Which insurance company is best for senior citizens?

There's no single "best" insurer for all seniors, as it depends on the type of insurance (auto, life, health) and individual needs, but top contenders for auto include Travelers, USAA, and Nationwide for good rates/service; for life, Protective, Pacific Life, and Nationwide offer strong options with living benefits; and for Medicare Supplement, major carriers like Aetna, Cigna, and Humana provide Medigap plans. Always compare quotes, as prices vary significantly by location and personal factors.

Is it true that State Farm is giving seniors free car insurance?

State Farm offers a defensive driving discount that seniors can qualify for, though the discount is available to drivers of any age. Like most insurance companies, State Farm does not have a senior discount that automatically lowers rates for all older drivers.

Who has the lowest insurance rates for seniors?

Cheapest Car Insurance Companies for Seniors

GEICO offers the cheapest car insurance for senior drivers nationwide, with rates averaging 36% below the national average across all coverage levels. Seniors choosing GEICO save between $600 and $1,150 annually compared to typical rates for drivers 65 and older.

What is the best insurance for a 70 year old?

Medicare is the best health insurance option for seniors and retirees. Medicare has both the best benefits and cheapest rates for people age 65 and older or who have a qualifying disability. You can choose between two different options: Original Medicare and Medicare Advantage.

What is the best insurance coverage for seniors?

Medicare. Medicare is a federally funded insurance program for eligible participants 65 or over. Medicare has two parts, Part A (Hospital Insurance) and Part B (Medical Insurance).

Best insurance companies for Senior Citizens

Does car insurance go up when you turn 65?

Premiums often start creeping upward around age 65–70, with sharper increases seen in the 70s and beyond. Some states regulate how insurers can adjust rates for age, but most allow companies to factor in age-related risk.

Is it better to go on Medicare or stay on private insurance?

Neither Medicare nor private insurance is universally "better"; the best choice depends on individual needs, but Medicare often offers lower overall costs and simplicity for seniors, while private insurance excels in covering dependents and potentially offering more choice with networks/out-of-pocket caps, though at higher premiums. Medicare boasts lower admin costs and standardized coverage, but Original Medicare lacks an out-of-pocket maximum, a feature typically found in private plans and Medicare Advantage (Part C). 

What does $9.95 a month get you with Colonial Penn?

For $9.95 a month from Colonial Penn, you buy one "unit" of guaranteed acceptance whole life insurance, not a specific dollar amount of coverage, with the actual benefit amount depending on your age, gender, and state, generally for ages 50-85, featuring a two-year waiting period for natural deaths and no medical exams. 

Which insurance company is best for Medicare for seniors?

These eight insurers rank among the most reputable and financially stable Medicare Supplement companies in 2026.

• UnitedHealthcare / AARP – Best Plan Pairing: Plan G or Plan N. ...
• Cigna Healthcare – Best Plan Pairing: Plan G. ...
• Humana – Best Plan Pairing: Plan N. ...
• Aetna (CVS Health) – Best Plan Pairing: Plan N.

Does AARP really save you money on car insurance?

$577 Average Member Savings

You could save hundreds on car insurance with AARP Auto Insurance from The Hartford. Members can get exclusive savings like up to 10%* off their premium, plus discounts for requesting a quote online or for bundling auto and home policies.

Who is cheaper, Geico or Progressive?

Generally, Geico is cheaper than Progressive for most drivers, especially those with clean records, offering lower average premiums for full and minimum coverage. However, Progressive can be cheaper for specific situations, like drivers with a DUI, and offers unique coverage like gap insurance, making the best choice depend on your individual profile and needs. 

Who is cheaper, GEICO or State Farm?

Generally, GEICO is cheaper than State Farm for most drivers, especially teens and those with good records, with lower average premiums for full coverage. However, State Farm can be more affordable for specific situations, like drivers with DUIs or certain older drivers, and some sources suggest State Farm might be cheaper for very clean records or offer better liability, so comparing personalized quotes is crucial. 

Who has the cheapest car insurance for seniors?

USAA often has the cheapest car insurance for eligible seniors (military/veterans), while national carriers like Travelers, GEICO, and State Farm, plus regional insurers like Erie, frequently offer the best rates for the general senior population, depending on location and specific discounts like defensive driving courses or low mileage. Always compare personalized quotes, as rates vary significantly by individual factors and location.
 

Is it better to own an Allstate or State Farm?

While State Farm has cheaper average rates, Allstate offers far more discounts, which could mean rates end up being cheaper for customers once savings are applied. State Farm has the edge in terms of claims satisfaction, but Allstate offers a better customer service feature on its website.

What are the 5 things Medicare doesn't cover?

Medicare generally doesn't cover long-term care, most dental care, routine vision services (like glasses), hearing aids/fittings, and cosmetic surgery, though it does provide strong coverage for hospital and doctor services; you can often get coverage for these gaps through Medicare Advantage (Part C) or supplemental plans. 

What are the biggest mistakes people make with Medicare?

The biggest Medicare mistakes involve missing enrollment deadlines, failing to review plans annually, underestimating total costs (premiums, deductibles, copays), not enrolling in a Part D drug plan with Original Medicare, and assuming one-size-fits-all coverage or that Medicare covers everything like long-term care. People often delay enrollment, get locked into old plans without checking for better options, or overlook financial assistance programs, leading to higher out-of-pocket expenses and penalties. 

Do I really need supplemental insurance with Medicare?

Supplemental insurance is advisable for those with Medicare to help cover out-of-pocket costs and gaps in coverage, offering financial protection for deductibles, coinsurance, and other medical expenses not fully covered by Medicare.

What is the prime senior plan?

ManipalCigna Prime Senior is a health insurance policy for senior citizens that covers the medical expenses of elderly people above 55 years. It offers 100% restoration of the sum insured multiple times a year for the same and unrelated illnesses in case of exhaustion.

What is the top 5 best health insurance?

List Of Top Health Insurance Companies In USA

• UnitedHealthcare.
• Elevance Health (formerly Anthem)
• Kaiser Permanente.
• Centene Corporation.
• Humana.
• CVS Health (Aetna)
• Cigna Healthcare.
• Health Care Service Corporation (HCSC – operates BCBS plans in 5 states)

How much should seniors be paying for car insurance?

Average car insurance rates for seniors

A 65-year-old will pay an average of $2,274 per year for full coverage insurance, and $597 per year for state-minimum liability insurance. By contrast, a 75-year-old will pay an average of $2,620 per year for full coverage insurance — a 15% increase.

Does your car insurance go up after 70?

Older drivers are often careful and experienced drivers. However, insurers generally classify them as higher risk. This will just be one of many factors considered when calculating premiums. Your car insurance payments may increase in your seventies and beyond.

How to lower car insurance cost?

Nine ways to lower your auto insurance costs

1. Shop around. ...
2. Before you buy a vehicle, compare insurance costs. ...
3. Ask for higher deductibles. ...
4. Reduce coverage on older vehicles. ...
5. Benefits of bundling. ...
6. Maintain a good credit record. ...
7. Take advantage of low mileage discounts. ...
8. Ask about group insurance.