If you're a senior citizen or older than 50, you may qualify for discounts on car insurance. Discounts are available for completing the defensive driving course with multiple cars. Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to fall as they approach their 60s and gain more driving experience.
Rates can still vary based on other factors, such as the gender and location of the driver, so it's smart to compare prices to find the best rate. Our list of cheap car insurance companies is a good place to start. For more help finding cheap car insurance in Florida, try NerdWallet's car insurance comparison tool. Florida is one of several states that has a no-fault car insurance system, but it's one of only two that doesn't require any bodily injury liability coverage.
Some companies offer discounts on auto insurance for seniors or other opportunities for mature drivers to reduce their car insurance costs. We took the data collected by Quadrant Information Services to find the average cost of car insurance with full coverage for drivers age 55 and older. Searching for cheap car insurance quotes with several insurers is the best way to find lower rates. Car insurance is a major purchase, but finding cheap car insurance in Florida isn't always easy.
Few large insurance companies offer discounts on auto insurance for seniors, but many offer a variety of ways for mature drivers to save money on coverage. The cheapest car insurance for seniors usually comes from USAA, according to data from Quadrant Information Services. To find cheap car insurance for seniors, drivers in their 60s should be sure to compare prices to find the best rate. The analysis included 5 to 10 of the largest insurance companies in each state; smaller insurers were also included when rates were available.
We've researched the best auto insurance companies in the industry to see which ones offer the best combination of discounts and low rates, and then we'll recommend two providers for you. Younger drivers and older drivers are considered to be at higher risk, so they tend to pay more for car insurance coverage. We've found that USAA, Geico, State Farm, Nationwide and Travelers are affordable options for auto insurance for seniors.