We’ve previously covered car trade insurance NI policies. Today, we’ll find out which is the best auto insurance for seniors over 80 years. Read our guide for the top 3 highly-rating insurance companies in the country.
Regardless of age, you are required to have a valid car insurance. However, car insurance requirements for seniors over 80 years may not be the same as those for younger drivers. Younger drivers may need car trade insurance but for seniors, their requirements are much different. For example, in your senior years, you may retire, stop commuting, buy a car that fits your new lifestyle, and even move to a new state.
With all these changes in your life, you need an insurance cover that will address the new realities.
There are a lot of insurance companies on the market. As a result, it can be quite tricky to find the best auto insurance for seniors over 80 years old.
Which is the Best Auto Insurance for Seniors?
As a senior, you want an insurance policy that comes with comprehensive coverage, generous discounts for a cheaper premium (e.g., savings aimed for senior drivers), and a variety of endorsements. The company you sign up with should also have good customer care, options for managing your policy both on your smartphone and online, and high ratings from independent firms.
Best Auto Insurance for Seniors Over 80 Years Old
Below are the best auto insurance covers for seniors over 80 years:
- Best Overall and Best on a Budget: State Farm
- Best for Veterans: USAA
- Best for AARP Members: AARP Auto Insurance Program from The Hartford
1. Best Overall and Best on a Budget: State Farm
- Average Premium for 80-Year-Old:$880
- Purchasing Options: Local agent, phone, online
- Discounts: Discounts vary by state
According to multiple independent ratings, State Farm offers some of the most affordable auto insurance for seniors over 80. The company’s insurance policies feature multiple discounts, low average premiums, good accessibility and have excellent third party ratings.
- High ratings for customer satisfaction and financial strength
- Low average premiums for auto insurance packages for seniors over 80 years old
- Multiple discounts available
- Discounts vary depending on state
- Coverage not available all across the US
- Has fewer add-on coverage than some competitors
State Farm Senior Insurance Review
State Farm takes the lead as the best overall car insurance provider for senior citizens. The company has affordable policies, with the average premium cost for an 80-year old drive being $73 a month (or $880 a year).
Not only does State Farm offer affordable rates, but its policies come with additional discounts for drivers. Seniors who sign up for the policies can save even further through the following:
- Installing an anti-theft device on their car
- Having a car with advanced safety features
- Enrolling in the Drive Safe & Save program
- Bundling multiple policies
- Taking a defensive driving course
- Having a clean driving record
The main perks of State Farm insurance for seniors are the wide discounts. However, keep in mind that the discounts are available only in select state. For example, California senior drivers can take advantage of mature driver improvement course. However, if you are in another state, this discount is not available.
Coming to coverage, State Farm fall a bit short when compared to its biggest competitors. With State Farm, seniors only get a few add-on coverages, including:
- Rideshare insurance endorsement
- Rental car reimbursement
- Roadside assistance
Also, keep in mind that State Farm senior insurance coverage is not available nationwide. At the time of writing, the coverage is not available in Rhode Island and Massachusetts.
Coming to accessibility, State Farm ranks high. This is one of the top insurance providers for seniors that allows you to purchase cover online. Moreover, you can manage your policy through their mobile app and online customer portal. Policy holders can also file and track claims through the app or online 24/7.
When it comes to independent ratings, State Firm is highly recommended. For example, J.D> Power rates it as the best insurance provider for seniors for overall customer satisfaction in New York, Florida and the Northwest region. Other notable ratings include an above average rating for claim satisfaction by J.D. Power and A++ financial strength rating by AM Best.