance endorsements and about a dozen discounts. Customers have the opportunity to bundle auto coverage with other insurance products, like homeowners or renters coverage.

Pros and cons

Pros

Multiple available car insurance discounts
AM Best financial strength rating of A++ (Excellent)

Cons

Gap insurance not available
Accident forgiveness not available

Reviews (4,847)

USAA: Best for veterans, military members, and their families

Veterans, Military Members, and Their FamiliesUSAA

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User Reviews	3.6
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	9.4/10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$66/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$119/mo

Overview

USAA offers low-cost car insurance for eligible senior citizens in Texas. To qualify for a car insurance policy from USAA, senior drivers must have a military connection — either as a current or former military member or an eligible family member. USAA’s rates are lower than the national average.

Pros and cons

Pros

Variety of available discounts
Affordable car insurance rates for veterans, military members, and their families

Cons

Not all drivers are eligible for insurance coverage
No physical locations

Reviews (897)

GEICO: Best for accident forgiveness

Accident ForgivenessGEICO

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User Reviews	3.1
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	9.0/10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$40/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$73/mo

Overview

GEICO is another solid car insurance company worth considering for senior drivers in the state of Texas and elsewhere. Unlike some other insurance companies, GEICO offers eligible Texas drivers the opportunity to earn or purchase accident forgiveness coverage — a benefit that could save you money if you or someone on your policy is in an at-fault accident.

Pros and cons

Pros

Wide range of available discounts for senior drivers
User-friendly mobile app and website

Cons

Guaranteed renewal program for older drivers not available in Texas
Rideshare and gap insurance not available

Reviews (5,563)

Cost of car insurance for senior drivers

As you age, your insurance risks change, and insurers will adjust your car insurance costs according to your age group.^[2] In general, drivers in their 60s pay the lowest insurance premiums by age, but drivers age 70 and older begin to see a slight increase in the price of their car insurance rates.

Compare average liability quotes by driver age for senior drivers in Texas.

Senior Driver Rates

Category ▲▼	Price ▲▼
60	181
70	195
80	206

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Discounts for senior drivers

Depending on your age, driving record, and financial situation, Texas car insurance rates could become more difficult to manage for some senior drivers. Yet if you shop around, you may find that some insurers offer senior discounts that have the potential to save you money and help you find more competitive rates.

Below are some examples of car insurance discounts that might be available from different auto insurance companies.

Mature driver discount: A senior discount may be available to drivers older than 65. You might need to meet certain criteria to qualify, such as having a clean driving record or maintaining continuous insurance coverage.
Good driver discount: People without a recent speeding ticket on their driving record or who haven’t had any at-fault accidents for a certain period of time may be eligible for this type of discount from certain insurers.
Defensive driving course discount: Some insurance companies may offer senior drivers a discount for taking a defensive driving course. But mature drivers might have to repeat the course every few years to keep their lower rates.
Military member discount: Veterans, active-duty military members, and drivers facing emergency deployment may qualify for discounts on their car insurance rates from many different insurance companies.
AARP member discount: The AARP Auto Insurance Program from The Hartford offers senior drivers discounts on auto insurance.
Low-mileage driver discount: If you’re a senior who drives limited miles, you may be able to find an insurance company that offers lower premiums for low-mileage drivers.

Car insurance for seniors FAQS

As a senior driver in Texas, it’s important to search for the cheapest rates and the best insurance products for your specific coverage needs. The following information can help answer your remaining questions about car insurance for seniors.

Why do auto insurance rates increase for seniors?
In general, seniors qualify for more affordable car insurance than younger drivers because mature drivers tend to have more experience behind the wheel. But drivers 70 and older have a higher risk of vehicle accidents. As a result, the average cost of car insurance rates for drivers tends to increase around this age as well.
For more insight, you can speak to a licensed insurance agent.
Does the cost of car insurance go down when you retire?
Retiring won’t specifically affect your auto insurance premium, but you can save money on car insurance when you retire in a few potential ways.
For example, if you’re driving your vehicle less in retirement, you can search for an insurer that offers low-mileage car insurance. This type of insurance coverage might make sense for you if you don’t plan to put many miles on your vehicle after you stop working.
Which company has the cheapest car insurance for seniors?
Senior drivers in Texas may find the cheapest car insurance for seniors with State Farm. The average State Farm monthly quote for senior drivers is $28 for liability-only coverage and $51 for full coverage.
But it’s a good idea to compare rates from multiple insurance companies to make sure you find the best auto insurance and premiums for your budget. Your personal driving record, driving habits, coverage selections, deductible, car insurance discount options, and other factors can affect your premiums.
Does AARP have cheaper car insurance?
Some senior citizen drivers might save money on auto insurance by using the AARP Auto Insurance Program through The Hartford. AARP members 50 and older may qualify for a discount of up to 10% on their insurance premiums using this program.

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
Property damage limits between $10,000 and $50,000
No additional coverage

Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:

Comprehensive coverage with a $1,000 deductible
Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

Insurance Information Institiute. "Senior driving safety and insurance tips."
Insurance Information Institute. "What determines the price of an auto insurance policy?."

Michelle Lambright Black

Michelle Lambright Black is a credit expert, freelance writer, and founder of CreditWriter.com. She has over 20 years of experience writing and speaking about credit and money, and focuses on helping families and small business owners make smart, informed decisions about their credit, money, and financial products (including insurance). Michelle's work has appeared in publications such as Yahoo! Finance, Reader's Digest, Parents, FICO, Forbes, Bankrate, The Seattle Times, MarketWatch, BuySide from Wall Street Journal, USA Today, and more. She's also a three-time finalist for the best personal finance freelancer award from the Plutus Foundation. When she isn't writing or speaking about credit and money, Michelle loves to travel with her family or read a good book. You can connect with Michelle on Instagram or Twitter.

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Edited byKatie PowersAuto and Life Insurance Editor

Katie PowersAuto and Life Insurance Editor

Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

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Table of contents

Table of contentsCompare quotes

Best car insurance companies for seniors in Texas

State Farm: Best for low rates

Low RatesState Farm

USAA: Best for veterans, military members, and their families

Veterans, Military Members, and Their FamiliesUSAA

GEICO: Best for accident forgiveness

Accident ForgivenessGEICO

Cost of car insurance for senior drivers

Senior Driver Rates

Shop for Auto Insurance in Texas

Discounts for senior drivers

Car insurance for seniors FAQS

Methodology

Sources

Compare Car Insurance Quotes Instantly

Table of contents