What’s the Best Car Insurance for Seniors?

Now that you’re retired, we wouldn’t be surprised if you drive less often than before because you’re not commuting to work every day.

Chances are you’re probably putting fewer miles on your car.

That means you might save money by switching to pay-per-mile car insurance. Metromile’s pay-per-mile car insurance policies only charge you for the miles you drive, which gives you more control over how much you pay.

With that in mind, let’s take a closer look at why Metromile might be the best car insurance for senior citizens.

5 reasons pay-per-mile insurance makes sense for seniors

Let’s take a look at how senior drivers could save money with Metromile:

1. You’re not ready to give up your keys just yet. 

Seniors are driving later in life than ever before.

According to the U.S. Department of Transportation’s Federal Highway Administration, more than 45 million people who were 65 years or older had a driver’s license as of 2018, the most recent year for which data is available. That means about 72% more senior drivers are on the road than 20 years prior in 1998.

That might not surprise you, but what’s more astonishing is that more than 4 million of these senior drivers are at least 85 years old. 

We believe driving can give seniors a sense of independence. If you have your own car, you don’t have to rely on family or friends to get around; you can continue to take care of yourself instead of depending on others.

That’s a great reason to stay behind the wheel, and as a responsible driver, you’ll need a car insurance policy that matches your driving habits and lifestyle.

2. You don’t drive as much these days

While you still enjoy driving, you probably don’t get behind the wheel as much as you used to.

Seniors drive an average of 7,646 miles per year, which is about half as much as most drivers, according to the Federal Highway Administration. 

This sharp decline might be a reflection of the fewer responsibilities you have at this stage of life. For example: 

  • If you recently retired, you no longer have to drive to work five days a week. 
  • If you’re an empty nester, you probably stopped driving your kids around a while back.

You also might have cut back on driving for health reasons. 

Older adult drivers are more than twice as likely to report having a medical problem that makes it difficult to travel, according to a recent U.S. Centers for Disease Control and Prevention report.

One such problem is arthritis, the National Institute on Aging points out.

Your joints may get stiff, and your muscles may weaken as you get older, the institute explains.

The National institute on Aging continues: “Arthritis, which is common among older adults, might affect your ability to drive. These changes can make it harder to turn your head to look back, turn the steering wheel quickly, or brake safely.”

That’s not to say you don’t drive at all anymore. Just that you don’t drive as often as you used to.

Whatever the reason may be, if you’re driving less frequently, you might save money with Metromile’s pay-per-mile car insurance.

3. You’re living on a fixed income

You might be living on a smaller income in retirement.

If you don’t have a large nest egg and you’re mostly relying on Social Security checks, you could be facing a tighter budget than you did when you had a full-time job to pay for your expenses.

With pay-per-mile car insurance, control how much you pay each month. Car insurance can be one less thing you have to worry about.

4. You could get a discount

Metromile offers a mature driver discount in most states.

We recognize that your decades of experience behind the wheel usually translate into safer driving practices.

Generally, older adults drive more safely than other age groups, according to the U.S. Centers for Disease Control and Prevention. Older adults are more likely to wear seat belts, drive when conditions are safest, and don’t drink and drive.

These safe driving habits can help you avoid accidents. “Even at 85, senior drivers crash less often, per mile, than teens,” a Consumer Reports study found.

5. You drive an older car

Insurance companies consider the type of car you drive when determining how much you might pay for car insurance. Older vehicles tend to be cheaper to insure.

So if you drive an older car, we’re happy to pass the savings on to you.

How much do Metromile customers save?

People who don’t drive often (the majority of Americans) and switch to Metromile can save hundreds of dollars. The table below shows you just how much the average driver can expect to save based on how many miles they drive each year, month, or week.

Keep in mind: seniors drive an average of 7,646 miles per year, which means they could save between $500 and $700 a year. 

When you break it down by gender, older men drive 10,304 miles per year, while older women drive only 4,785 miles per year. 

What’s next?

As life slows down, you might find yourself driving less than you used to when you had a job to get to or kids to bring to school.

That’s why today could be the perfect time to switch to pay-per-mile car insurance.
If you’re driving less than you did before, find out much you could save with a free quote from Metromile.