PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Does being retired affect your home insurance?
I recently retired. My home insurance is set to renew in two months. I haven’t gotten my renewal documents yet, but I’m worried my retirement may impact my insurance. Will being retired affect my home insurance?
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Congrats on retiring! I hope you enjoy having time to explore other things beyond work. Being retired may affect your home insurance, but this impact is typically positive.
Some home insurance companies offer discounts for retirees based on the idea they’re home more and less of a risk. For example, if you’re home more, you’re less likely to submit a claim for theft or vandalism since it’s less likely to occur.
Retiring shouldn’t negatively impact your home insurance unless you plan on traveling. If you start spending winters in Florida, you’ll need a home insurance endorsement that covers your home while it’s vacant. Adding an endorsement or coverage will increase your home insurance.
That said, you can call your insurance company now to determine whether they offer any discounts for retirees. You may be able to get a lower rate for your policy renewal.
If you want to save money on home, renters, or car insurance, the
Jerry
app is a good place to start. A licensed broker, Jerry does all the hard work of finding cheap quotes from the top name-brand insurance companies and buying new home or renters insurance. Jerry will even help you cancel your old policy.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies