CarInsurance.com Insights
- The average cost of car insurance for a 65-year-old driver in Florida is $3,449 per year for a full coverage policy, which includes liability, collision and comprehensive protection.
- According to CarInsurance.com’s research, a 70-year-old driver in Florida pays 4% more for full coverage than a 65-year-old driver.
- Finding the cheapest car insurance for seniors over 70 becomes more important as rates increase significantly. For instance, a 75-year-old driver in Florida pays 15% more for a full coverage policy than a 65-year-old driver.
- Reviewing and comparing car insurance quotes every six months or at renewal can help you find the most affordable rates.
Finding affordable car insurance as a Florida senior is possible, and where you shop makes a significant difference.
Rates vary widely between insurers, and the right combination of company, coverage level and discounts can keep your premium well below the state average of $3,670 per year.
This guide breaks down the cheapest companies for seniors aged 65, 70 and 75, what to expect after a ticket, DUI or accident, and which discounts can lower your premiums.
Cheapest car insurance companies for seniors in Florida
Below are the cheapest car insurance companies and their average rates for full coverage car insurance in Florida for seniors by age:
- Cheapest for seniors at age 65: Travelers, $182 per month.
- Cheapest for seniors at age 70: Travelers, $195 per month.
- Cheapest for seniors at age 75: Travelers, $214 per month.
Compare car insurance quotes by company and coverage level
See below the cheapest Florida rates the major car insurance companies offer for three different coverage levels: The state minimum, liability-only coverage with limits of 50/100/50 and full coverage car insurance with liability limits of 100/300/100.
Select your age and type of coverage below to see the average annual and monthly rates.
- Full coverage: 100/300/100 liability with $500 comprehensive/collision deductible
- Liability only: 50/100/50 liability only
- State minimum: State minimum coverage
State minimum car insurance refers to the least amount of coverage that a driver is legally required to have in a particular state. This typically includes liability insurance, which covers bodily injury and property damage to others if you are at fault in an accident. Each state sets its own minimum requirements for coverage limits.
Liability car insurance with limits of 50/100/50 means:
- $50,000 per person for bodily injury
- $100,000 per accident for bodily injury per accident
- $50,000 per accident for property damage
A liability policy covers expenses for injuries and damages you cause to others in an accident, but not your own injuries or vehicle damage.
Full coverage insurance with limits of 100/300/100 includes higher liability limits:
- $100,000 per person for bodily injury
- $300,000 per accident for bodily injury to multiple people
- $100,000 per accident for property damage
It also typically includes:
- Collision coverage: Pays for damages to your car from a collision.
- Comprehensive coverage: Covers damages to your car from non-collision events (e.g., theft, fire, vandalism).
Full coverage ensures you are covered for a wide range of incidents, both for your liability to others and for your own vehicle’s damage.
Why do car insurance rates go up for senior drivers in Florida?
Car insurance rates typically start rising for Florida drivers around age 65. By 70, the average full coverage rate climbs 4% to $3,591 a year and by 75, it rises another 11% to $3,970 a year, a 15% increase from age 65.
Although older drivers typically have many years of experience on the road, they often face age-related challenges such as hearing or vision loss, slower reflexes, medication side effects and other health issues that can complicate driving.
According to the CDC, drivers aged over 70 have higher crash death rates per 1,000 crashes compared to those aged 35-54. NHTSA data also shows that in 2020, senior drivers 65 and older were involved in 13% of fatal accidents, marking a 26% increase since 2011.
“Unfortunately, as we move past middle age, the odds of being more severely injured or dying in a car crash increase significantly,” says Carole Walker, executive director at Rocky Mountain Insurance Association.
“Statistically, older drivers have a higher risk of causing a crash, but an even bigger factor adding to higher car insurance bills are common health problems that make them more prone to being hurt and incurring medical bills – even in low-speed or less serious crashes,” she says.
The table below shows the annual average rate increase for senior drivers by age in Florida for different coverage levels.
| Age | State minimum | Liability only | Full coverage |
|---|---|---|---|
| 65 | $1,092 | $1,483 | $3,449 |
| 70 | $1,139 | $1,560 | $3,591 |
| 75 | $1,270 | $1,791 | $3,970 |
Sophie’s smart stats
A 75-year-old Florida driver pays an average of $3,970 a year for full coverage —57% above the national average of $2,531. That gap widens by $521 per year between ages 65 and 75.
Speak with a friendly agent and get your quote in minutes!
Cheapest car insurance for seniors in Florida with a ticket
A speeding ticket raises Florida senior rates by an average of 42%. State Farm is the cheapest option, with insurance costing $2,736 annually or $228 a month, which is $552 less than UAIC’s rate at $3,288 per year. The insurer you’re with matters more after a violation, so comparing quotes becomes especially important.
A speeding ticket or other moving violation will raise your insurance rates regardless of your age. Insurers love statistics, and data show that a driver with a ticket on their record is more likely to get in an accident that may result in a claim.
The table below shows average car insurance rates after a speeding ticket by company.
| Company | Annual rates with one speeding ticket | Monthly rates with one speeding ticket |
|---|---|---|
| State Farm | $2,736 | $228 |
| UAIC | $3,288 | $274 |
| Travelers | $3,398 | $283 |
| Mercury Insurance | $4,480 | $373 |
| Progressive | $6,353 | $529 |
| AIG | $8,373 | $698 |
Sophie’s Smart Stats
After a speeding ticket, Travelers charges Florida seniors $3,398 a year, while Mercury Insurance charges $4,480. Choosing the right carrier after a ticket can save more than $1,082 annually.
Cheapest car insurance for seniors in Florida with a DUI
After a first DUI, State Farm offers Florida seniors the lowest rate at $2,736 per year, or $228 per month. Rates across insurers vary dramatically after a DUI; Travelers charges $3,577 a year for the same coverage, $841 more than State Farm’s rate.
Shopping around after a DUI isn’t optional; it’s the best way to find affordable rates.
Below you’ll find a list of companies that offer affordable premiums for Florida seniors after a DUI conviction.
| Company | Annual rates with a DUI first offence | Monthly rates with a DUI first offense |
|---|---|---|
| State Farm | $2,736 | $228 |
| Travelers | $3,577 | $298 |
| UAIC | $4,413 | $368 |
| GEICO | $4,861 | $405 |
| Mercury Insurance | $4,922 | $410 |
| Progressive | $5,335 | $445 |
| Allstate | $6,391 | $533 |
| AIG | $7,685 | $640 |
Cheapest car insurance for Florida seniors after an accident
An at-fault accident increases rates for Florida seniors by an average of 58%. State Farm has the most affordable option at $2,958 per year, around 10% less than Travelers’ $3,274 annual rate for the same driver profile. Since an at-fault accident typically stays on your record for three to five years, choosing the right insurer matters.
The table below shows the cheapest car insurance companies in Florida for senior drivers with an at-fault accident on their records.
| Company | Annual rates with 1 at-fault accident | Monthly rates with 1 at-fault accident |
|---|---|---|
| State Farm | $2,958 | $247 |
| Travelers | $3,274 | $273 |
| UAIC | $3,308 | $276 |
| GEICO | $3,868 | $322 |
| Mercury Insurance | $5,603 | $467 |
| Progressive | $7,213 | $601 |
| AIG | $8,742 | $729 |
| Allstate | $8,756 | $730 |
Sophie’s Quick Tip
An at-fault accident typically stays on your record for three to five years, but that doesn’t mean you’re stuck with the same insurer. Comparing quotes at each annual renewal is especially important to find affordable premiums.
How can seniors save on car insurance in Florida?
The three most reliable ways to lower your rate as a Florida senior are: Comparing quotes every six months, raising your deductible from $500 to $1,000 and completing an approved defensive driving course. Together, these steps can help you save on your car insurance premiums.
Here are some simple ways to lower your premiums:
- Shop around: Regularly comparing car insurance rates – every six months or annually when it’s time to renew – can help you secure the best rates.
- Raise your deductible: Raising it from $500 to $1,000 can save you money each month, but make sure you have the funds available to cover the higher deductible if needed.
- Ask about discounts: Bundling with homeowners insurance, loyalty discounts and discounts for years of being licensed are great ways to save on car insurance. More on auto insurance discounts for senior citizens below.
Editor’s Tip:Take a senior driving course: With an approved defensive driving course, seniors can save up to 3% on their car insurance in Florida. The American Automobile Association(AAA) and AARP offer defensive driving courses for senior drivers in Florida.
What car insurance discounts are available for seniors in Florida?
Florida seniors have access to car insurance discounts across more than a dozen categories. The most significant savings come from years insured (23%) and profession discounts (13%), followed by years licensed (13%) and Advanced policy purchase (9%).
The table below shows the full list with estimated annual savings for each.
| Discount type | Potential annual savings |
|---|---|
| Air bags | 5% |
| Anti-theft device | 1% |
| Comprehensive and collision deductibles | 4% |
| Daily commute | less than 1% |
| Days advanced purchase | 9% |
| Days per week driven | less than 1% |
| Defensive driver | 3% |
| Education | 6% |
| Electronic funds transfer | 3% |
| Electronic signature | 7% |
| Homeowner | 7% |
| Lower annual mileage | 6% |
| Loyalty | 4% |
| Marital status | 3% |
| Multi policy | 7% |
| Paperless/electronic documents | 3% |
| Payment type | 8% |
| Primary use | 4% |
| Profession | 13% |
| Purchase status | less than 1% |
| Safety devices | 2% |
| Telematics | 7% |
| Vehicle ownership | less than 1% |
| Years insured | 23% |
| Years licensed | 13% |
Now that you know which discounts you qualify for, the next step is comparing what each insurer actually charges with those discounts applied. Use CarInsurance.com’s calculator to see your options side by side.
Sophie’s Quick Tip
One of the biggest discounts on this list, years insured can save you 23%, but insurers don’t always apply them automatically. Call your insurer before your next renewal and ask specifically if you qualify. It takes five minutes and could save you hundreds.
How to choose the best car insurance for Florida seniors
To find the best car insurance as a Florida senior, start by deciding on the right coverage level for your situation, then compare quotes from at least three insurers. Prioritize cost, available discounts and customer service ratings.
Senior drivers pay higher premiums than young adult drivers (excluding teens, of course). However, Travelers and GEICO consistently rank as the most affordable options for seniors across all three coverage levels in Florida.
Search for the best auto insurance companies with affordable rates and user-friendly websites or apps.
Frequently Asked Questions: Cheap car insurance for seniors in Florida
Who has the cheapest state minimum auto insurance for seniors in Florida?
Based on our data, GEICO offers the lowest state minimum auto insurance rates for a 65-year-old senior in Florida, at $605 per year. Travelers and Mercury Insurance also provide affordable rates on state minimum coverage for seniors in Florida.
Which companies offer the cheapest liability car insurance for seniors in Florida?
According to CarInsurance.com’s data analysis, Travelers offers the cheapest liability car insurance for 65-year-olds in Florida at $891 per year. Mercury Insurance and GEICO also offer inexpensive rates.
Does State Farm offer a senior discount in Florida
State Farm doesn’t offer a specific senior discount in Florida, but it does offer several discounts that seniors can use to reduce their insurance rates. These include discounts for completing a defensive driving course, safe driving, being a long-term customer, bundling policies and advanced vehicle safety features.
Final thoughts
When it comes to getting the cheapest car insurance policy, make sure to comparison shop annually.
As your life circumstances change — getting married, adding a teen driver or after an accident — it’s crucial to get quotes from several companies so you are getting the cheapest possible rates.
Ready to take the next step? Compare estimated rates from different insurers using our rates by ZIP code calculator. Your information stays private until you decide you’re ready to connect.
Additional resources
There are several resources available for older drivers who want to stay safe behind the wheel and save on their insurance premiums:
- American Automobile Association: AAA helps senior drivers to continue driving for as long and safely as possible.
- AARP (American Association of Retired Persons): AARP’s smart driver program helps senior drivers to learn proven driving techniques and save money on car insurance.
- National Institute on Aging: The NIA provides tips to senior drivers about health and driving and offers free publications to aging seniors to answer health-related queries.
- Fitness-to-Drive Screening Measure Online: This web-based tool helps family members identify at-risk drivers.
- Eldercare Locator: Helps senior drivers maintain their independence, and provides information about highway safety for aging drivers and services.
Resources & Methodology
Methodology
CarInsurance.com editors analyzed rates collected from Quadrant Information Services for senior drivers aged 65, 70 and 75 carrying a full coverage insurance policy with limits 100/300/100 and $500 comprehensive and collision deductibles. Read the detailed methodology for more information.
Still have a question? Ask our experts
Get advice from an experienced insurance professional. Our experts will help you navigate your insurance questions with clarity and confidence.
Browse all FAQs
