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Discounts on Insurance for Seniors: Make Your Budget Stretch

Everyone needs insurance. That doesn’t change when you’re over 55, and it certainly doesn’t change when you retire. But what does change when you retire is your income. While your expenses are probably staying the same (or going up!), your income is now fixed. One way to help handle this is to get recurring bills, like insurance, to cost less.

Luckily, there are plenty of great discounts on insurance for seniors. You just need to know where to look.


GEICO offers savings for seniors aged 50 and up for a number of their insurance products. While this special rate isn’t available in every state, it’s worth researching for your area to see what kind of rates GEICO can give you. The company is well-known for its lizard mascot and aggressive marketing campaign, but they also have great customer service and competitive insurance rates.

The Hartford

AARP members probably already know about The Hartford, but it’s worth mentioning if you’re unfamiliar with the company. The Hartford is an insurance company that specializes in insurance policies for retired people, and AARP members get unique discounts on their rates and policies through the company.

If you’re not already an AARP member, you could consider joining just for the savings you can get from membership. The Hartford is just one element of that: the group also offers discounts on cell phone plans, gas for your car, and everything in between. Anyone aged 55 and up can join, not just people who have already retired.

New York Life Insurance Policy

Speaking of benefits for AARP members, New York Life offers a very competitive rate on term life insurance. While it’s troubling to think about what your family would do if you were gone, it’s an eventuality that you need to be prepared for. That’s where life insurance comes in.

In the event of your passing, you want your family to be taken care of. AARP members are able to apply for up to $100,000 in term life insurance through New York Life.

Petplan Pet Insurance

Our four-legged friends can have health issues, too. The most painful feeling for a pet owner is being unable to afford the medical attention your pet needs.

Petplan offers insurance for pet health, and AARP members can get discounts in most states on their insurance plans for their fuzzy pals. Your pet is always there for you when you need companionship, so be there for them when they need medical attention.

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