The cost of car insurance for seniors varies widely based upon a number of personalized factors: Your age, driving record, address, the make/model of your car, your credit report and the coverage limits you choose.

When it comes to rates by age, car insurance typically costs the least for drivers in their early 60s, but by the latter 60s and up, rates increase.

Does the cost of car insurance increase after age 65?

No, insurance rates do not always increase once you reach age 65. It will depend upon state laws and insurance company guidelines if auto insurance rates are raised after a driver turns a certain age. 

However, CarInsurance.com rate data show that there is a slight jump in auto insurance rates for seniors, on average, starting between ages 60 and 65 and steadily increasing from there.

Some companies offer lower rates to those between 50 and 65, since this group has lower accident rates. After age 65, rates do typically begin to rise again. Seniors who are 70 or older may have difficulty finding an insurer to accept them as new customers since the frequency of accidents for this age group is higher.

Here are the average rates by age, so you can see how costs compare for age 65, based on a 2022 rate analysis:

Annual average car insurance costs for adults ages 55-75
AgeNon-Owner State MinimumState Minimum50/100/50100/300/100
55$364$482$605$1,528
60$364$482$605$1,511
65$378$507$635$1,555
70$408$554$689$1,661
75$443$619$765$1,817

How can seniors older than 65 save on car insurance?

Some auto insurance providers give mature driver discounts for drivers of a certain age with clean records, or discounts to seniors who attend an approved driving course. Typically, a discount for defensive driving for adults age 65 is 4.31%.

Ask your insurance company about these other discounts that might apply to seniors:

  • Lower annual mileage: 6.48%
  • Homeowner: 5.75%
  • Marital Status: 8.23%
  • Loyalty: 9.04%
  • Telematics: 10.09%
  • Years licensed: 27.51%

To see what type of senior driver courses might be available, check with your insurance company and/or the state DMV for a list of approved schools.

Here’s how seniors can find cheap car insurance

– Michelle Megna contributed to this story.

Methodology

CarInsurance.com commissioned Quadrant Information Services to run auto insurance rates for a 2022 Honda Accord LX at several coverage levels for a driver with a clean driving record in all ZIP codes in each state.

Laura Longero

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Laura Longero

Executive Editor

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.

John McCormick

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John McCormick

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John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.

Leslie Kasperowicz

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Leslie Kasperowicz

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Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at CarInsurance.com.

Nupur Gambhir

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Nupur Gambhir

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Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.

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Executive Editor

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.