Cheap Car Insurance For Seniors In Georgia 2024
GEICO is a top-rated choice for senior car insurance in Georgia, offering affordable rates and comprehensive coverage that provide seniors with excellent value.
We’ve saved shoppers an average of $600 per year on their car insurance.
There were over 48 million licensed drivers 65 and older in 2020, an increase of 68% since 2000. That increase has expanded into Georgia where those 55 and older represent the largest portion of the driving population in the state at 33% of all licensed drivers. Since 2016, Georgia has seen a 26% increase in senior drivers 55 and older.
According to the Georgia Department of Human Services Division of Aging Services Georgia’s 60+ population will likely increase by 66% by 2050 with the 85+ population expected to triple by 2050, representing the fastest-growing age group in the state.
Given the rise in senior drivers today across the state of Georgia, it is important for seniors to find ways to stay insured without incurring high costs.
This article will review the main factors that increase car insurance costs and how seniors can find discounts.
Cheapest Overall Car Insurance for Seniors in Georgia
Affordable car insurance is critical for seniors living on a fixed income. GEICO is the best overall provider for seniors in Georgia, offering competitive rates and a variety of discounts.
GEICO’s extensive coverage options come with an average annual premium of $1,298. Seniors can enjoy discounts such as safe driver, multi-vehicle, and defensive driving, making GEICO the top affordable option.
| Rank | Insurance Company | Average Annual Premium |
| 1 | GEICO | $1,298 |
| 2 | Mercury Insurance | $1,802 |
| 3 | State Farm | $1,520 |
| 4 | Progressive | $1,294 |
| 5 | Allstate | $1,786 |
Cheapest Car Insurance In Georgia For Seniors Over 65
For seniors over 65, insurance rates are influenced by driving habits and health. Nationwide provides the best rates for this demographic, averaging $1,305 annually. Nationwide’s discounts and usage-based programs are ideal for older drivers who might drive less frequently, helping them save on insurance costs.
| Rank | Insurance Company | Average Annual Premium |
| 1 | Nationwide | $1,305 |
| 2 | Mercury Insurance | $2,019 |
| 3 | State Farm | $1,517 |
| 4 | Progressive | $1,327 |
| 5 | Allstate | $1,882 |
Cheapest Car Insurance In Georgia For Seniors Over 70
As drivers grow older, their insurance premiums can go up because of perceived risks. Yet, Auto-Owners delivers the lowest rates for seniors over 70, with an average annual premium of $1,421. Auto-Owners’ insurance policies are designed to be both affordable and comprehensive for senior drivers.
| Rank | Insurance Company | Average Annual Premium |
| 1 | Auto-Owners | $1,421 |
| 2 | GEICO | $1,446 |
| 3 | State Farm | $1,596 |
| 4 | Progressive | $1,498 |
| 5 | Allstate | $1,882 |
Cheapest Auto Insurance For Seniors Over 75 In Georgia
Seniors over 75 will find GEICO to be a strong contender, with an average annual premium of $1,630. GEICO’s safe driving and defensive driving discounts help make it an economical choice for older drivers.
| Rank | Insurance Company | Average Annual Premium |
| 1 | GEICO | $1,630 |
| 2 | Mercury Insurance | $2,860 |
| 3 | State Farm | $1,725 |
| 4 | Progressive | $1,899 |
| 5 | Allstate | $2,116 |
Most Affordable Auto Insurance In Georgia For Seniors Over 85
Insurance rates for seniors over 85 are generally higher due to increased health risks and accident potential. Nonetheless, GEICO offers competitive rates, with an average annual premium of $1,786, supported by numerous senior discounts.
| Rank | Insurance Company | Average Annual Premium |
| 1 | GEICO | $1,786 |
| 2 | Mercury Insurance | $2,043 |
| 3 | State Farm | $2,267 |
| 4 | Progressive | $2,420 |
| 5 | Allstate | $2,432 |
Cheapest Car Insurance for Seniors with A Ticket
A driving ticket often results in a substantial hike in insurance rates. State Farm offers the lowest rates for seniors with a ticket, averaging $1,870 per year. State Farm’s lenient policies and discounts for maintaining a clean record after a ticket make it a top pick.
| Rank | Insurance Company | Average Annual Premium |
| 1 | State Farm | $1,870 |
| 2 | GEICO | $2,092 |
| 3 | Progressive | $2,629 |
| 4 | Allstate | $2,342 |
| 5 | Nationwide | $1,643 |
Cheapest Car Insurance For Seniors With A DUI In Georgia
A DUI conviction drastically raises insurance premiums. However, State Farm offers the most affordable rates for seniors with a DUI, averaging $1,880 per year. State Farm’s specialized programs assist in mitigating the associated cost increases.
| Rank | Insurance Company | Average Annual Premium |
| 1 | State Farm | $1,880 |
| 2 | GEICO | $3,860 |
| 3 | Progressive | $3,055 |
| 4 | Allstate | $2,811 |
| 5 | Nationwide | $2,836 |
Cheapest Seniors Car Insurance For Good Drivers In Georgia
Maintaining a spotless driving record often leads to lower insurance premiums. GEICO offers the cheapest rates for seniors with clean records, with an average annual premium of $1,298. GEICO’s good driver discounts make it a top choice for careful drivers.
| Rank | Insurance Company | Average Annual Premium |
| 1 | GEICO | $1,298 |
| 2 | Mercury Insurance | $1,802 |
| 3 | State Farm | $1,520 |
| 4 | Progressive | $1,294 |
| 5 | Allstate | $1,786 |
Cheapest Car Insurance For Seniors After An Accident
Post-accident insurance rates can be steep. State Farm offers the lowest rates for seniors following an accident, with an average annual premium of $2,076. Their accident forgiveness programs help reduce expenses.
| Rank | Insurance Company | Average Annual Premium |
| 1 | State Farm | $2,076 |
| 2 | GEICO | $2,110 |
| 3 | Progressive | $3,616 |
| 4 | Allstate | $3,172 |
| 5 | USAA | $2,270 |
Find Affordable Insurance Today
How Much is Car Insurance for Seniors in Georgia?
Car insurance rates for seniors in Georgia are heavily contingent upon age, health, vehicle type, discounts, and driver history. Seniors, especially those over the age of 70, will face increased premiums due to age-related risks. Thankfully many insurance providers across the state provide multiple programs and discounts to reduce these costs.
On average, the full coverage cost for seniors in Georgia is between $1,500 and $2,500 annually. This average considers multiple discounts and coverage levels. The table below presents the average yearly costs for five well-known providers for seniors in Georgia.
| Rank | Insurance Company | Average Annual Premium |
| 1 | GEICO | $1,298 |
| 2 | Mercury Insurance | $1,802 |
| 3 | State Farm | $1,520 |
| 4 | Progressive | $1,294 |
| 5 | Allstate | $1,786 |
Factors Influencing Rates
There are several factors that can influence the cost both positively and negatively.
- Age: Drivers between 75 and 84 have the fourth highest rate of involvement in fatal car accidents in the state of Georgia compared to other drivers. This increased risk accounts for higher premiums for drivers 70 years and older.
- Driver Record: In Georgia, your driver history including moving violations and accidents can increase the cost of your insurance premiums.
- Mileage: The lower your mileage, the less you will pay if you use usage based insurance programs.
- Coverage: Aside from the minimum required coverage, things like collision and comprehensive coverage can increase your cost.
- Discounts: There are many discounts available to seniors in Georgia especially if several insurance products are bundled, defensive driving courses are taken, and loyalty programs are used.
Seniors can find several budget friendly insurance providers by taking time to shop around and considering these primary factors.
Why Do Car Insurance Rates Increase For seniors?
As drivers get older, there are significant increases to accidents and fatalities which is the key reason insurance rates generally increase with age. However there are some things that can be done to counter this increase.
Increased Accident Risks
Older drivers in the state of Georgia are getting better and safer on the road with fatal car accidents involving drivers 65 and older decreasing by 4% since 2019. However, while fatalities have dropped, car accident injuries have not and those injuries come with a much higher cost for medical care compared to younger populations.
Health Problems
Older drivers are more likely to deal with chronic health conditions or be prescribed medication with side effects that can impair driving like dizziness or drowsiness which increases the risk of accidents.
Higher Injury Severity
In 2020, drivers aged 65 and older in the state of Georgia accounted for 13% of all drivers involved in serious injuries from car accidents. Older drivers, thanks to health issues like osteoporosis, can suffer more severe injuries and take longer to rehabilitate after a car accident.
Drivers 65 and older were responsible for $227 million worth of hospitalization and emergency room charges due to car accident related injuries.
Claims
Georgia statute of limitation for car accident claims is 2 years and most insurance companies take up to 60 days to settle a claim but that does not prevent older individuals from being more likely to file claims with increased frequency and increased severity due to the higher risk of getting into accidents in the first place and sustaining severe injuries because of age-related deterioration.
Mileage and Experience
Older drivers reduce driving mileage with age, often starting with retirement. This reduction can provide certain discounts but reducing driving does not necessarily mean that the age-related risks are counterbalanced.
How Can Seniors Save On Car Insurance?
To reduce car insurance premiums, seniors can use a number of strategies. Here are some effective tips for saving on insurance:
Take Advantage of Discounts
Auto Insurance providers throughout Georgia offer several types of discounts such as the following:
- Driver Improvement Courses: The state of Georgia offers courses under what is called the Driver Improvement Program.
- Low Mileage Discounts: Insurance companies provide usage based Insurance options which track mileage and charge based on the miles driven.
- Safe Driver Discounts: Those drivers who maintain a safe record, free from severe moving violations or traffic accidents for several years can earn safe driver discounts.
- Bundling: If you bundle other insurance products like homeowners insurance or renters insurance with your car insurance you can get discounts.
Note: Most insurance providers allow you to combine discounts so don’t be afraid to do things like participate in a driver improvement course and install safe driver monitoring systems or vehicle safety systems for additional discounts.
Review and Adjust Coverage
Georgia state code offers several types of add-ons for car insurance including things like rental car reimbursement which averages $15 per month depending on the amount of coverage you have. These make it possible to cover the cost of public transportation or rental cars in the event that your vehicle is damaged in an accident.
However, if that annual cost averages $180, you might be better off setting those savings aside for a few years so that you are in a position to cover your own rental car fees, and dropping the additional coverage off your policy.
Shop Around
Compare prices at regular intervals. Some companies offer substantial discounts for things like age or bundling which might be a better option for you if your life circumstances have changed or if you are in the market for a new type of policy.
Maintain a Good Credit Score
Georgia state law allows insurance providers to use your FICO credit score as one of the assessments for your policy amount. Drivers with a score under 580 pay an average of 114% more for the same car insurance coverage as someone with an exceptional credit score between 800 and 850.
If you maintain a good credit score and increase your credit score at the time that you are taking out a new policy or renewing your coverage, it could drop your premiums.
Install Safety Devices
Several companies in Georgia provide discounts for installing safety devices like anti-lock brakes and anti-theft systems. These discounts can often be combined with other discounts.
Consider Group Insurance
Membership in different groups can provide discounts. The Hartford, for example, offers a group discount for people who are AARP members in Georgia while Geico offers discounts for people who are affiliated with different educational institutions, the military, federal employees both current and retired, and other business affiliations.
Ask About Senior Discounts
Always ask about senior discounts. These will vary based on age. Geico, for example, offers discounts for seniors over the age of 50 while other providers offer discounts for those over the age of 65 especially seniors who are retired and own their home.
Regularly Review Insurance Needs
While there are discounts for loyalty, loyalty could be costing you more than you think especially if your insurance needs have changed. It’s important to regularly review those needs and adjust your coverage to avoid unnecessary expenses like comprehensive coverage on a very old car that you have the money to replace if necessary.
Car Insurance Discounts For Seniors In Georgia
Many car insurance companies provide discounts for seniors. Here are some typical discounts to watch for:
Defensive Driving Course Discount
Any Georgia resident can participate in the 6-hour defensive driving course as approved by the Georgia Department of Driver Services. Participation in these programs can be done entirely online and completion of a program can offer substantial discounts on car insurance policy sometimes upwards of 30% depending on the provider.
Tip: Georgia Farm Bureau members can save 50% off courses from certain websites.
Low Mileage Discount
There are two different low mileage car insurance discounts for seniors in Georgia:
- The first are low mileage, traditional policies that give you a flat discount in the form of a percentage off your premium in exchange for keeping your mileage below a certain figure, like $7,500 miles per year for State Farm.
- The second are pay per mile Insurance programs where you pay a lower monthly fee and then pay a flat rate like six cents for every mile that you drive, keeping it below a set average.
Georgia has several companies that provide a pay-per-mile insurance program like Mile Auto. Those who drive less than 12,000 miles annually will start to see a discount for a low mileage program compared to a traditional program. Those who drive less than 10,000 miles per year can save up to 40% off their current policy.
Safe Driver Discount
Tangentially there are DriveWise programs from Allstate as well as Drive Safe & Save programs from State Farm which will track your driving habits and give discounts based on your day-to-day driving Habits Like how often you speed, how quickly you accelerate or brake and more.
Multi-Policy Discount
If you combine policies from the same provider you can find discounts on Georgia car insurance for seniors.
Good Student Discount
Being a good student can save you money on car insurance policies so as a senior, if you have a grandchild on your policy, this discount could apply.
Vehicle Safety Discount
Installing safety features like anti-lock brakes, airbags, and anti-theft devices can earn you a discount. These upgrades reduce the likelihood of accidents and theft, resulting in lower insurance premiums.
Usage-Based Insurance Discount
State Farm’s Drive Safe & Save and Allstate’s Drivewise are programs that track driving habits and reward safe driving with discounts. Seniors who drive less frequently and drive safely can receive lower insurance rates.
Affinity Group Discount
As mentioned, membership in affinity organizations like the AARP, military, or federal government can provide reduced rates for members.
Homeowner Discount
Seniors who own their residences could receive a homeowner discount from various insurers. This discount can decrease the overall cost of their premiums.
Loyalty Discount
Companies reward loyalty so the longer you keep your car insurance with the same company, the better your discounts will be.
Cheapest Car Insurance Rates for Senior Drivers – By US State
Securing affordable car insurance is key for senior drivers, who face distinct risks and challenges. This section provides a thorough overview of the lowest car insurance rates for seniors in each state, along with the insurers offering these competitive rates.
Comparing these options allows senior drivers to choose policies that offer both affordability and adequate protection.
| State | Average Annual Premium |
| Alabama | $1,750 |
| Alaska | $1,890 |
| Arizona | $1,920 |
| Arkansas | $1,860 |
| California | $1,919 |
| Colorado | $2,150 |
| Connecticut | $2,020 |
| Delaware | $2,100 |
| Florida | $2,331 |
| Georgia | $1,430 |
| Hawaii | $1,700 |
| Idaho | $1,760 |
| Illinois | $1,870 |
| Indiana | $1,800 |
| Iowa | $1,720 |
| Kansas | $1,840 |
| Kentucky | $2,010 |
| Louisiana | $2,450 |
| Maine | $1,690 |
| Maryland | $2,080 |
| Massachusetts | $2,000 |
| Michigan | $2,500 |
| Minnesota | $1,950 |
| Mississippi | $1,830 |
| Missouri | $1,810 |
| Montana | $1,880 |
| Nebraska | $1,910 |
| Nevada | $2,200 |
| New Hampshire | $1,740 |
| New Jersey | $2,220 |
| New Mexico | $1,900 |
| New York | $2,300 |
| North Carolina | $1,760 |
| North Dakota | $1,890 |
| Ohio | $1,720 |
| Oklahoma | $1,870 |
| Oregon | $1,980 |
| Pennsylvania | $2,100 |
| Rhode Island | $2,230 |
| South Carolina | $2,050 |
| South Dakota | $1,930 |
| Tennessee | $1,750 |
| Texas | $1,620 |
| Utah | $1,880 |
| Vermont | $1,710 |
| Virginia | $1,790 |
| Washington | $1,950 |
| West Virginia | $1,930 |
| Wisconsin | $1,780 |
| Wyoming | $1,850 |
Best Car Insurance For Seniors In Georgia, 2024
Compare The Best Car Insurance For Seniors In Georgia
| Overall Rating (Best 5.0) | Best For | A.M. Best Rating | J.D. Power Rating (Best 1000) | Average Auto Insurance Annual Rate | Get A Quote | |
|---|---|---|---|---|---|---|
| GEICO |
|
Overall
|
A++
|
830
|
$1,298
|
Instant Quote |
| State Farm |
|
Low-Mileage Drivers
|
A++
|
826
|
$1,520
|
Instant Quote |
| Allstate |
|
Discounts
|
A+
|
816
|
$1,783
|
Instant Quote |
Best Car Insurance Companies For Seniors In Georgia 2024
Best Overall
Key Statistics
Why We Like Them
⇅GEICO is the leading car insurance company for seniors in Georgia, offering competitive prices, a wide range of discounts, and easy-to-navigate services. Seniors can expect to pay an average annual premium of $1,298, easing their financial burden. GEICO also has discounts tailored for seniors, such as the Defensive Driving discount for those who take approved safety courses.
GEICO’s easy-to-use mobile app and website make handling policies, claims, and roadside assistance simple and efficient, improving the customer experience. Their strong financial stability and excellent customer satisfaction ratings make GEICO a reliable option for senior drivers. These factors guarantee seniors receive comprehensive coverage and superior service at a budget-friendly rate, making GEICO the best choice for car insurance in Georgia.
Benefits & Drawbacks
⇅- Affordable Premiums: Competitive pricing.
- Variety of Discounts: Numerous savings opportunities.
- User-Friendly Application: Easy management of policies. ✓
- Limited Local Agents: Fewer in-person services.
- Mixed Claims Satisfaction: Varied experiences with claims.
- Gaps in Coverage: Some options may not be included. ✘
Best for Discounts
Key Statistics
Why We Like Them
⇅Allstate stands out as the best car insurance company for seniors in Georgia thanks to its diverse discount offerings. Seniors benefit from numerous savings, such as the Safe Driver discount for those with a clean driving record and the Multi-Policy discount for bundling home and auto insurance. Additionally, Allstate offers discounts for new cars and early signings, allowing seniors to save more on their premiums.
Allstate’s Drivewise® program, which tracks driving habits and provides discounts for safe driving, is particularly advantageous for seniors who drive less often and more safely. Allstate’s commitment to offering personalized discounts ensures that seniors can maximize their savings based on their individual needs and driving patterns. This mix of extensive discounts, user-friendly programs, and customer-focused policies makes Allstate the leading choice for seniors seeking the best car insurance discounts in Georgia.
Benefits & Drawbacks
⇅- Many Discounts Available: Lots of savings opportunities.
- Safe Driving Incentives: Rewards through Drivewise.
- Custom Coverage: Policies tailored to individual needs. ✓
- Expensive Premiums: Higher than average costs.
- Inconsistent Claim Experiences: Mixed satisfaction.
- Fewer Local Agents: Limited face-to-face service. ✘
Best for Low-Mileage Drivers
Key Statistics
Why We Like Them
⇅For low-mileage senior drivers in Georgia, State Farm is the best car insurance option. With its tailored discounts and comprehensive coverage, the Drive Safe & Save program offers significant savings based on how much and how safely they drive, making it ideal for seniors who spend less time on the road.
Furthermore, State Farm provides exceptional customer service and high claim satisfaction rates, guaranteeing seniors receive prompt and reliable help. The company’s financial stability ensures claims are handled efficiently, offering peace of mind to policyholders. State Farm also provides a variety of coverage options that can be tailored to meet the unique needs of low-mileage drivers, ensuring they are adequately protected without unnecessary costs.
Benefits & Drawbacks
⇅- Safe Driving Rewards: Discounts for safe habits.
- Adaptable Coverage: Customized to personal needs.
- Reliable Claim Service: High customer satisfaction. ✓
- Costly Premiums: Higher than average rates.
- Limited Agent Availability: Few local representatives.
- Missing Gap Insurance: Some coverage options are absent. ✘
Our methodology
To rate car insurance companies for seniors in Georgia, we use a comprehensive method that evaluates several essential factors. This includes comparing average annual and monthly premiums by age group and driving record. We also review the availability of various discounts, including those for defensive driving courses, low mileage, and bundling insurance policies. Customer satisfaction scores from J.D. Power and Consumer Reports help us assess the overall experience, while financial stability is rated by agencies like A.M. Best and Standard & Poor's.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Which insurer has the best rates for seniors?
GEICO generally has the most cost-effective rates for seniors, with an average annual premium of approximately $1,298. They are known for their competitive prices and various discounts for older drivers.
Can retirement lead to lower car insurance rates?
Yes, retirement can lead to lower car insurance rates if you drive less. Insurers often offer low mileage discounts, which benefit retirees who reduce their driving frequency.
Will my car insurance rates go up after I turn 65?
Yes, car insurance rates usually go up after age 65. This is because of factors like slower reaction times, a higher likelihood of accidents, and increased medical costs for injuries, leading insurers to raise premiums for older drivers.
Sources
⇅- Georgia Governor’s Office Of Highway Safety – Georgia Traffic Safety Facts
- Georgia Department Of Driver Services – Driver Improvement Program
- Office Of Commissioner Of Insurance And Safety Fire – Auto insurance
