As you get older and qualify for Medicare insurance, you may realize that the insurance rates and premiums for your car increases. This is because compared to younger people, insurance companies view senior citizens as high-risk drivers and therefore, increase their insurance rates. This will go on until you are well into your 70s, 80s, and stop driving totally. But this isn’t something to worry so much about, there are insurance companies that give special consideration to senior citizens on Medicare.
Here is a list of Auto Insurance providers you should consider as a senior citizen:
Geico Auto Insurance
This may be the best auto insurance for you regardless of your age, state, or medicare insurance provider. Geico’s rates may be the cheapest you will find and they have guaranteed renewal policies for drivers over 50 years old (called Prime Time contract). This means that you have lifetime renewability.
When you buy or renew your policy with Geico insurance, you automatically qualify for their Prime Time contract if you haven’t had a traffic violation or accident in the last three years, don’t use your car for business purposes and you don’t have an operator less than 25 years old.
Hartford Auto Insurance
If you have a Medicare Advantage or medical insurance plan with AARP, Hartford Insurance company may be the best auto insurance for you. The AARP/ Hartford insurance is specially designed for people age 50 and above and it offers you exclusive discounts (defensive driving discounts, multi driving discount, military discount, etc.), cheaper rates, lifetime car repair assurance, and so on.
If you have a Medicare Advantage plus plan with AARP, you get even more perks such as first accident forgiveness, disappearing deductible, and waiver of deductible if you are not at fault for an accident.
USAA Auto Insurance
If you are a former military member or a veteran or someone in your family is one, then the best auto insurance for you may be the USAA insurance. This is probably the most affordable option for you and they also boast of great customer service which is an added advantage.
Other benefits you get include family discounts, annual mileage discounts, multi-vehicle, safe driving, and defensive driving discounts. You also save on coverage when you sustain for membership for a long time and when your care is parked on a military base.
Metromile Auto Insurance
As you age into your 60s, you may start driving less often. Perhaps only to get supplies or a visit to the park once in a while. Metromile may be a great consideration for you as they offer a pay per mile insurance option. This means that they count your mileage and then charge you. With this insurance, you may also save a sum per mile when you maintain a low monthly mileage consistently.
Make sure you check within your states and compare the rates before buying a policy as rates and discounts may vary in your state. The cheapest option in one state may not be the same in other states.