As you enter your golden years, your lifestyle, financial goals, and insurance needs begin to shift. One question we often hear at Eugene C. Yates Insurance Agency is:
“Do seniors get discounts on homeowners insurance?”
The short answer? Yes, they do.
Many insurance companies offer exclusive savings for mature homeowners—sometimes shaving hundreds off your annual premium. Let’s explore how these discounts work and how you can take full advantage of them.
🧓 Why Do Seniors Pay Less for Home Insurance?
Insurance companies assess risk when pricing policies. Seniors—typically defined as homeowners aged 55 or older—are often seen as lower risk for several reasons:
✅ More Time at Home
Seniors are often retired or semi-retired, which means:
- Fewer burglaries and thefts (occupied homes are less likely to be targeted)
- Quicker response to water leaks, fires, or other issues
- Lower likelihood of filing large or frequent claims
✅ Long-Term Ownership and Responsibility
Mature homeowners often have:
- Better home maintenance habits
- Lower claims history
- Stronger credit scores
All of these factors make seniors more appealing to insurers—and more likely to receive lower rates.
💰 Types of Senior Discounts on Homeowners Insurance
Here are some common ways seniors can save:
🔹 1. Mature Homeowner or Retiree Discount
Most major insurers offer a direct discount to homeowners over a certain age—usually 55 or 60. This can reduce your premium by 5% to 15%, depending on the provider.
🔹 2. Bundling Discounts
Married or retired couples often bundle:
- Home insurance
- Auto insurance
- Life or umbrella insurance
Bundling with one provider can unlock discounts of up to 25%.
🔹 3. Home Safety Features
Many seniors install features like:
- Smoke and carbon monoxide detectors
- Burglar alarms or video doorbells
- Deadbolts and window locks
These upgrades can qualify you for home security discounts.
🔹 4. Loyalty Discounts
If you’ve been with your insurance company for several years, you may qualify for a loyalty discount—especially if you’ve stayed claim-free.
🧾 Tips to Maximize Your Savings as a Senior
- Shop around regularly. Even with discounts, rates can fluctuate between providers.
- Review your coverage needs. You may no longer need coverage for high-value items or risks that no longer apply.
- Raise your deductible. If you can afford a higher out-of-pocket cost, this can significantly reduce your premium.
- Work with an independent agent. At Eugene C. Yates Insurance Agency, we compare multiple carriers to ensure you get the best deal.
🧠 Final Thoughts
Yes, seniors absolutely qualify for exclusive homeowners insurance discounts—but they aren’t always automatically applied. The key is knowing what to ask for and working with an expert who understands how to unlock every available savings opportunity.
Let Us Help You Save More on Home Insurance
At Eugene C. Yates Insurance Agency, we’ve been helping Sacramento seniors find affordable, reliable homeowners insurance since 1946. We’ll search across dozens of top-rated carriers to get you the right coverage at the lowest price—with every possible senior discount applied.
📞 Call us today to speak with a friendly, licensed agent
💻 Or get your free personalized quote online—fast and easy!
Eugene C. Yates Insurance Agency
Trusted. Local. Serving Sacramento Since 1946
Affordable Home Insurance for Every Stage of Life