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The best car insurance for 50-year-olds in 2024

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.


Why you can trust Rate Retriever

Our rates are based on public rate filings obtained by analytics company First Interpreter. While we may partner with some of the carriers you see on our site, we maintain editorial independence and it does not affect the rates you see. Read more about our rating methodology or see our rigorous editorial policy. 

Written by Alyssa DiCrasto

Reviewed by Rob Deming

Last updated: February 26th, 2024

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 $1,000-3,000, depending on where you live. 

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

Annual rates for a male driving a 2023 RAV4, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

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 would pay on average at some of the most popular insurance companies in the US. 

Company Average Annual Premium
Progressive 1,282
USAA 1,294
Nationwide 1,354
Auto-Owners Insurance 1,459
Geico 1,509
Travelers 1,560
State Farm 1,773
Farmers 2,073
Allstate 2,096

Annual rates for a male driving a 2023 RAV4, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

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

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. 

Compare how much insurance costs at the top insurance companies near you

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Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive.  

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 2023 RAV4. We adjusted this profile by age to determine the rates you see on this page. 

These rates are not actual quotes and should be used only 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. 

Rate Retriever is an independent company that is not owned by an insurance provider, nor do we provide insurance ourselves. This independence allows us to be your free and impartial insurance research tool, helping you make the best decisions for your insurance needs.  

We may earn a commission when you click one of the links or call one of the providers listed on our site; however, we do not allow our partnerships to influence which information we provide.