Homeowners insurance is a must-have, but let’s be honest—it can get pricey. If you’re wondering when homeowners insurance starts to become more affordable, the good news is: age is on your side.
At Eugene C. Yates Insurance Agency, we’ve been helping Sacramento residents save on insurance since 1946. Let’s explore how your age can affect your insurance premium—and when you can expect your rates to go down.
✅ When Does Homeowners Insurance Get Cheaper?
Many insurance companies offer senior or retiree discounts starting around age 55 to 65. These discounts recognize that retirees:
- Spend more time at home (reducing theft risk)
- Tend to maintain their homes better
- File fewer claims overall
As a result, insurance providers often view older homeowners as lower-risk clients.
🏡 Pro tip: Even if you’re still working, you might qualify for a mature homeowner discount if you’re over age 55.
🧓 Why Retirees May Pay Less for Home Insurance
Here’s why premiums often decrease in your 50s and 60s:
- Lower claim risk – Retirees are often home more often, catching issues like leaks or break-ins quickly.
- Improved home safety – Many older homeowners invest in safety upgrades like alarm systems, smart locks, or modern roofing.
- Smaller or downsized homes – After retirement, many people downsize to smaller homes, which cost less to insure.
📉 How Much Can You Save?
On average, a senior discount can save you 10–20% on your homeowners insurance premium. Combined with other discounts (like bundling home and auto insurance), you could see even greater savings.
Example:
A homeowner paying $1,800/year could potentially save $200–$400 annually just by turning 60 and qualifying for a mature homeowner discount.
🔍 Other Ways to Lower Homeowners Insurance Costs
Even if you’re not yet eligible for an age-based discount, there are still plenty of ways to save:
- Bundle your home and auto insurance
- Raise your deductible to lower your premium
- Install security features (cameras, deadbolts, smoke detectors)
- Stay claims-free to maintain loyalty and safe homeowner discounts
- Review your policy annually to adjust coverage or shop around
⚠️ When Insurance Can Get Expensive Again
Keep in mind: while age can reduce premiums, older homes may increase your rates due to:
- Aging roofs or outdated plumbing/electrical systems
- Higher rebuild costs
- Increased likelihood of claims
That’s why regular home maintenance is essential—especially for aging-in-place homeowners.
🏆 Let Us Help You Maximize Your Savings
At Eugene C. Yates Insurance Agency, we specialize in finding affordable, comprehensive home insurance for homeowners at every stage of life. As an independent agency, we work with top-rated carriers and shop around for you—so you always get the best deal.
📞 Ready to Find Out If You Qualify for Senior Discounts?
We make it easy:
- Call today to speak with a licensed local agent
- Or get a free quote online in just minutes
Eugene C. Yates Insurance Agency
Proudly protecting Sacramento homes since 1946
Affordable. Trusted. Local.