Around the age of 60, many adults will go through some significant lifestyle changes. If fortunate, they may retire early, they may no longer have kids – or at least fewer kids at home – and they simply might be driving less.

All those factors can help lower your car insurance rates, but you must inform your insurance company.

“As the kids get older, maybe move away to college or strike out on their own, it can all affect how much you drive,” says Jana Foster, owner of Nevada Insurance Agency Co., a full-service brokerage with offices in Carson City and Reno. 

“A lot of people might start working part-time or from home. People often don’t think about telling their carriers about their work and lifestyle changes, but they can be big factors in helping to lower your rates.”

With a good driving record, drivers at this age will enjoy some of the lowest rates.

The average national car insurance rate for a 60-year-old driver is about $1,436 per year or $120 per month, for a full coverage policy. That’s about $54 less than a driver would pay at age 50. Not a considerable reduction, but a reduction nonetheless.

Read on to learn more about car insurance for 60-year-olds and ways to save on car insurance.

Key Highlights
  • For a full coverage policy, a 60-year-old driver pays an average of $1,436 per year or $120 monthly for car insurance.
  • Male and female drivers will pay virtually the same rates at this age. 
  • Males pay an average of $1,444 for a full coverage policy, while females pay $1,427 – on a monthly bill; that’s a dollar difference.

What’s the average cost of car insurance for a 60-year-old?

Tip iconAverage car insurance rates for 60-year-olds

The average car insurance rate for a 60-year-old at three coverage levels is as follows per year:

  • State minimum liability coverage: $449
  • Liability coverage with limits of 50/100/50: $567
  • 100/300/100 liability with a $500 comprehensive and collision deductible: $1,436

What you pay will vary depending on many factors, ranging from the insurance company you choose, to where you live, coverage levels and the deductible you select.

See the table below to see how much car insurance costs for males vs. females at various coverage levels in each state.

Average car insurance cost by coverage levels in each state for a 60-year-old male and female
State State Minimum Female State  Minimum Male Liability Only Female Liability Only Male Full Coverage Female Full Coverage Male
Washington D.C.$553$551$637$635$1,696$1,724
North Carolina$374$374$412$412$1,244$1,244
North Dakota$316$308$330$322$1,111$1,133
New Hampshire$376$371$415$410$1,164$1,164
New Jersey$1,002$977$1,138$1,116$1,802$1,830
New Mexico$356$358$535$533$1,370$1,393
New York$880$850$963$933$1,912$1,911
Rhode Island$585$583$734$729$1,640$1,655
South Carolina$618$595$801$764$1,788$1,759
South Dakota$249$252$271$274$1,329$1,379
West Virginia$412$410$467$464$1,387$1,391


  • State Minimum: State Minimum Liability Only 
  • Liability Only: 50/100/50 Liability Only
  • Full Coverage: 100/300/100 is liability with comp/collision and $500 deductible.

Check out our detailed guide on the average car insurance rates by age

How much is car insurance for a 60-year-old each month?

The table below shows how much car insurance costs for a 60-year-old per month, on average.

Monthly cost of car insurance for 60-year-olds
Coverage levelNational average cost per month
Liability-only coverage$37
50/100/50 coverage$47
Full 100/300/100 coverage$120

How much is car insurance for a 60-year-old male?

At age 60, men pay an average of $1,444 for a full coverage policy, while women pay $1,427. Unlike in their teens and early 20s when males are assessed at substantially higher rates than females, at age 60, the rates are almost identical.

Compare that to a 20-year-old male driver who pays almost $470 more per year than a female for a full coverage policy.

Average annual insurance rates for 60-year-old males
Coverage levelAverage annual rate for a 60-year-old male
Liability-only coverage$448
50/100/50 coverage$564
Full 100/300/100 coverage$1,444

How much is car insurance for a 60-year-old female?

With a good driving record and credit score, 60-year-old female drivers will also get some of the best rates of their driving years. Females pay slightly higher rates than males for liability-only insurance at age 60, but males pay more for full coverage.

The average national cost of a full coverage insurance policy for a 60-year-old female with a $500 comprehensive/collision deductible is $1,427, a savings of about $60 from how much they pay at age 50.

Average annual insurance rates for 60-year-old females
Coverage levelAverage annual rate for a 60-year-old female
Liability-only coverage$450
50/100/50 coverage$570
Full 100/300/100 coverage$1,427

What’s the best car insurance for 60-year-old drivers?

Start with liability car insurance, which pays for others’ injuries and damage you cause to their property in an accident. Typically, the state-minimum coverage isn’t enough – particularly as you accumulate assets, such as a house. Medical costs can quickly escalate if significant injuries follow an accident and property damages.

If you’re financing a vehicle, lienholders typically require comprehensive and collision coverage. If you paid off your car, you could continue with these coverages, which provide insurance for your car following a crash and for damage due to fire, hail, vandalism and animal strikes.

As adults reach their 60s, they might become accustomed to purchasing new cars more frequently. Some might even decide they’d like a more luxurious ride. In that case, they’ll want comprehensive insurance and collision coverage. If you have a higher deductible, you can lower your rate but will have to pay the deductible following an accident before insurance will pay out.

Kevin Lynch, an assistant professor of insurance at The American College of Financial Services in Bryn Mawr, Penn., notes this is an age when most drivers will want more coverage, not less. You have more assets to protect.

“I always recommend people look at getting more coverage as they get older,” Lynch says. “If you’re a mature driver with a good record, the cost difference between a good policy and a great policy is very, very small.”

Another thing to consider is getting an umbrella policy.  Umbrella insurance is a type of personal liability insurance that provides an additional layer of coverage beyond what might be included in a standard auto, homeowners or other types of insurance, such as boat or RV.

The Insurance Information Institute notes that an umbrella policy is a good option if you own a swimming pool, are renting out a property or want additional protection from life’s many unexpected surprises.

Car insurance discounts for 60-year-olds

The three most significant factors for getting the lowest insurance rates are to stay accident-free, have a clean, infraction-free driving record and maintain a good credit score.

After that, it pays to look for various discounts and affiliations that could bring further savings.

At this age, you’re very likely to have several vehicles and multiple types of insurance, such as homeowners, boat and RV coverage. Most carriers will offer discounts if you bundle your policies with the same company.

Going with the same carrier is not always cheaper, so it still pays to shop around.

If you’re working in a trade, or for a sizable company, check to see if your trade association has a discount arranged with an insurance carrier or if your company has a partnership. Many professional associations, from doctors to lawyers, accountants to dentists, may also be eligible for discounts from certain carriers.

Take advantage of discounts for establishing paperless billing and paying your premium upfront.

Nevada Insurance Agency’s Foster notes that drivers are generally much more cautious at this age. They don’t accelerate as quickly as they might have in their younger years, are prone to less hard braking, and drive less.

By installing an in-car driver monitoring device, their insurance company may offer further discounts for exhibiting good driving practices.

Final thoughts on car insurance for 60-year-olds

While drivers at this stage may want to consider increasing their liability coverage seriously, many may also consider raising their deductibles.

A higher deductible, such as $1,000 instead of $500, can decrease your monthly expenses. You will be on the hook to pay for minor repairs and the deductible, but the savings add up over the years if you don’t have any claims.

Also, shop around and compare rates with several different insurers. You can find the best car insurance quotes online using an online calculator.

Resources & Methodology


Insurance Information Institute. “Should I purchase an umbrella liability policy?.” Accessed May 2023

Methodology commissioned Quadrant Information Services in 2023 to field rates for auto insurance for 60-year-olds at various coverage levels and for males and females by gender.

Laura Longero

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Laura Longero

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Laura is an award-winning editor with experience in content and communications covering auto insurance and personal finance. She has written for several media outlets, including the USA Today Network. She most recently worked in the public sector for the Nevada Department of Transportation.

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John McCormick

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Mel Duvall is an award-winning senior business writer and communications professional. He served as Senior Media Manager for Husky Energy, a fully integrated energy company with operations in Canada, the United States, China and Indonesia. Mel also served a three-year term on the Mount Royal University Journalism Committee.