The best car insurance for 50-year-olds in 2022

As you get older, it’s important to assess your car insurance needs. If you recently turned 50 or are about to turn 50, now is an excellent time to review your current policy.

For example, if your kids are off to college, it might be time to remove them from your coverage. If you’re an empty nester who is getting ready to move, you should start shopping for policies in your new state. In addition, 50-year-old drivers may be newly eligible for certain car insurance discounts, like a defensive driver discount or discounts associated with AARP.

If you’re in the market for good car insurance for 50-year-olds, here’s what you need to know.

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Written by Elizabeth Rivelli

Reviewed by Alyssa DiCrasto

Last updated: January 25, 2023

How much is car insurance for 50-year-olds?

By age 50, most drivers will be paying consistent car insurance rates, meaning your premium shouldn’t dramatically increase or decrease, assuming you are a safe driver with good credit. The national average car insurance cost for individuals in their 50s is between $1,100-1,200.

To give you an idea of what you might pay for car insurance as a 50-year-old, these are the average rates in each state for a single 57-year-old male driving a 2022 RAV4.

State	Annual Premium
Alabama	1,227
Alaska	1,164
Arizona	1,231
Arkansas	1,137
California	1,501
Colorado	1,162
Connecticut	1,475
Delaware	1,233
Florida	1,885
Georgia	1,295
Hawaii	1,063
Idaho	667
Illinois	1,117
Indiana	872
Iowa	776
Kansas	1,065
Kentucky	1,234
Louisiana	2,421
Maine	733
Maryland	1,222
Massachusetts	1,158
Michigan	1,315
Minnesota	1,283
Mississippi	1,023
Missouri	1,217
Montana	831
Nebraska	1,094
Nevada	1,808
New Hampshire	861
New Jersey	1,554
New Mexico	1,208
New York	977
North Carolina	942
North Dakota	854
Ohio	718
Oklahoma	1,382
Oregon	1,032
Pennsylvania	1,338
Rhode Island	1,572
South Carolina	1,016
South Dakota	1,045
Tennessee	1,111
Texas	1,202
Utah	1,141
Vermont	638
Virginia	866
Washington	1,014
Washington DC	1,110
West Virginia	1,037
Wisconsin	838
Wyoming	746

Remember, the price of car insurance for 50-year-olds is based on your personal situation, so you could pay more or less than average. When you apply for a car insurance quote, some of the factors that will contribute to your rate include:

Location
Credit score (in some states)
Gender
Driving record
Insurance claims history
Vehicle age
Vehicle make and model

What is the best car insurance company for 50-year-olds?

Like the rates you’ll pay, the best car insurance company for you will depend on a variety of factors, so it’s best to compare rates from a few different variety of companies. If you’re looking for a place to start this search, Nationwide, State Farm, Progressice, Geico, and Auto-Owners Insurance are popular companies that cover a large portion of the US and provide lower rates for 50-year-olds.

The below rates show what a single 57-year-old male driving a 2022 RAV4 would pay on average at some of the most popular insurance companies in the US.

Company	Average Annual Premium
Nationwide	1,195
State Farm	1,261
Progressive	1,286
Geico	1,296
Auto-Owners Insurance	1,334
Travelers	1,416
Allstate	1,974
Farmers	2,305
Safeco Insurance	2,503

It’s a good idea to compare rates from local companies as well as national ones to see who will give you the best rates.

What are the types of car insurance for 50-year-old drivers?

Car insurance is a legal requirement in almost every state for all vehicle owners, regardless of their age. In most states with mandatory car insurance, 50-year-old drivers must carry personal liability insurance, which includes bodily injury and property damage coverage:

Bodily injury liability: This coverage takes effect when you cause an accident, and the other driver gets injured. It pays for their medical bills up to the policy limit. Bodily injury liability insurance has a per-person limit and a per-accident limit.
Property damage liability: This coverage applies when you hit another driver and their vehicle gets damaged, or you damage someone else’s property. It compensates the other driver based on your property damage policy limit. Property damage liability insurance only has a per-accident limit.

In addition to liability insurance, there are a variety of optional car insurance policies that can be beneficial, as well. Here are some types of optional car insurance that 50-year-old drivers might want to consider:

Collision insurance: Collision insurance covers the cost of your vehicle’s repairs after an accident you cause. Collision insurance is usually purchased with a full coverage policy, and it provides coverage based on the actual cash value (ACV) of your vehicle.
Comprehensive insurance: Comprehensive insurance is sometimes called “other than collision” insurance. It pays for your vehicle’s repairs after a non-collision event, such as theft, vandalism, fire, flood damage and weather-related damage. Like collision insurance, it also provides coverage based on the ACV of your car.
Gap insurance: If your car is leased or financed, having gap insurance can be beneficial. If your car is totaled, gap insurance pays the difference between your car’s diminished value and the remaining loan balance.
Roadside assistance: Roadside assistance pays for basic roadside repairs, like flat tire changes, fuel delivery, a new car battery and towing up to a certain mileage.
Accident forgiveness: Accident forgiveness waives your first minor accident, so it doesn’t affect your car insurance premium. However, some insurers will only sell you accident forgiveness after you have been claim-free for a certain number of years.

Car insurance for 50-year-olds

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Why shop for car insurance once you turn 50?

When you turn 50, it’s a good idea to shop around for car insurance, especially if your needs have changed. For example, you may be able to find a cheaper rate from a different carrier if you recently had a claim, moved states, or added or removed drivers from your policy (like kids or a spouse).

If you have a perfectly clean claim history or an excellent credit score, for example, you might find that a different insurance company will reward you with a much lower rate than you’re currently paying. Plus, some car insurance companies will give you a discount simply for switching from a competitor.

Before you purchase a new car insurance policy, consider your needs and take some time to compare providers. To simplify the process, you can fill out our short survey to find the best insurance carrier for 50-year-olds. We’ll match you with a few reputable providers in your area, then, you can get quotes to see which carrier is the cheapest for your situation.

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Methodology

The rates on this page are estimated based on the rating plans insurance carriers have submitted to each state’s department of insurance. An insurance carrier’s rating plan details how the company uses certain characteristics to assign different rates to different people. We use the same data sources to power our comparison tools.

For the data on this page, we made the following assumptions: a single male with a clean driving record and Good credit score, driving a 2022 RAV4. We adjusted this profile by age to determine the rates you see on this page.

These rates should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile.

About Rate Retriever

At Rate Retriever, our mission is to make the way you shop for insurance transparent and fair through user-friendly tools that respect your privacy and deliver reliable, comprehensive results.

So we took everything we hated about comparing insurance quotes online – the spam, the long questionnaires, the limited choices, the inaccuracy of quote prices – and threw it out the window, favoring a short form that more accurately estimates what you’ll pay at each of the top insurance providers near you.

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