Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Mar 19, 2020

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The lowdown...

  • Senior drivers will see their auto insurance rates go up when they reach their 65th birthday
  • Keeping your driving and claims record clear is one way to avoid a huge spike in senior car insurance rates
  • In addition to Good Driver and Accident-free Discounts, seniors may qualify for a Mature Driver Discount
  • To get a Mature Driver Discount, you have to complete a class where you discuss defensive driving techniques
  • If you want more savings, you should check to see if you qualify for Low-mileage and Daytime Driver credits

Some seniors live on a very strict fixed income and others enjoy more freedom with their money because they were able to save for retirement earlier in life.

No matter what your situation might be, finding a way to lower your monthly living expenses is always a priority when you are no longer earning a salary.

There are plenty of things that you can cut out of your budget.

Spending wisely doesn’t just mean that you cut out the luxuries in life, it also means that you take advantage of every discount that you qualify for based on your age and experience.

Don’t pay more than you need for auto insurance. Compare rates of top insurance companies right now by entering your zip code into our free comparison tool.

If you’re planning to drive during your retirement years, you’ll need insurance. Here are some ways to lower your premiums as a senior driver:

Understand Why Your Rates Are Going Up First


There are a lot of reasons why auto insurance premiums rise from renewal period to renewal period. It gets frustrating, but watching rates go up becomes common when you’re an auto insurance consumer.

Rate fluctuations could be because of many things, including:

  • a change in your territory rating
  • a change in vehicle classification code
  • a change in your claims history
  • a company-wide rate increase

Before you assume that the only reason your rates are going up is because the carrier has a new rate filing, you should know that your age could be the reason.

People may only get better with age, but that’s not the case when it comes to driving statistics. When you hit a magic age, your rates will climb rather than fall.

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Why does age affect your insurance rates?

It’s not just in your senior years that age has an impact on your premiums. Either your age or your years of driving experience are considered from the moment that you get your license.

Teens pay exorbitant rates for insurance coverage because they are the most likely group of drivers to get into accidents.

Seniors fall into the second-highest risk class. According to data that’s collected by various institutes, the risk of being injured or killed in an accident goes up as you age.

Susceptibility to crashes is high in adults 70 and above but it’s highest for drivers over 85.

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Why are senior drivers more at risk if they have more experience?

The statistics can be hard for some to accept. You must remember that these statistics are based on statistics and data compiled by looking at claims data involving crashes with the 40 million drivers in the US who are 65 or older.

All insurance data involves using data from a group of drivers.

There are several reasons that older drivers are classified as high-risk insureds even though they haven’t had tickets or accidents in decades.

It’s generally because of the high likelihood that the driver will have not just an accident, but a serious accident. Some of the reasons why seniors have accidents include:

  • As a senior’s mental processing speeds go down, it takes longer for them to react behind the wheel
  • Decline in eyesight causes seniors to leave less time to stop leading to more rear-end accidents
  • A decline in hearing can cause confusion in emergency situations or in situations where a crash could have been avoided

When will your rates start going up substantially because of age?


Policies may start to go up strictly because of your age rating when you celebrate your 60th birthday, but sometimes you won’t notice the increase because of other lifestyle changes that balance the increase by bringing your risk down.

After you reach the official age of retirement, you might see another climb. At some point between 70 and 75, you become a bigger risk and you’ll reach another rate bump.

Many older drivers own that it’s time to surrender their license at this time, partially because of the risk and also because of how high insurance costs are.

Most experts recommend that drivers surrender their licenses by the time they are 70. It’s not a requirement, just a recommendation based on statistics.

If you hold onto your driver’s license longer, you’ll find that your rates will go up by an average of four times that of a teenager by the time you’re 85.

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Take a Defensive Driver Course to Brush Up

One way that automobile associations try to combat the problem isn’t to get seniors off of the road, it’s simply to encourage older drivers to take refresher courses often.

The refresher courses focus on the skills that seniors can build upon specifically when they are aging.

Not only do seniors who brush up on their skills through training have fewer accidents, they are also eligible for more discounts. With most companies, you get a Mature Driver Discount for completing a one-day training class.

The discount will be applied to your liability and medical payments premiums for three years.

Other Ways to Keep Your Premiums Low


Not only can you get a Mature Driver Discount when you’re 55 or over, you can also qualify for some other discounts because of your age or your change in driving habits. Here are some tips for savings:

  • Make sure to update your usage to get pleasure rating when you retire
  • Lower your mileage estimates when you’re driving less to get a low-mileage discount
  • Buy a safer vehicle with a more favorable classification code for lower vehicle rates
  • Commit to driving only during daylight for a daylight driver savings
  • Don’t carry full coverage on the car if you don’t have to

Older drivers don’t have to pay a fortune for auto insurance if they are committed to looking for savings. Using the Internet has it’s advantages when it comes to shopping for senior car insurance.

Compare rates by using our online quote system and avoid the frustrating rate increases.