Updated: July 4, 2025
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GEICO has the lowest car insurance rates for 50-year-old drivers, costing an average of $43 per month.
For 50-year-olds prioritizing customer service, Travelers stands out as the top-rated provider, earning a MoneyGeek score of 93 out of 100.
Car insurance premiums are usually lower for 50-year-olds. Bundling home and auto insurance, maintaining a clean record and using discounts can further reduce costs.
For drivers in their 50s, GEICO provides the most affordable minimum coverage at $43 per month, based on MoneyGeek’s cost analysis. However, your cheapest option may change depending on the coverage level you need. The table below compares low-cost providers for 50-year-olds across different coverage types.
| Geico | $43 | $522 | -35% |
| Travelers | $50 | $601 | -25% |
| National General | $50 | $605 | -25% |
| State Farm | $51 | $616 | -24% |
| Amica | $56 | $670 | -17% |
| Chubb | $61 | $728 | -10% |
| Kemper | $62 | $744 | -8% |
| Progressive | $67 | $802 | 0% |
| AAA | $69 | $822 | 2% |
| Nationwide | $71 | $852 | 6% |
| Farmers | $78 | $938 | 16% |
| Allstate | $81 | $971 | 21% |
| AIG | $81 | $972 | 21% |
| UAIC | $119 | $1,433 | 78% |
Car insurance rates for 50-year-olds aren’t the same across the country. For example, GEICO offers the lowest rates in Wyoming at $14 per month, while NYCM Insurance is the most affordable option in New York, with average premiums of $25 per month.
| AIG | $22 | $268 | -60% |
Car insurance costs vary significantly by state, and not every company operates nationwide. To find the most affordable car insurance for 50-year-olds, compare at least three quotes side-by-side. Use a quote comparison tool to find competitive offers fast.
If service quality matters more to you than just a low premium, Travelers is MoneyGeek’s top pick for 50-year-olds. It earned a MoneyGeek score of 93 out of 100 and offers strong customer support at an average cost of $103 per month for minimum liability insurance.
| Travelers | $50 | 94 |
| Amica | $56 | 91 |
| Geico | $43 | 91 |
| Progressive | $67 | 90 |
| State Farm | $51 | 89 |
| Chubb | $61 | 88 |
| National General | $50 | 87 |
| Farmers | $78 | 86 |
| Nationwide | $71 | 85 |
| AAA | $69 | 83 |
| Allstate | $81 | 83 |
| AIG | $81 | 80 |
| Kemper | $62 | 79 |
| UAIC | $119 | 67 |
With more than 165 years of experience, Travelers provides broad coverage and a robust agent network for accessible support. It insures millions of drivers and holds 2.11% of the U.S. auto insurance market.
On average, it costs about $61 per month to insure a 50-year-old male with minimum liability coverage. While rates at this age tend to be lower thanks to a history of safe driving and financial stability, your premium may vary based on your location, credit score, coverage level, and driving record. Although, some states restrict which of these factors insurers can use.
Use the table below to estimate what car insurance costs for 50-year-olds based on your situation.
| State Minimum Liability Only | $61 | $727 |
| State Minimum Liability w/ Full Cov. w/$1,000 Ded. | $74 | $886 |
| State Minimum Liability w/ Full Cov. w/$2,000 Ded. | $97 | $1,168 |
| 100/300/100 Full Cov. w/$1,000 Ded. | $125 | $1,495 |
| 50/100/50 Full Cov. w/$500 Ded. | $125 | $1,505 |
| State Minimum Liability w/ Full Cov. w/$250 Ded. | $128 | $1,539 |
| 300/500/300 Full Cov. w/$1,500 Ded. | $138 | $1,660 |
| State Minimum Liability w/ Full Cov. w/$0 Ded. | $151 | $1,812 |
Car insurance for 50-year-olds often comes with lower rates, but choosing the right policy still takes careful planning. This guide helps you compare coverage options, discounts and insurers. It outlines costs and coverage needs and provides tips on finding affordable, reliable protection suited to your needs.
Adding a 50-year-old driver to a family insurance policy is one way to secure better car insurance rates. Covering the whole family under one policy can unlock discounts, such as bundling and multi-vehicle savings. Additional strategies can help further reduce costs for 50-year-old drivers.
Car insurance rates vary significantly between companies, so shopping around is a key way to find lower premiums. Our research shows drivers can save up to 32% annually by comparing quotes.
Even a small accident or speeding ticket on your record can raise your insurance rates. A DUI or major accident causes a bigger increase. Having multiple violations may make it hard to get insurance.
At 50, you may qualify for discounts like savings on multiple cars or bundling home and auto insurance. Early renewal, military or employer discounts could also apply. Safe driving and loyalty discounts are common if you’ve stayed with the same insurer for years.
Car insurance companies usually require all licensed drivers in your household to be listed on your policy. To save money when adding your child to your policy, assign them to your least expensive car, as young drivers often have the highest rates.
Bundling home and auto insurance can simplify your bills and often reward you with discounts.
At 50, your insurance needs may have changed. Review your coverage to ensure it fits your current situation, and consider reducing unnecessary coverage to save money.
Sports and luxury cars cost more to repair, making them more expensive to insure. A sedan or minivan can help keep your rates lower.
Many insurers offer discounts to help 50-year-old drivers save on car insurance. Using these opportunities can greatly reduce your premiums. Here are some common discounts for older drivers:
Experienced drivers with clean records can enjoy significant savings. Avoiding accidents and tickets over time makes you a low-risk customer, leading to lower rates.
Bundling auto and home or renters insurance can simplify coverage and provide significant savings for 50-year-olds. This is especially helpful for homeowners seeking easy insurance management.
Retired or semi-retired drivers who no longer commute daily may qualify for lower premiums. Driving less reduces your risk, which insurers reward with discounts.
Usage-based programs like Progressive’s Snapshot or State Farm’s Drive Safe & Save can reward safe habits such as gentle braking, limited night driving and low mileage. These programs are ideal for 50-year-olds who have established responsible driving patterns.
Many insurers offer discounts for completing a defensive driving course. These courses can save money and refresh your knowledge of road safety and updated laws.
If you’ve been with the same insurer for years, you may qualify for a discount. Loyalty can pay off, but it’s still worth comparing rates to ensure your current policy remains competitive.
Credit scores often improve with age and financial stability, making many 50-year-olds eligible for big discounts. Maintaining good credit can lower premiums even further.
If you're a 50-year-old driver looking for cheap car insurance, GEICO offers the lowest rates at around $43 per month for minimum coverage. Other affordable options include Travelers, National General, and State Farm, with Travelers standing out for excellent customer service. Premiums at age 50 are typically lower, but your exact rate will still depend on factors like your driving history, location, and coverage level. To find the best deal, compare quotes from multiple insurers that cater to drivers in their 50s.
We explain key aspects of car insurance for 50-year-olds to help you make informed decisions confidently.
If you're a 50‑year‑old driver, GEICO is the cheapest car insurance option based on MoneyGeek’s rate data, averaging $43 per month (approximately $521/year) for state-minimum, liability-only coverage.
Car insurance is typically most expensive for teenagers and young drivers under 25 due to their higher risk of accidents.
Insurance rates don’t automatically drop at 50. Rates may decrease yearly if you maintain a clean driving record and other factors stay the same. Drivers in their 50s often benefit from lower rates due to experience and stable records, but rates typically rise after age 65.
Why Trust MoneyGeek?
We collected data from Quadrant Information Services and state insurance departments to analyze rates for different driver profiles and locations. This research highlights the importance of comparing car insurance rates, as costs for the same profile can vary by company.
Study Overview
MoneyGeek analyzed national and state average costs using a sample driver profile to determine the price of minimum coverage insurance, compare minimum vs. full coverage rates and examine how rates change for risky drivers with accidents or tickets.
Data Sources and Depth
Data came from state insurance departments and Quadrant Information Services. Our analysis included 1,904 quotes from six insurers across 100 ZIP codes.
Driver Profile
To find the average annual insurance costs, the sample driver profile used for our analysis included:
This profile was adjusted by location, coverage type and amount to calculate average costs across the U.S.
Coverage Levels and Deductibles Explained
100/300/100 is shorthand for:
50/100/50 is shorthand for:
For national averages, we used 100/300/100 coverage with a $1,000 deductible. For state-specific data, we used 50/100/50 coverage with the same deductible.
Learn more about MoneyGeek's methodology.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
