For seniors seeking affordable car insurance in 2026, GEICO, Travelers, and Erie Insurance consistently offer the lowest rates, with average monthly premiums often ranging from $38 to $50. For eligible individuals, USAA provides the cheapest coverage, while AARP/The Hartford is often recommended for specialized senior benefits.
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.
Consumer Reports named USAA the best car insurance company for seniors, ahead of Amica and Erie, after surveying over 40,000 policyholders.
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.
Since Medicare pays first after you retire, your retiree coverage is probably similar to coverage from a Medicare Supplement Insurance (Medigap) policy. Both are likely to offer benefits that fill in some of the gaps in Medicare coverage—like coinsurance and deductibles.
Raise your deductible
Increasing your deductible also helps reduce how much you pay for insurance. If you're willing to risk paying more out-of-pocket in an accident, your premium will be lower. Just be sure you can reasonably cover the deductible if an accident does occur.
The 5 Best Health Insurance Companies for Seniors & Retirees of 2026
UnitedHealthcare gets slightly higher overall star ratings than BCBS and may offer lower prices, but BCBS might offer a better customer experience.
Medicare Advantage (Part C) plans can offer coverage for dental and vision health items in addition to also offering the same coverage as Original Medicare. Most also include prescription drug coverage as well as other benefits such as hearing health coverage and gym memberships.
Our analysis has found Geico, The Hartford, Travelers, Progressive, Mercury, Nationwide, Auto-Owners and USAA have some of the most affordable rates for seniors.
Can I sign up for a Marketplace plan? Yes, in general, people age 65 or older who are not entitled to premium-free Medicare can purchase health insurance coverage in the Marketplace (except undocumented immigrants and Deferred Action for Childhood Arrivals (DACA) recipients).
UnitedHealthcare: Medicare Advantage Comparison. UHC has higher star ratings and a large network, but Humana's Part B Giveback benefits and lower average premiums might make coverage more affordable.
If you're wondering how to get a lower car insurance rate, use these methods for lowering your premium: