State Farm offers the cheapest minimum coverage car insurance for drivers aged 50 and over at $75 per month. For full coverage, GEICO provides the most affordable option at $124.
Auto Insurance
Cheap Car Insurance for 50-Year-Olds
Updated: March 3, 2025
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Key Takeaways
State Farm, GEICO, Travelers, Nationwide and Progressive offer the most affordable rates for drivers 50 and over.
The average minimum coverage for 50-year-olds costs $1,046 annually, while a full coverage policy averages $1,768.
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.
Cheapest Car Insurance for 50-Year-Olds
| State Farm | $902 | $75 |
| GEICO | $904 | $75 |
| Travelers | $1,036 | $86 |
| Nationwide | $1,054 | $88 |
| Progressive | $1,087 | $91 |
| Allstate | $1,143 | $95 |
| Farmers | $1,194 | $100 |
Cheapest Auto Insurance for 50-Year-Olds by Gender
For 50-year-olds, age has little impact on car insurance rates, keeping them nearly the same. Gender also has minimal effect, unlike for drivers under 25. Rates for older adults depend more on factors like driving record, credit score and vehicle type. However, after age 65, rates typically increase each year.
| Female | $1,170 | $98 |
| Male | $1,160 | $97 |
Car Insurance Quotes for 50-Year-Olds
Car insurance rates vary by location, driving history and coverage needs. Use our quote calculator to compare providers and find the best rates for 50-year-olds. Bundle policies, check for discounts and shop around to save hundreds per year on coverage.
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Auto Insurance for 50-Year-Olds: Buying Guide
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.
How to Get Cheap Car Insurance for 50-Year-Olds
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.
- 1
Shop around
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.
- 2
Maintain a clean driving record
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.
- 3
Look for discounts
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.
- 4
Assign the cheapest car to your young driver
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.
- 5
Bundle policies
Bundling home and auto insurance can simplify your bills and often reward you with discounts.
- 6
Regularly review your coverage needs
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.
- 7
Drive an affordable car to insure
Sports and luxury cars cost more to repair, making them more expensive to insure. A sedan or minivan can help keep your rates lower.
Car Insurance Discounts for 50-Year-Olds
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:
Safe driver discount
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.
Multi-policy discount
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.
Low-mileage discount
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.
Telematics discount
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.
Defensive driving course discount
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.
Loyalty discount
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.
Good credit discount
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.
How Much Is Car Insurance for a 50-Year-Old Driver?
At 50, full coverage car insurance costs about $1,768 per year or $147 per month on average. Opting for higher coverage, such as a 300/500/300 policy with a $1,500 deductible, raises the average cost to $2,141 annually or $178 monthly.
Average Cost of Car Insurance for 50-Year-Olds by Coverage
Fifty-year-old drivers pay an average of $87 per month for minimum coverage, which is $10 more than State Farm’s lowest national rate.
| 100/300/100 w/ $1000 Deductible | $1,768 | $147 |
| 300/500/300 w/ $1500 Deductible | $2,141 | $178 |
| Minimum Coverage | $1,046 | $87 |
Cheapest Cars to Insure for 50-Year-Old Drivers
Even with typically lower rates, the vehicle you choose can significantly affect your insurance costs. The cheapest car to insure for 50-year-old drivers is a Subaru Forester, which costs $102 monthly for full coverage.
Data filtered by:Results filtered by:
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Coverage:Full Coverage
| Subaru Forester | $1,226 | $102 |
| Subaru Outback | $1,241 | $103 |
| Honda CR-V | $1,269 | $106 |
| MINI Cooper | $1,279 | $107 |
| Mazda CX-5 | $1,291 | $108 |
| Honda Odyssey | $1,295 | $108 |
| Jeep Wrangler | $1,296 | $108 |
| Honda HR-V | $1,300 | $108 |
| VW Tiguan | $1,313 | $109 |
| MINI Electric | $1,318 | $110 |
| Ford Escape | $1,333 | $111 |
| Ford F-150 | $1,336 | $111 |
| Toyota RAV4 | $1,347 | $112 |
| Toyota Tacoma | $1,367 | $114 |
| Honda Passport | $1,369 | $114 |
| Subaru Legacy | $1,372 | $114 |
| Toyota Sienna | $1,373 | $114 |
| Kia Soul | $1,376 | $115 |
| Toyota Highlander | $1,380 | $115 |
| Hyundai Kona | $1,384 | $115 |
| Subaru Impreza | $1,388 | $116 |
| Chevy Equinox | $1,393 | $116 |
| Chevy Silverado | $1,401 | $117 |
| Ford Explorer | $1,413 | $118 |
| Honda Pilot | $1,413 | $118 |
| Jeep Cherokee | $1,418 | $118 |
| Kia Niro | $1,421 | $118 |
| Acura MDX | $1,423 | $119 |
| Chevy Tahoe | $1,425 | $119 |
| Honda Accord | $1,429 | $119 |
| Jeep Gladiator | $1,445 | $120 |
| Honda Insight | $1,446 | $121 |
| Nissan Rogue | $1,446 | $121 |
| Jeep Grand Cherokee | $1,454 | $121 |
| Mazda3 | $1,457 | $121 |
| Nissan Frontier | $1,463 | $122 |
| Nissan Versa | $1,467 | $122 |
| Nissan LEAF | $1,468 | $122 |
| Ford Mustang Mach E | $1,472 | $123 |
| Toyota Prius | $1,477 | $123 |
| Chevy Bolt | $1,484 | $124 |
| Toyota Camry | $1,486 | $124 |
| Honda Ridgeline | $1,489 | $124 |
| Honda Civic | $1,491 | $124 |
| Toyota Corolla | $1,493 | $124 |
| VW Passat | $1,498 | $125 |
| Toyota Tundra | $1,507 | $126 |
| VW Golf | $1,520 | $127 |
| Nissan Pathfinder | $1,524 | $127 |
| Ram 2500 | $1,528 | $127 |
| VW Jetta | $1,528 | $127 |
| Nissan Sentra | $1,529 | $127 |
| VW ID.4 | $1,541 | $128 |
| Hyundai Elantra | $1,556 | $130 |
| Mercedes GLA 250 | $1,564 | $130 |
| Ram Rebel | $1,570 | $131 |
| Chevy Malibu | $1,579 | $132 |
| Chevrolet Camaro | $1,584 | $132 |
| Nissan Altima | $1,593 | $133 |
| BMW X3 | $1,605 | $134 |
| Ford Mustang Ecoboost | $1,605 | $134 |
| Hyundai Ioniq | $1,605 | $134 |
| Subaru WRX | $1,624 | $135 |
| Ford Expedition | $1,628 | $136 |
| Volvo XC40 | $1,639 | $137 |
| Chevrolet Camaro SS | $1,652 | $138 |
| Audi Q5 | $1,672 | $139 |
| Subaru BRZ | $1,711 | $143 |
| Audi A3 | $1,715 | $143 |
| Dodge Charger | $1,766 | $147 |
| Mercedes CLA 250 | $1,766 | $147 |
| Nissan Maxima | $1,785 | $149 |
| Ford Mustang | $1,792 | $149 |
| Audi Q7 | $1,799 | $150 |
| Dodge Challenger R/T | $1,810 | $151 |
| BMW 1 Series | $1,815 | $151 |
| BMW 3 Series | $1,820 | $152 |
| Chevrolet Corvette | $1,826 | $152 |
| Dodge Challenger | $1,845 | $154 |
| Kia Stinger | $1,849 | $154 |
| Audi A4 | $1,850 | $154 |
| Mercedes C-Class | $1,853 | $154 |
| Audi E Tron | $1,866 | $156 |
| BMW 4 Series | $1,952 | $163 |
| Tesla Model 3 | $1,954 | $163 |
| BMW 5 Series | $2,009 | $167 |
| Chevrolet Camaro ZL1 | $2,035 | $170 |
| Tesla Model Y | $2,054 | $171 |
| BMW X5 | $2,110 | $176 |
| Dodge Challenger SRT Hellcat | $2,198 | $183 |
| BMW X7 | $2,395 | $200 |
| BMW 7 Series | $2,416 | $201 |
| Tesla Model X | $2,728 | $227 |
| Porsche Taycan | $2,890 | $241 |
| Tesla Model S | $3,146 | $262 |
| Audi R8 | $3,501 | $292 |
Cheap Auto Insurance for 50-Year-Old Drivers: Bottom Line
This page covers the average cost of car insurance for 50-year-olds, the most affordable providers and tips for saving. With an average annual full coverage premium of $1,768, 50-year-old drivers enjoy some of the nation’s lowest rates.
GEICO offers the cheapest full coverage at $1,487 annually, while State Farm is the most affordable for minimum coverage at $902. Although age has less impact at 50, factors like vehicle type, location, driving history and available discounts still influence premiums.
Car Insurance for 50-Year-Olds: FAQ
We explain key aspects of car insurance for 50-year-olds to help you make informed decisions confidently.
What is the cheapest car insurance for a 50-year-old?
State Farm offers the lowest rates for 50-year-olds, averaging $75 per month or $902 per year.
At what age is car insurance most expensive?
Car insurance is typically most expensive for teenagers and young drivers under 25 due to their higher risk of accidents.
Does insurance go down when you turn 50?
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.
Best Car Insurance for 50-Year-Olds: Our Review Methodology
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:
- Toyota Camry LE
- Clean driving record
- 12K miles driven annually
This profile was adjusted by location, coverage type and amount to calculate average costs across the U.S.
Coverage Levels and Deductibles Explained
- Deductible: The amount you pay before insurance covers the rest.
- Full coverage: Includes comprehensive and collision coverage for the most financial protection.
100/300/100 is shorthand for:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability
50/100/50 is shorthand for:
- $50,000 bodily injury liability per person
- $100,000 bodily injury liability per accident
- $50,000 property damage liability
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.
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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.