Yes, seniors can get significant discounts on home insurance. While simply turning a certain age doesn't automatically lower premiums, many insurance carriers offer specific discounts for homeowners aged 55 and older.
AIG is the cheapest home insurance provider for seniors, costing an average of $91 a month for $250,000 in dwelling coverage and a $1,000 deductible. Find out if you're overpaying for home insurance below. The cheapest home insurance for seniors nationally are AIG Insurance, Amica and AAA.
We encourage you to contact providers directly for more information about plans. AARP® Homeowners Insurance from The Hartford offers coverage for those who own a house or condo. For more information, please go to the AARP® Homeowners Insurance from The Hartford† website or call 1-888-755-0425.
Some homeowners insurance carriers offer discounts specifically for seniors. While each carrier can define “senior” however they wish, if the carrier does offer a senior discount, it will usually be available to homeowners who are 65 years old or older.
It is often cheaper to buy buildings and contents insurance as a combined policy if you want to take out both kinds of cover. A combined policy also has the benefit of being easier to manage.
Citing severe weather and natural disasters, the study's authors found that home insurance costs are expected to increase 4% on average by the end of the 2026, marking the fifth straight year of increases.
Avoid any admissions of fault or liability when talking to your adjuster. Such statements can be used to shift blame, potentially decreasing the amount you might be compensated. Instead, focus on describing the damage and the events as they happened, without inserting personal opinions about who might be at fault.
To help keep insurance costs down, The Hartford provides seniors with exclusive benefits and savings through the AARP Home Insurance Program from The Hartford, which is the only national home insurance program endorsed by AARP. To get your personal AARP member quote, call The Hartford at 877-422-2345.
The senior tax deduction, sometimes called 'No Tax on Social Security', is up to $6,000 for single filers and $12,000 for joint filers, and was created to potentially eliminate taxes on Social Security benefits. It's available to all eligible seniors, even if you don't have Social Security income.
Raise your deductible.
If you can afford to pay more toward a loss that occurs, your premiums will be lower. Also, avoid making claims for losses of less than $1,000.
Vehicle and Property
When dealing with an insurance company, avoid over-explaining or volunteering unprompted details, as adjusters look for statements to minimize or deny payouts. Stick strictly to the facts, and never admit fault, guess about events, or downplay injuries, especially immediately after an accident.
The insurance company that denies the most claims depends heavily on the type of insurance you are referring to:
Look for insurance discounts for seniors
Seniors may be able to take advantage of discounts to keep homeowners insurance rates low. These are some common discounts you may want to look for: Claims free: Many insurers offer discounts for policyholders who go a set period of time without filing a claim.
Neither company is universally "better"; the right choice depends on your specific needs, location, and plan design. Blue Cross Blue Shield (BCBS) typically offers a more extensive provider network, higher customer satisfaction, and better out-of-state coverage, while UnitedHealthcare (UHC) often features lower premiums and stronger digital tools.
Best Overall
Allstate offers affordable homeowners insurance rates compared to its competitors. It also offers many discounts that seniors could benefit from. You can save by taking advantage of Allstate's loyalty discount, multi-policy discount, and responsible payment discount.
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Legally, you are not required to have home insurance. However, going without it is incredibly risky. If you have a mortgage, your lender will legally require you to maintain coverage. Even if your home is paid off, skipping insurance means you are personally responsible for the entire cost of rebuilding after a disaster or paying out-of-pocket for lawsuits if someone is injured on your property.
The standard monthly premium for Medicare Part B enrollees will be $202.90 for 2026, an increase of $17.90 from $185.00 in 2025. The annual deductible for all Medicare Part B beneficiaries will be $283 in 2026, an increase of $26 from the annual deductible of $257 in 2025.