The best car insurance companies for seniors, according to Consumer Reports
If you're going to pay an arm and a leg for car insurance, you want to make sure you can rely on it in times of trouble
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Car insurance prices are through the roof. On average, they’ve risen 55% since February 2020, according to the Bureau of Labor Statistics. And according to one recent study, more than one in four Americans can’t even afford their deductibles.
When prices are so high, having good coverage is more important than ever — and that’s especially true for seniors, who are involved in around 20% of all fatal crashes.
Consumer Reports reached out to its members to see what they felt were the best plans for older adults.
CR said its survey “identified which specific insurance companies made seniors feel the most satisfied with their service."
"These are the car insurance companies considered best for seniors, chosen by the older drivers themselves," it added.
Continue reading to see which ranked the highest and why.
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#6—Tie: Hanover Insurance Group
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Seventy-five percent of seniors were “completely satisfied or very satisfied” with their insurance from Hanover Insurance Group and Auto Club, according to Consumer Reports’ survey
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#6—Tie: Auto Club
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Seventy-five percent of seniors were “completely satisfied or very satisfied” with their insurance from Hanover Insurance Group and Auto Club, according to Consumer Reports’ survey.
Read More: The 6 best car insurance companies, according to Consumer Reports
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#5: Mercury
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Seventy-six percent of seniors were “completely satisfied or very satisfied” with their insurance from Mercury, according to Consumer Reports’ survey.
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#4: NJM
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Seventy-eight percent of seniors were “completely satisfied or very satisfied” with their insurance from NJM, according to Consumer Reports’ survey.
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#3: Erie
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Eighty percent of seniors were “completely satisfied or very satisfied” with their insurance from Erie, according to Consumer Reports’ survey.
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#2: Amica
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Eighty-four percent of seniors were “completely satisfied or very satisfied” with their insurance from Amica, according to Consumer Reports’ survey.
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#1: USAA
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Eighty-six percent of seniors were “completely satisfied or very satisfied” with their insurance from NJM, according to Consumer Reports’ survey. (Note: USAA is only available to military members and their families.)
