Thousands of Australian seniors could be missing out on low-cost or even free car insurance options, simply because they don't know these age-based benefits exist. As insurance providers adjust premiums for older, safer drivers, some companies now offer exclusive deals for those aged 60 and above. If you're a senior or helping one shop for cover, you may want to take a closer look—the savings could be significant.
Why Seniors Are Often Offered Lower Car Insurance Rates
Insurance companies in Australia often view senior drivers—especially those over 60 or 65—as low-risk policyholders. This is because they generally drive less, are more experienced behind the wheel, and tend to file fewer claims. As a result, many insurers offer special discounts, loyalty perks, or even “free” coverage under bundled plans (e.g., combining home and auto). But these deals often go unnoticed unless actively researched.