The Best Home and Car Insurance Bundles for Seniors (2025)
Erie and State Farm are our top two picks for seniors interested in bundling home and auto insurance coverages.
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Senior drivers pay some of the lowest car insurance rates of any age demographic, which is good news if you’re entering your golden years. But auto insurance costs in the U.S. have spiked around 54% since 2020, according to the U.S. Bureau of Labor Statistics.
Currently, the national average monthly rates for seniors sit at $156 and $88 for full coverage and liability only, respectively, according to Insurify data.
Home insurance rates have also climbed recently. The national average is currently $3,259 annually, and Insurify data scientists project rates will climb another 8% in 2025.
Bundling your auto and home insurance can help cut your costs. You can also compare rates from different insurers.
We’ve evaluated top auto insurers to determine which offer bundling options and relatively low average rates.
Best home and auto insurance companies for seniors
To estimate the average annual cost of bundled home and auto insurance, we added each insurance company’s annual average cost of car insurance for seniors and its average annual cost of homeowners insurance for a policy with $300,000 in dwelling coverage. We then applied the insurer’s publicly stated discount amount to the total average to arrive at the bundled average.
Erie: Best overall
State Farm: Best for low-mileage drivers
Country Financial: Best for low auto rates
USAA: Best for customer service
To choose the best home and car insurance bundles for seniors, Insurify data analysts used quote information from our database of millions of car insurance and home insurance quotes. We also evaluated each company for its customer service ratings, overall value, financial strength ratings, and availability of senior-friendly discounts.
How bundling works to save seniors money
Bundling discounts are common, and they reward policyholders for their loyalty. While home and auto coverage is a common bundle, some insurers may also offer discounts for bundling renters and car insurance or other types of policies, like life or pet insurance.
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Should you bundle your home and auto insurance?
Bundling your home insurance policy with your auto insurance has advantages and disadvantages. On one hand, bundling typically gives you a significant discount. You also enjoy the convenience of paying your premiums in one place.
But it’s important to compare insurance rates from different companies if you’re thinking about bundling. It’s possible that a lower-cost policy from another insurer may provide more cost savings than a bundling discount.
How seniors can save on auto and home insurance
If you decide bundling is a good way to save money, consider shopping around for coverage with multiple insurers. This could mean switching your current coverage, but the potential cost savings might be worth it.
Other options for reducing your insurance costs include:
Increase your deductible. Both your full-coverage auto and home insurance policies have deductibles. Opting for higher deductibles can reduce your monthly or annual premiums, though you’ll pay more if you need to file a claim.
Access discounts. Many insurers offer discounts for both auto and home insurance. For example, you could get a discount if you don’t drive often, take a defensive driving course, or install certain safety features in your home. And you may get a multi-policy discount for buying two or more types of insurance policies from the same company.
Reduce your coverage. If you drive an older, low-value car, you might consider removing your collision coverage and comprehensive coverage. Removing these will reduce your premium. But if you cause an accident that damages or totals your car, your insurance won’t pay to repair or replace your vehicle.
Compare home and auto bundles. Comparing home and auto bundles could also help you save money.1 Insurance rates vary by company, and so do bundling discounts and rates.
More auto insurance discounts for seniors
Beyond bundling, many car insurance companies offer a range of discounts for policyholders. Other common car insurance discounts that could benefit seniors include:
Good driver discount: Many insurance companies offer good driver discounts for drivers with no recent driving infractions, such as at-fault accidents, speeding tickets, or other moving violations.
Low-mileage discount: If you’re driving less in retirement, ask prospective insurers about a low-mileage discount. You can save on your auto insurance by driving fewer miles.
Defensive driver discount: Many insurance companies also offer a defensive driver discount if you take a safe driving course.2 This could be a good opportunity if you can find this type of course in your area.
Paid-in-full discount: You can also save by paying for your policy in full annually, as opposed to paying your premiums monthly.
Discount opportunities vary by insurance company, so ask prospective insurers which discounts they offer. Many also advertise potential savings options on their websites.
More homeowners insurance discounts for seniors
Many insurers also offer opportunities to save on your homeowners insurance as a senior. Common home insurance discounts that could benefit you include:
Loyalty discount: You could be eligible for a loyalty discount on your home insurance if you bundle your policies or have maintained the same coverage with the same insurer for several years.
Retiree discount: Some insurers may also offer a retiree discount that lets you save on homeowners insurance in your golden years.3
Paid-in-full discount: As with car insurance, you could save on your homeowners insurance if you pay your full premium annually instead of monthly.
Again, discount options differ depending on the insurance company. Shopping around with multiple insurers is the best way to find a set of discounts that aligns with your situation.
Best home and car insurance bundle for seniors FAQs
If you’re still wondering about bundling home and car insurance, here are some common questions and answers.
What happens if you cancel one of your bundled policies?
You’ll likely lose your bundling discount if you cancel one of your bundled policies. But different insurers may have different ways of handling this. If you have questions about dropping a bundled policy, contact your insurance company directly.
How much can you save by bundling?
Bundle discounts vary by insurance company. Different insurers offer different opportunities to save. For instance, Erie offers a discount of 15% or more, COUNTRY Financial’s discount is up to 30%, and USAA offers a discount of up to 10%.
Do auto insurance costs increase with age?
Car insurance is generally less expensive for senior drivers than for other age demographics. But rates increase slightly around age 70, as accident risks increase for older drivers.4 That said, your insurance rates will vary depending on your driving history, ZIP code, gender, and other factors.
How much does homeowners insurance cost for seniors?
A homeowner’s age doesn’t affect their home insurance premiums, although the age of their home does. Many other factors affect home insurance costs, including where you live, the size and condition of your home, and, in some states, your credit. On average, homeowners insurance costs about $3,259 annually for a policy with $400,000 in dwelling coverage and a $1,000 deductible, according to Insurify data.
Who has the cheapest auto insurance for seniors?
COUNTRY Financial is the insurance company with the cheapest liability car insurance for seniors. Its average monthly cost for drivers in their 60s is $28.
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