Cheapest Car Insurance for Seniors

The cheapest car insurance for most senior drivers averages $622 per year or $52 per month for minimum coverage from GEICO. Below, we rank the best car insurance rates for seniors by driver profiles, showing average monthly and annual premiums for each provider. To save money, consider reducing your coverage or raising your deductible.

GEICO offers the cheapest car insurance for most seniors, but the most affordable option for you depends on your vehicle type, income and savings. The table below shows the lowest rates for seniors across various driver profiles.

Along with GEICO, State Farm and Nationwide have the cheapest premiums for most drivers. Use the table below to find the best car insurance rates for seniors:

*The table above shows the cheapest minimum coverage policies for most seniors. USAA is exclusively available to veterans, active service members and their families.

Car insurance costs vary by state, so the cheapest option for seniors in your area may not match the national average. Refer to the table below to find the most affordable provider in your state.

Car insurance rates for seniors often decrease in their mid-60s but tend to rise after age 70 due to higher perceived risks. Knowing how age affects premiums can help you plan and secure the best rates.

Traffic violations, such as a DUI, speeding ticket or accident, can raise car insurance costs for seniors. Use the tables below to see how various violations affect insurance rates.

USAA provides the cheapest car insurance for seniors with speeding tickets, averaging $66 per month or $787 per year. The table below outlines the costs of car insurance for senior drivers with speeding tickets.

State Farm offers the most affordable car insurance for seniors with an accident record, averaging $84 per month or $1,004 per year. The table below lists rates from various providers for senior drivers with an at-fault accident.

For most seniors with a DUI on their record, State Farm offers the lowest car insurance rates at $45 per month or $544 per year. Below is the complete list of the cheapest insurance providers for seniors with a DUI.

State Farm offers the best car insurance for seniors, averaging $114 monthly for full coverage. The top options for senior drivers combine affordability, strong customer service and financial stability. Premiums often start rising after age 65, as insurers view seniors as somewhat higher risk than younger adults.

For the providers below, we analyzed the national averages for a full coverage policy of 100/300/100 with a $1,000 deductible for drivers aged 65. We used a weighted ranking system detailed in our methodology to determine the best car insurance providers for seniors. Below are the ratings per top provider:

Choosing the right car insurance as a senior can save you money while providing sufficient coverage. Your needs and risks may change as you age, influencing the policy you need. This guide covers key considerations, including coverage options, senior driver discounts and how lifestyle changes like reduced driving or health conditions can affect your premiums.

Middle-aged drivers generally enjoy the lowest car insurance rates, but you can still reduce your premium after turning 55. While some steps may take time, the potential savings make exploring affordable car insurance options for seniors worthwhile.

Seniors can lower their premiums with discounts like pay-per-mile programs, low-mileage savings and defensive driving course discounts. Bundling policies and maintaining a clean driving record can also significantly reduce costs. Explore these options to find the best rates as your insurance needs change.

Below, you can compare discounts from the top three insurance providers for seniors.

The average cost of car insurance for seniors 55 and older is $1,188 per year or $99 per month. Rates vary based on age, location, driving history and coverage needs. Seniors in their mid-50s often pay the lowest rates, but premiums usually increase after age 70 due to higher risk factors.

Senior car insurance options include minimum coverage, required in most states, and full coverage, which pays for your expenses and the other driver’s if you’re at fault. Full coverage also protects against theft and non-accident damage. The amount of coverage you need depends on your financial situation, but higher limits offer better asset protection.

Below is a table with average rates for senior drivers by coverage type.

Finding the best car insurance rates for seniors varies by individual. Car insurance companies evaluate factors like age, location, vehicle type, driving history and credit-based insurance score. To find the cheapest car insurance, get personalized quotes from multiple companies.

Older adults often have specific auto insurance needs. Below are answers to common questions to help you find the best coverage and rates for your situation.

We evaluated the best car insurance providers for seniors using a weighted scoring system based on independent data sources:

• 30% Customer satisfaction: Data collected from the National Association of Insurance Commissioners (NAIC) customer complaint index and J.D. Power customer satisfaction scoring determined customer service satisfaction.
• 30% Affordability: Data collected from Quadrant Information Services. Affordability scoring analyzes how rate costs compare between providers.
• 20% Claims: Data collected from the J.D. Power Claims Study and the CRASH Report Card determined customer satisfaction when making a claim.
• 10% Coverage: We hand-collected coverage offerings and data from car insurance providers to determine if the insurer offered essential coverages most drivers need.
• 5% Financial stability: AM Best provides financial stability ratings that assist in determining the insurers' record of meeting financial obligations with claims.

Study Overview

We collected data from state insurance departments and Quadrant Information Services to determine car insurance rates and comparisons for seniors. We analyzed 706,104 quotes from 67 companies across 897 ZIP codes to determine national and state averages.

Sample Driver Profile

We used a sample driver profile to collect rate cost data and modified it to collect data on personalized factors such as age, geographic location or driving history. The sample driver profiles are as follows:

• 2010 Toyota Camry LE
• 12K miles driven annually
• Male drivers
• Drivers ages 60, 65, 70, 75, 80, 85 and 90
• Drivers with a clean driving record, with a ticket, accident or DUI

Policies, Coverages and Deductibles Explained

Using our sample driver profiles, we collected rate costs for full coverage and minimum coverage. We also collected data on coverage amounts. 

100/300/100 stands for:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage liability

300/500/300 stands for:

• $300,000 in bodily injury liability per person
• $500,000 in bodily injury liability per accident
• $300,000 in property damage liability

State laws determine car insurance coverage requirements. We gathered state-specific rate data based on these minimum requirements to calculate state and national averages. The deductible in an accident or incident is the amount you pay before insurance applies. We applied the following deductibles to all coverages and policies listed above:

• No deductible (for minimum coverage)
• $500 deductible
• $1,000 deductible
• $1,500 deductible

Learn more about MoneyGeek's car insurance methodology.