The Cheapest Homeowners Insurance for Seniors in 2026
On average, seniors pay $186 per month for home insurance. But Shelter offers cheaper rates.
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Written bySarah Sharkey
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Sarah SharkeyAuto Insurance Writer
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Edited byNick Versaw
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Nick VersawSenior Managing Editor
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Reviewed byMacK Korris
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MacK KorrisLicensed P&C Insurance Agent and Expert Fact-Checker
Licensed property and casualty insurance agent
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When it comes to home insurance, your age generally won’t affect your rates. Other factors, like your home’s value and your claims history, influence what you pay for coverage. But if you work with certain insurers, you might qualify for a senior discount that brings down your costs.
This guide will explore what factors affect home insurance rates and how to find the cheapest rates for your situation.
Key Takeaways
Seniors pay an annual average of $2,228 for home insurance.
The most affordable home insurance company is Shelter.
Home insurance companies consider many factors, like your location and coverage needs, before determining home insurance premiums.
The Cheapest Homeowners Insurance Companies for Seniors
No single company offers seniors the cheapest rates across the board. After all, many factors, like location, home details, and coverage needs, go into determining your home insurance premiums, so it’s important to shop around before choosing a particular company.[1]
The table below highlights the cheapest home insurance companies for seniors and their average monthly rates.
The below national rates are estimated rates current as of: Monday, August 31 at 5:00 PM PDT.
Company | Average Monthly Premium |
|---|---|
| Grange | $89 |
| CSAA | $92 |
| Amica | $103 |
| AIG | $113 |
| Westfield | $118 |
| National General | $128 |
| USAA | $132 |
| American Family | $143 |
| AFI | $144 |
| Foremost | $161 |
| Mercury | $161 |
| Allstate | $162 |
| Travelers | $163 |
| ASI | $167 |
| Farmers | $179 |
| State Farm | $182 |
| Auto-Owners | $198 |
| Encompass | $213 |
| Nationwide | $217 |
| Erie | $220 |
| Country Financial | $231 |
| Chubb | $240 |
| Allied | $258 |
| Metropolitan | $281 |
| Shelter | $282 |
We sourced this data by analyzing real quotes from Compare.com's 100-plus partner insurance companies alongside rate filings collected and distributed by Quadrant Information Services. Actual quotes may vary. Data updated on Monday, August 31 at 5:00 PM PDT.
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The Best Companies for Senior Home Insurance
The right insurance company for you depends on your unique situation, but some companies may be better choices for senior homeowners than others. As you begin to shop around, consider our picks for the best companies for senior home insurance.
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
Not rated
Why we picked this company
The Hartford might be a good fit if you have already joined AARP and want access to around $1,000 in home insurance discounts. Beyond the opportunity for savings, The Hartford’s reputation for high-quality customer service means you’ll have support when you need it.
Pros
Above-average J.D. Power customer satisfaction rating
Senior discount available
Cons
Poor Trustpilot rating
Available only to AARP members
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
Not rated
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
Not rated
Why we picked this company
Erie offers homeowners relatively affordable insurance for seniors. In addition to great rates, Erie has earned top-tier customer satisfaction ratings in the J.D. Power U.S. Home Insurance Study. Unfortunately, this insurance company operates in only 12 states, making it not a viable option for many senior homeowners.
Pros
Above-average J.D. Power customer satisfaction rating
Often cheaper than other insurers
Cons
Poor Trustpilot rating
Available in only 12 states
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
Not rated
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
Not rated
Why we picked this company
With a range of coverage and add-on options, Amica Mutual can help you find the right policy for your home. Notably, Amica offers dividend policies, which may return a portion of your premium in years that you don’t file a claim. For seniors looking to trim costs, this potential opportunity could make working with Amica worthwhile.
Pros
Above-average J.D. Power customer satisfaction rating
Excellent Trustpilot rating
Cons
Not always the cheapest insurer
Limited discount options
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
Not rated
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
Chubb might be a great fit for seniors living in high-value homes. The insurer has a reputation for working with high-net-worth homeowners to provide high coverage limits. Working with the company involves the help of a trained risk consultant to evaluate your home’s risks and a HomeScan program to help you potentially identify hidden problems early.
Pros
Above-average J.D. Power customer satisfaction rating
Customizable coverage
Cons
Poor Trustpilot rating
Agent required for a quote
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
Not rated
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
Travelers offers relatively affordable coverage. But for seniors living in older homes, the real value of working with Travelers lies in its flexible coverage options for aging homes.
Specifically, the company’s additional replacement cost coverage can provide extra coverage for rebuilding or repairing your home after meeting a typical policy coverage limit on a claim. This could come in handy for getting an older home back in working order after a disaster.
Pros
Customizable coverage for older homes
Many in-person agents
Cons
Poor Trustpilot rating
Below-average customer satisfaction rating
Average Cost of Home Insurance for Seniors
On average, seniors pay $186 per month for home insurance policies with $300,000 in dwelling coverage. But your rates can vary based on many factors, including your home’s value, location, and coverage needs.
The table below highlights average home insurance premiums for seniors with different amounts of dwelling coverage.
Dwelling Coverage Amount | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| $200,000 | $136 | $1,628 |
| $300,000 | $186 | $2,228 |
| $400,000 | $236 | $2,828 |
| $500,000 | $286 | $3,437 |
| $750,000 | $410 | $4,922 |
We sourced this data by analyzing real quotes from Compare.com's 100-plus partner insurance companies alongside rate filings collected and distributed by Quadrant Information Services. Actual quotes may vary. Data updated on .
Average home insurance costs for seniors by state
Home insurance costs can vary dramatically from state to state. In addition to the different threats facing homes in each state, a state’s insurance rules and regulations can significantly affect your costs.
The map below shows the average home insurance rates by state for seniors.
Home Rates for Seniors by State
State | Average Annual Premium |
|---|---|
| Alabama | $3,480 |
| Alaska | N/A |
| Arizona | $1,955 |
| Arkansas | $3,540 |
| California | $1,619 |
| Colorado | $3,081 |
| Connecticut | $1,962 |
| Delaware | $1,373 |
| Florida | $6,910 |
| Georgia | $2,568 |
| Hawaii | $227 |
| Idaho | $1,969 |
| Illinois | $2,170 |
| Indiana | $1,894 |
| Iowa | $2,922 |
| Kansas | $3,237 |
| Kentucky | $2,994 |
| Louisiana | $5,308 |
| Maine | $1,266 |
| Maryland | $1,993 |
| Massachusetts | $2,176 |
| Michigan | $2,292 |
| Minnesota | $2,488 |
| Mississippi | $3,089 |
| Missouri | $2,940 |
| Montana | $2,261 |
| Nebraska | $4,349 |
| Nevada | $1,236 |
| New Hampshire | $892 |
| New Jersey | $614 |
| New Mexico | $2,576 |
| New York | $1,022 |
| North Carolina | $3,195 |
| North Dakota | $2,341 |
| Ohio | $1,586 |
| Oklahoma | $4,418 |
| Oregon | $1,434 |
| Pennsylvania | $1,296 |
| Rhode Island | N/A |
| South Carolina | $2,772 |
| South Dakota | $1,474 |
| Tennessee | $3,041 |
| Texas | $4,489 |
| Utah | $1,312 |
| Vermont | $1,145 |
| Virginia | $1,715 |
| Washington | $1,495 |
| District of Columbia | $1,476 |
| West Virginia | $908 |
| Wisconsin | $1,453 |
| Wyoming | $1,676 |
Factors That Affect Homeowners Insurance Rates for Seniors
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When determining premiums, home insurance companies take many factors into account. For starters, your home’s value will affect your premiums. But some other key factors include:
Home age and condition: Older homes are typically more expensive to insure than new homes. That’s because aging homes are often more difficult and costly to repair.[2]
Location: Your home’s exact location affects your insurance premiums significantly. A few details include your proximity to the coastline, local weather risks, and distance to a fire station.
Claims history: A history of filing home insurance claims can push your premiums higher. But staying claims-free might positively affect your rates.
Policy details: The exact type of coverage you choose will influence your costs. You can expect more robust coverage to cost more.
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Home Insurance Discounts for Senior Citizens
Some home insurance companies, like The Hartford and Security First, offer senior citizen discounts. Although the exact details of how to qualify and how much you’ll save vary from insurer to insurer, it never hurts to ask for a discount.
Explore some senior citizen discount opportunities in the table below:
Company | Advertised Savings | How to Qualify |
|---|---|---|
| The Hartford | Up to $1,000 when you bundle home and car insurance | Must be AARP member |
| Security First | Not disclosed | Must be at least 55 years old |
| Pacific Specialty | Not disclosed | Must be at least 55 years old and retired |
How Seniors Can Get Cheaper Homeowners Insurance
When looking for cheaper home insurance options, you can use some of the following strategies:[3]
Shop around. Every insurer has a different way of assessing risks and determining rates. Comparing home insurance quotes across multiple insurance companies can help you lock in the best rate.
Raise your deductible. Generally, insurers offer lower premiums to homeowners who opt for a higher deductible.
Upgrade your home security system. Installing alarm systems could help you score a discount.
Bundling your coverage. If you need other types of insurance, like auto insurance or life insurance, buying this coverage through the same insurer could lead to a bundling discount.
Assess your coverage needs. Consider how much home insurance coverage you truly need, and only pay for what you need. For example, lowering your liability coverage limits could lead to lower rates.
Cheapest Homeowners Insurance for Seniors FAQs
Find the answers to your questions about home insurance for seniors below.
What company has the lowest home insurance rates for seniors?
Erie offers the most affordable homeowners insurance coverage for all ages, including seniors, according to Compare.com data. But the cheapest company for you depends on various factors, like where you live and the cost to rebuild your home.
Do seniors get discounts on homeowners insurance?
Yes. Some insurance companies offer senior discounts for home insurance. For example, The Hartford provides a discount to seniors who are members of AARP.
Is State Farm really giving seniors free insurance?
No. State Farm doesn’t offer free insurance for seniors.
What company has the best home insurance for senior citizens?
The Hartford and Erie offer some of the best home insurance for seniors. But the right insurance company for you will vary based on your situation.
Does age affect home insurance rates?
Your age won’t affect your home insurance rates. But insurers usually consider the age of your home when calculating insurance rates, since older homes generally cost more to repair or replace.[4]
What types of homeowners coverage do senior citizens need?
Seniors need standard homeowners insurance that offers protection for the dwelling, personal property, and personal liability, plus reimbursement for temporary living expenses during covered repairs. You may also need higher coverage limits or special coverage, like flood insurance, depending on your home’s location.
Sources
- National Association of Insurance Commissioners. "A Consumer's Guide to Home Insurance."
- Insurance Information Institute. "How much homeowners insurance do I need?."
- Insurance Information Institute. "12 Ways to Lower Your Homeowners Insurance Costs."
- Insurance Information Institute. "Home buyer's insurance guide."
Methodology
Compare.com data scientists analyzed rates from more than 180 home insurance companies sourced directly from Compare.com’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Compare.com’s proprietary database. Rates are updated monthly.
)
Sarah SharkeyAuto Insurance Writer
Nick VersawSenior Managing Editor
MacK KorrisLicensed P&C Insurance Agent and Expert Fact-Checker
Licensed property and casualty insurance agent
NPN: 21630969