Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers Insurance CSR 4 Years

UPDATED: Jul 16, 2019

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Important facts to know...

  • Elderly drivers are not in the highest risk group for accidents
  • There are many affordable insurance policies for older drivers
  • Consider the amount of driving you do and your general health when choosing a plan
  • Drive safely and obey all traffic laws to keep your premiums low and avoid a collision

Are you an elderly driver looking for car insurance? If so, you’re in luck. There are many good policies for older drivers.

You will also be happy to know that, despite some of the off-color humor directed at older drivers or the number of younger people pointing their fingers at elderly drivers and saying they are dangerous on the road, the statistics show differently.

In fact, the next time a young college student points their finger at you, you can point it back at them.

College students are in the highest risk group of any age group for insurance that exists.

People who are age 18-24 are the highest risk group of any for severe car accidents.

That being said, some older drivers pose a risk to themselves if they are no longer able to see or hear well enough to heed warnings or obey traffic regulations. Sound judgment should be weighed against the risk when deciding if you should retire from driving.

If you are an elderly driver in need of better auto insurance, start comparison shopping by entering your ZIP code above!

Elderly Drivers May Drive More Slowly

For the most part, elderly drivers are cautious, and the main complaint people have is that they drive too slowly on public roadways.

But they can always pull over to the right lane for slower traffic so that others may go around them.

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Responsibilities of Other Drivers

Other drivers should show courtesy to elderly persons who are driving when they are trying to obey the traffic rules.

In fact, many older drivers can be pointed to as a role model for good driving habits that everyone should try to follow.

Statistics for Elderly Drivers

Statistics show that in 2013, there were 36.8 million drivers who were licensed who are over the age of 65. This information was reported by the National Highway Traffic Safety Administration.

The statistics on fatalities involved older drivers over 65 indicated that 5,671 were killed and over 220,000 injured in traffic crashes in 2013.

However, it’s important to keep in mind that many of these people were not driving at the time of the collision.

In fact, many were victims of younger drivers’ carelessly or DUI situations over which they had no control.

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That being said, elderly drivers are a unique group and tend to have more frequent “smaller incidents” such as fender-benders and parking mishaps. Since they drive so slow and carefully, they are not as prone to causing severe wrecks, and they do not travel long distances as often as younger groups do.

The incidents of fatal car crashes among older drivers seems to be attributed to their frailty rather than the severity of the crash itself many times.

Recently, though, the Insurance Institute for Highway Safety reported that the fatal incidents involving senior drivers are diminishing, perhaps due in part to the better health of older adults.

What kind of insurance is best for elderly drivers?

Now that you know some of the statistics, what kind of insurance should you look for to take care of elderly drivers?

There is no particular type of insurance for this age group. An individual should just shop around and compare to see what is available.

But here are some considerations you might want to take into account when shopping for insurance for older drivers:

  • Amount of time in vehicle – Insurance is based partly on the amount of time you drive your vehicle. For elderly people who only drive locally or a few thousand miles per year, you may be able to save a lot of money in insurance premiums.
  • Distances driven – One of the greatest risk factors for elderly drivers is when they drive long distances. If you only drive short distances, you may be eligible for a lower premium through low mileage discounts.
  • General health, eyesight, hearing, etc.An elderly person or someone shopping for insurance for an elderly driver should consider the health status of the senior. If they have good eyesight, hearing, and no significant health issues, they can purchase insurance that is like everyone else’s.
  • Previous driving record – If you have a good driving record or know an elderly driver with a clean driving record, their insurance is likely to be lower than someone who has had more accidents. Fewer accidents will come as an advantage when shopping for insurance for elderly persons.

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Types of Coverage for Elderly Drivers

In general, elderly drivers are no different than anyone else. Even if they drive in a limited area or small distances, they still need coverage that is required by law within their state of residence.

The following coverages are usually mandated by the state you live in.

The only exception is New Hampshire and Virginia, neither of which require auto insurance.

Bodily injury liability

Liability insurance is required by all states that require you to carry auto coverage. Bodily injury liability is the most important since it covers the cost of liability that you have when you are negligent in an accident.

The state limits are listed on this state map so you should inquire as to what your state requirements are before purchasing a policy.

Property Damage Liability

Another type of liability that everyone needs is property damage liability. Like bodily injury liability, this is the kind of insurance that covers you if you damage someone else’s property (their vehicle) in a collision.

In no-fault states, your insurance would cover your car, regardless of fault.

But this insurance is still required.

Collision

Collision insurance covers damages you receive to your vehicle whether you are at fault or not. This type of coverage comes in handy in no-fault states where your insurance is required to cover you no matter what.

Also, it includes any property loss you suffer due to the carelessness of others when their insurance does not cover it. There is usually a deductible associated with collision and you must meet the deductible before you can get the insurance to pay.

Comprehensive

This type of insurance covers damages or loss not due to an accident. Qualifying incidents would include:

  • Theft
  • Vandalism
  • Hail
  • Floods
  • Other acts of nature

Medical Coverage

Medical coverage is there to take care of medical expenses that are incurred due to an accident. It ensures that you’ll be covered for both any immediate costs as well as any future costs that are directly tied to the accident.

Other Optional Coverages

Other coverage types include uninsured and underinsured, which covers you when the other driver’s insurance was not sufficient and optional coverages like roadside assistance and others.

Ask the Right Questions

Don’t be afraid to ask questions as you shop and compare plans. Look at the claims rates and record of any company you are considering and compare premiums to get the best deal.

Remember, though, insurance is there to protect you from financial loss. The cost you may encounter in an accident are nothing compared to the costs you would pay if you did not have insurance.

The biggest risk you can take, no matter what your age, is to drive without insurance. The out-of-pocket expense for the liability and property damage, as well as time from work (if the driver is not retired), and other expenses are too great to mention.

It’s always best to plan for the worst rather than to fail to plan and hope for the best. The cost of a major accident can potentially wipe out someone financially if they have to pay from their pocket.

And no one can afford that.

For elderly drivers, keep your driving record clean and compare costs for the best deal.

Start comparison shopping today for the best auto insurance rates. Enter your ZIP code below!