Best Homeowners Insurance for Seniors
State Farm is usually cheapest, while AAA has the best discounts
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- State Farm has the cheapest homeowners insurance for seniors on average.
- AAA has the best home insurance discounts for older homeowners.
- AARP has the best coverage package for elderly homeowners.
Best home insurance companies for senior citizens
State Farm, AAA and AARP are LendingTree’s picks for the best homeowners insurance companies for senior citizens. State Farm has the cheapest rates, AARP has convenient coverage options for elderly homeowners and AAA has the best discounts.
Best for cheap rates: State Farm
Average annual rate: $1,761
LendingTree rating: 4/5
Why we chose it: At $1,761 a year, State Farm has the cheapest home insurance for most age groups among major companies. State Farm also has cheap car insurance. This usually makes it affordable for bundling your home and auto insurance.
Who it’s best for: Most senior citizens. In addition to cheap rates, State Farm offers the insurance protections most seniors need, such as expanded coverage for jewelry, fine art and other valuables. State Farm also offers add-on coverage for water backups and damage to underground utility lines.
PROS
- Cheapest home insurance rates among major companies
- Cheap car insurance makes bundling affordable
- Useful add-on protections for your home
CONS
- No specific home insurance discount for senior citizens
Best coverage options for seniors: AARP/The Hartford
Average annual rate: Not available
LendingTree rating: Not available
Why we chose it: AARP’s homeowners insurance program with The Hartford is designed for homeowners over 50. It includes coverage options that make it easy to protect valuables you’ve obtained over the years.
Who it’s best for: AARP members looking for convenience. The Hartford’s Enhanced and Premium packages for AARP members simplify the process of insuring your home. They include coverage for water backups and appliance breakdowns. AARP also has a coverage program for valuables that protects items for up to $10,000 each without an upfront appraisal.
PROS
- Insurance packages with valuable add-on protections
- Convenient coverage options for valuables
- Exclusive coverage and benefits for AARP members over 50
CONS
- Not accepting new customers in California and Florida
Best discounts for seniors: AAA
Average annual rate: $1,925
LendingTree rating: 2/5
Why we chose it: In some areas, AAA’s mature homeowners discount can knock up to 12% off your insurance rate. You can get it starting at age 50 or 55, depending on where you live. AAA’s discounts for bundling policies and renovated homes can save you more money.
Who it’s best for: AAA members. You usually have to be a AAA member
A AAA membership usually costs between about $65 and $135, depending on the membership tier you choose.
PROS
- Affordable home insurance rates
- Discounts for older homeowners
- Personalized service available by phone
CONS
- You usually have to pay for a AAA membership to get its insurance
Compare home insurance rates
| Company | Annual rate | Monthly average | LendingTree rating | |
|---|---|---|---|---|
 | State Farm | $1,761 | $147 | Read Our Review |
 | AAA | $1,925 | $160 | Read Our Review |
` ` | Allstate | $2,352 | $196 | Read Our Review |
 | Farmers | $2,895 | $241 | Read Our Review |
 | Progressive | $3,084 | $257 | Read Our Review |
` ` | Travelers | $3,216 | $268 | Read Our Review |
 | American Family | $3,423 | $285 | Read Our Review |
 | Nationwide | $3,490 | $291 | Read Our Review |
The actual price you pay for home insurance depends on factors like:
- Your location
- The amount of coverage you need
- Whether you’ve had recent claims
- Your credit history (in most states)
Each company treats these factors differently, and their rates vary by customer. Comparing home insurance quotes from a few companies helps you find the best rate for your situation.
Best home insurance discounts for senior citizens
Home insurance discounts for senior citizens are not very common. However, as you get older, it may be easier for you to qualify for some of these general home insurance discounts below.
Bundling
Most companies give you a generous discount for getting more than one policy from them. Home and auto insurance bundles are fairly common. You can usually save more if you add an umbrella policy or insurance for a boat or RV to your bundle.
New or renovated homes
Several companies lower your rate if you live in a newer home. Recent renovations to your wiring, plumbing, HVAC and/or roof can often get you discounts, too.
Strengthened homes
Some companies give you a discount for strengthening your home with windproof or fire-resistant materials.
Protective devices
Most home insurance companies give you discounts for home security and protection measures. Smoke detectors and deadbolt locks usually get you a small discount. Internet-connected systems often help you save more.
Payment and paperless discounts
Paying for your policy upfront or setting up automatic payments can usually also get you a home insurance discount. Many companies give you another discount for opting to get your policy documents by email.
How much home insurance do senior citizens need?
Most senior citizens need the same basic insurance coverages as homeowners in other age groups. Here are the main coverages and limits to focus on in your quotes.
Dwelling
Dwelling coverage pays to repair structural damage to your home from covered causes. Your policy’s dwelling limit should match your home’s replacement value, which is the estimated cost of rebuilding it after a total loss. It’s usually lower than your home’s market value or purchase price.
Other structures
This covers structural damage to structures on your property that aren’t attached to your home. These can include a detached garage, shed, cottage and fence. Most companies offer this in default amounts, but you usually can get more.
Personal property
Your personal property includes your furniture, electronics, plug-in appliances and other stuff. This is commonly offered in amounts ranging from about 40% to 75% of your dwelling limit. You can usually adjust this to fit your needs.
It’s good to create an itemized list of your possessions with their value and other purchase details. A home inventory like this can help you figure out how much personal property coverage you need. It can also help you document your losses after a disaster or burglary.
Loss of use
This covers temporary living expenses if a covered disaster forces you from your home. If the amount on your quote is less than a year’s worth of rent in your area, consider asking for more.
Personal liability
If you injure someone or damage their property, your liability covers their expenses. It also pays for your legal defense against a liability claim. Many policies come with a default limit of $100,000, but you can usually get more. Higher limits protect you from having to dip into your savings to cover a particularly costly injury.
Guest medical
This covers medical treatment for a visitor injured on your property, regardless of fault. Higher limits are generally better, but the default limits are usually enough.
Add-on home insurance protections
Most home insurance companies offer add-on coverage options for extra protection. Of them, the following extras can be particularly useful, and they usually don’t cost too much.
Scheduled personal property
Standard home insurance only provides limited coverage for valuables like jewelry. You can usually buy extra coverage for specific high-value items, but you may need appraisals for some.
Water backup coverage
Most companies don’t cover sewer or drainage backups unless you buy extra coverage for them. It pays to clean and repair building materials and personal items damaged by a water backup.
Guaranteed or extended replacement cost
A policy’s dwelling limit is not always high enough to cover the cost of rebuilding a home after a disaster. Extended replacement cost can add 10% to 25% to your dwelling limit to cover a shortfall like this. Guaranteed replacement cost gives you more protection.
Ordinance or law coverage
Your policy’s dwelling coverage pays to restore your home to its condition before a disaster. However, it may cost extra to meet building codes enacted after it was first built. Ordinance or law coverage pays for upgrades to meet new building requirements like these.
How LendingTree helps you find the right policy
Shopping for home insurance isn’t always straightforward — especially when availability and pricing can vary widely. LendingTree makes it easier by helping you explore options from multiple insurers, so you can find coverage that fits your needs and budget.
How it works
Tell us about your home
Answer a few quick questions about your home, location and coverage needs.
Compare options from insurers
See quotes and typical rates from insurers that offer coverage in your area.
Choose the right policy
Review your options and pick the coverage that fits your needs and budget.
Frequently asked questions
Yes, but not by much. In an analysis of home insurance rates in California, Florida and Texas, LendingTree found that 65-year-olds only pay 2% less for home insurance than 45-year-olds do.
AAA is one of the few major home insurance companies with discounts for senior citizens. In some states, you only have to be 50 to get it. In other states, such as Michigan, you have to be 55 and retired.
Standard homeowners insurance does not cover damage from floods or earthquakes. Instead, separate insurance is available for each of these risks.
Methodology
How we obtained homeowners insurance rates
The rates shown in this article are based on an analysis of nonbinding quotes obtained in February 2026 from Quadrant Information Services for typical homes in every state. Unless otherwise noted, policies include:
- Dwelling coverage: $400,000
- Other structures: $40,000
- Personal property: $200,000
- Loss of use: $80,000
- Personal liability: $100,000
- Guest medical payments: $5,000
- Deductible: $1,000
How we create LendingTree ratings
LendingTree’s insurance experts evaluate insurance companies across several categories, including average rates, discounts, coverage options, third-party customer service ratings and app/website experience. LendingTree uses this information to create LendingTree ratings, which help us identify and recommend the best insurance companies for consumers.
For third-party customer service ratings, we included NAIC’s Complaint Index scores and financial strength ratings from AM Best. NAIC Complaint Index scores show how well companies treat customers over things like claims, while financial strength ratings from AM Best reflect the ability to pay out claims.
See LendingTree’s home insurance ratings methodology and full editorial guidelines for further details.