The Takeaway
- Most insurers offer senior discounts on auto and home policies — but they don’t always advertise them.
- Safe driving, low mileage, retirement, and even taking a defensive driving course can lower your auto premiums.
- Home insurance discounts may apply for retirees, updated safety systems, and being claims-free.
- Ask for “retiree,” “low mileage,” and “senior” discounts — and compare rates every 2–3 years to stay competitive.
Be sure to download our checklist and script for when you talk to an insurance agent
Does this sound like your situation?
Imagine this: You’ve been with the same insurance company for decades, always pay your bills on time, and rarely (if ever) file a claim. But while your loyalty stays golden, your premiums? Not so much.
The truth is, insurance companies do offer plenty of breaks for older adults — but they don’t exactly go out of their way to tell you about them.
Let’s fix that.
Auto Insurance Discounts Seniors Should Ask For
Seniors may be eligible for 5% to 20% off their car insurance, depending on where they live and who they’re insured with. Some of the most common discounts include:
- Low Mileage Discount: If you drive fewer miles per year (often under 7,500–10,000), you’re less of a risk. Retired? Let them know.
- Safe Driving Discount: A clean driving record (no accidents, no speeding) can earn you a hefty discount.
- Defensive Driving Course: In many states, completing a senior-safe driving course (usually online) qualifies you for a discount. Ask your DMV or insurer for approved programs.
- Retiree or Mature Driver Discount: Some companies like GEICO, Allstate, and State Farm offer discounts simply for being retired or over a certain age (typically 50–65+).
- Bundling Discount: Combine auto and home coverage with one insurer and save on both.
- Usage-Based Insurance: Companies like Progressive and Nationwide offer programs that track your actual driving. Seniors with cautious habits can save more.
Homeowners Insurance Discounts to Ask About
- Retiree Discount: Just being home more often can lower your risk of fire or theft — and some insurers reward that.
- Security System Discount: Got a burglar alarm or Ring doorbell? Let them know.
- Updated Home Systems: Replaced your roof? Installed storm-resistant windows? Updated your electrical? These can all lower your premium.
- Claim-Free History: No claims in the last 5–10 years? Ask if that earns you a break.
- Loyalty Discount: Been with the same company for years? Ask if they reward long-time policyholders.
How to Ask for Discounts (Without Sounding Awkward)
Here’s how to approach your insurance agent or call the company directly: “Hi, I’m reviewing my budget and wanted to check if I’m getting all the discounts I’m eligible for. I’m over [your age], recently retired, and I’ve made some updates to my home. Can we go over any discounts I might be missing?”
Or, even shorter: “What senior, retiree, or loyalty discounts do you offer that might apply to me?”
Don’t be afraid to be direct. You’ve earned the break.
Bonus Tip: Shop Around Every Few Years
Loyalty doesn’t always pay in the insurance world. Rates can drift upward, and companies rarely reward you just for sticking around. Experts suggest shopping around every 2–3 years — especially after big life changes like retirement or downsizing your car.
Websites like The Zebra or Policygenius can help compare policies quickly. Just be sure to check that the coverage levels are the same when you compare.
Don’t Miss Out Because You Didn’t Ask
Bottom line? If you’re a senior and you’re not asking your insurer for breaks, you’re probably leaving money on the table. A quick phone call can shave off hundreds per year — and all you have to do is ask.
Disclaimer: This article and the accompanying checklist are for informational purposes only and do not constitute financial, legal, or insurance advice. Insurance discounts, availability, and qualifications vary by provider and state. Always consult directly with your insurance agent or company to confirm eligibility and coverage details. Smart Senior Daily does not endorse any specific insurer or policy.
