What Is the Senior Driver Discount?

Some car insurance providers offer discounts for senior drivers. This article will show you which ones you might be eligible for.
Smiling senior driver on road

Age can play a major role in how much your car insurance costs. Young motorists often see the highest rates, but older drivers can also have higher costs. In general, you may see a rise in your rates after the age of 60. On the other hand, providers also see you as “mature” and less accident-prone. Because of this, insurers may offer you a senior driver discount.

In this article:

  • Types of senior discounts
  • Insurers with discounts for seniors drivers
  • Frequently asked questions

Types of Senior Discounts

Insurance companies offer older drivers many ways to curb rising premiums. However, you most likely won’t find anything called a “senior discount” on most insurer websites. Even so, most carriers offer older drivers a variety of ways to lower rates. Below is a list of common rewards for elder motorists:

Safe Driver

The safe driver discount is great for seniors, saving them up to 40% on car insurance rates. The exact amount will depend on the insurer. You can usually qualify by maintaining a driving record that’s free of tickets and accidents for about five years.

Many older motorists find it easy to qualify because they have more time to build a clean driving history. Mature drivers also tend to make smarter decisions, which points toward a cleaner DMV record.

Some insurance companies offer an accident-free or claims-free discount rather than one for safe driving. Check with your provider to find out which rewards they give to senior drivers that don’t cause crashes or file claims.

Defensive Driving

As you grow older, you can take steps to show insurers that you’re trying to be a safer driver. Some companies offer savings to seniors who take a defensive driving course. To qualify, you usually need to take a class offered by your state’s Department of Motor Vehicles (DMV) or an approved third party. Then, you’ll be able to show a certificate of completion to your insurance provider.

People 55 years of age and older (or 50 years old in some states) qualify for a discount when they complete a defensive driving course. The only other requirement is taking a driver’s education course endorsed by your provider. Not all car insurers reward seniors this way. Be sure to speak with your agent about whether they have it. They can also help you figure out how to get it.

Retired Government and Military

Some insurers offer savings for former government employees or service members in the form of a military discount. This comes in handy for seniors because they’re likely retired and on a fixed budget. Not all companies offer this benefit. It’s worth checking with your provider if you’ve retired from a government job or military role.

You may also be able to get lower rates for military affiliations. This is where you save money just for being affiliated with the military in some way. The military discount can usually save you up to 15% on your auto rates.

Low Mileage

It’s common for older people to use their car less. This is mainly because they’re often retired and don’t need to commute. If you put between 7,000 and 12,000 miles per year on your odometer, you could see lower rates. However, most insurers don’t offer a named discount for low mileage but will reduce your rates for keeping yearly mileage low.

Customer Loyalty

Insurers will often reward you for customer loyalty. One way to demonstrate your staunch devotion to their brand is by staying with one company for a long time. Another way is by purchasing all of your insurance products from the same provider. For instance, bundling your home and auto with the same carrier will be rewarded. Discounts for paying premiums in full before the effective period are also common.

These discounts slash a big percentage off premiums. The exact amounts vary. But as an example, GEICO claims that their multi-vehicle customers can save up to 25%.

Senior Driving Discount of America

Many insurance companies offer a mature driver discount for customers who take an online driver skill improvement class. Senior Driving Discount of America offers online education specifically designed for people 50 years of age and older. Course names vary by state and pricing is very reasonable, often less than $20, for a program that can save you hundreds of dollars a year.

Once started, instruction only takes a few hours to finish. Upon successful completion of the class, your certificate goes to the email address you registered with. You’ll also have access to a digital copy to download through your account. This class is 100% online and you can work at your own pace, taking as much time as you need.

Insurers with Discounts for Senior Drivers

Almost all insurers offer ways for older drivers to save money on auto coverage. Here’s a list of some top companies that provide discounts to seniors:

Be sure to speak with your agent about any discounts for seniors. You’ll probably get one. Most providers have something in their system that helps lower your premium. Your agent will be able to tell you exactly how much you can save.

Frequently Asked Questions

Should older drivers use pay-per-mile insurance?

Pay-per-mile or usage-based car insurance is a good option for older drivers. Seniors drive fewer miles than other age groups. So, pay-per-mile would help you pay for only what you need. Companies like Metromile offer this sort of coverage. But other top providers offer programs, too. It’s wise to compare prices between pay-per-mile and traditional providers.

Do senior citizens pay more for coverage?

Generally, retirees pay more for coverage than middle-aged drivers. According to the Insurance Institute for Highway Safety (IIHS), older drivers are at a higher risk of getting into accidents. This situation is especially true for drivers who are 85 years and older. Because of this risk, insurers charge seniors more for their car policies. Fortunately, you can take advantage of any older driver discount to lower your costs.


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