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The best car insurance for 60-year-olds

The national average annual premium for a 65-year-old, which is around $1,600, and Nationwide, State Farm and Geico are the national providers that give this age group the cheapest rates on average.

To make sure your car insurance meets your current needs, it’s a good idea to shop around for new car insurance policies around your 60th birthday.

In this guide, we’ll explain how you can find good car insurance for 60-year-olds, what policies you should consider, and how to save money on your premium.  

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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 60-year-olds?

In your 60s, you will enjoy some of the lowest car insurance rates you’ll ever pay, assuming you have a clean driving record and decent credit score. 

To give you an idea of what you might pay for auto insurance, we can look at the national average annual premium for a 65-year-old, which is around $1,600.

These are the average rates by state for a single 65-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.
 

But remember that you could pay more or less than average based on your personal driver profile and situation. When you apply for a car insurance quote, some of the criteria that are used to calculate your premium include: 

  • Location 
  • Credit score (in some states) 
  • Driving record 
  • Insurance claim history 
  • Policy types 
  • Policy limits 
  • Deductibles 

What is the best car insurance company for 60-year-olds?

Like your rates, the best company for you will depend on several factors including your driver profile, available coverage, and available discounts. It’s a good idea to compare a few different insurance companies to see which one is right for you. 

To get you started on your search, some national companies that provide cheap rates for individuals in their 60s include: Nationwide, State Farm, Geico, Auto-Owners Insurance, and Progressive. 

Company Average Annual Premium
USAA 1,311
Progressive 1,337
Nationwide 1,384
Auto-Owners Insurance 1,469
Geico 1,516
Travelers 1,639
State Farm 1,687
Farmers 2,110
Allstate 2,149
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.
 

The above rates only consider companies that offer coverage in a large portion of the US. It’s a good idea to also compare local companies who may be able to give you even better rates or discounts. 

Cheap car insurance for 60-year-olds

What are the types of car insurance for 60-year-olds drivers?

Car insurance is legally required in every state except Virginia and New Hampshire. In these states, drivers have the option to provide alternative proof of financial responsibility. In most states, however, 60-year-old drivers are required to carry personal liability insurance. This policy has two parts: 

  • Bodily injury liability: When you cause an accident, your bodily injury liability insurance pays for the other driver’s medical bills if they get injured. 
  • Property damage liability: If you cause an accident and the other driver’s vehicle is damaged, your property damage liability insurance pays for the repairs. 

In states that require personal liability insurance, all drivers must carry a minimum amount of bodily injury and property damage liability coverage. However, insurance experts recommend that most drivers purchase more coverage than required, as a minimum coverage policy might not provide enough coverage in the event of an at-fault or no-fault accident. 

In addition, many 60-year-old drivers can benefit from optional coverages, which provide more financial protection. Here are some of the most common types of car insurance that you can add to your policy: 

  • Collision insurance: Collision insurance pays for your vehicle’s repairs after an accident you cause. 
  • Comprehensive insurance: Comprehensive insurance pays for your vehicle’s repairs after a non-collision incident, such as vandalism, weather damage, theft, or damage from falling objects. 
  • Gap insurance: If you lease or finance your vehicle and it gets totaled, gap insurance pays the difference between the car’s diminished value and what you owe. 
  • Accident forgiveness: Accident forgiveness waives your first at-fault accident, so it doesn’t impact your car insurance premium. 
  • New car replacement insurance: New car replacement coverage provides a higher payout if you total your vehicle, so you can buy a new one of a similar make and model.  
  • Roadside assistance: Roadside assistance pays for basic roadside car repairs, like flat tire changes, fuel delivery, a new battery, and towing up to a certain mileage.

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Car insurance discounts for 60-year-old drivers

There are a variety of ways that drivers in their 60s can save money on their car insurance policy. Here are some common ways 60-year-olds get more affordable car insurance: 

  • Take advantage of discounts: Many car insurance companies offer discounts. While the exact discounts are unique to each company, you can often find savings for being claim-free, insuring multiple vehicles, bundling your policies, and having safety features in your car, like antilock brakes and an antitheft device. 
  • Raise your deductibles: For policies that have a deductible, increasing the deductible will help lower your monthly premium. For example, if you currently have a $500 deductible for collision and comprehensive insurance, increasing the deductible to $1,000 will result in a lower rate. However, be sure that you will still be able to pay your deductible out-of-pocket in case you need to make a claim.  
  • Pay your premium in full: Many insurance providers will give you a small discount on your premium if you pay annually, upfront, and in full, rather than in monthly installments.  
  • Take a defense driver course: Drivers can often get a discount for completing an approved defensive driver course. However, some insurance companies only offer this discount to drivers over a certain age. 

Why shop for car insurance once you turn 60?

Drivers between the ages of 50 and 60 often experience life changes that can impact their car insurance needs. For example, you might be adding teen drivers to your policy or removing them once they go away to college. Maybe you’re moving to a new state or are thinking about retirement in the coming years. 

When you turn 60, it’s a good time to shop around for new car insurance policies. Around age 60, your car insurance rates can start to increase. This is because older drivers are more likely to get into accidents and are riskier from an insurance company’s perspective. Your rate may not increase exactly at age 60 but be aware that your premium could increase sometime in the future. 

To avoid a big rate hike, 60-year-old drivers should think about getting new car insurance quotes from a variety of companies. You might find that another insurance company can offer you a much lower rate than you’re paying now. In addition, you might find that a different insurance provider is a better fit for your current needs. 

For example, if you’re getting ready to retire, consider looking for insurance companies that provide discounts to retirees, or drivers who use their cars infrequently. If you’re thinking about moving to a new state, get car insurance quotes to see what you can expect to pay in your new location. If you belong to age-based membership groups, like AARP, see if you can take advantage of any insurance discounts. 

As you start thinking about your car insurance needs, you can take our short survey to find the best insurance carrier for 60-year-olds. Answer a few questions and we’ll match you with highly-rated insurers in your area. Then, you can get quotes and purchase a policy that meets your specific needs. 

Car insurance FAQs for 60-year-olds

Will my car insurance rates go down as I get older?

Generally, car insurance rates can go down as you get older. This is because older drivers tend to have more experience on the road and are considered to be less risky to insure. As you age, you may also qualify for additional discounts or benefits from insurance companies. However, other factors such as your driving record, the type of car you drive, and where you live can also impact your rates. It’s important to regularly review your policy and shop around for the best rates to ensure you’re getting the best deal as you age.

Are there any benefits to bundling car insurance with other types of insurance?

Yes, there are benefits to bundling car insurance with other types of insurance. Bundling can often save you money by qualifying for a discount on your overall insurance premiums. It can also make managing your insurance policies easier, as you only have to deal with one insurance company for multiple policies.

How often should I review and update my car insurance policy?

It’s a good idea to review and update your car insurance policy at least once a year. But you should also make changes if you get a new car, move to a new place, need to add your child to your policy, or have any other major life changes. Checking your policy regularly can help make sure you have enough coverage and aren’t paying for things you don’t need. It’s always best to talk to your insurance provider for specific advice on updating your policy to fit your needs.

How do life changes such as marriage or homeownership affect my car insurance rates?

Life changes such as marriage or homeownership can often lower your car insurance rates. Insurance companies see married couples and homeowners as more responsible and less risky to insure, so they may offer you lower rates. You may also qualify for multi-vehicle and homeowners discounts and you could find further savings by bundling your home and auto policies. Be sure to notify your insurance company of any life changes so they can adjust your rates accordingly.

Are there any car insurance discounts or benefits available for long-term customers?

Yes, many car insurance companies offer discounts to customers who have been with them for a long time. These discounts can include lower rates, loyalty rewards, and special perks like accident forgiveness or roadside assistance. It’s a good idea to check with your insurance provider to see what discounts or benefits are available to you as a long-term customer. However, it’s still important to compare quotes from multiple insurance companies to be sure you’re still getting the best deal with your current provider.

How much does car insurance typically cost for a 60-year-old?

Car insurance for a 60-year-old person can vary depending on factors like driving history, type of car, and where they live. On average, a 60-year-old driver might pay around $1,600 per year for car insurance. Some people could pay more or less than this amount based on their individual circumstances. It’s important to shop around and compare prices from different insurance companies to find the best rate.

Many 60-year-olds have more assets to protect than they did when they were younger, so many insurance agents would recommend a full coverage policy, which includes enough coverage to satisfy your state’s minimum legal requirements as well as comprehensive and collision insurance to protect your own property. 60-year-olds who are homeowners or own multiple vehicles may benefit from bundling their insurance policies. Ultimately, the right coverage for you depends on your unique needs. It’s a good idea to talk to an insurance agent to determine the types and amount of coverage you need to be adequately protected.

Are there any specific discounts available for 60-year-old drivers?

Some car insurance companies offer discounts for drivers who are 60 years old or older. These discounts may be based on factors such as driving experience, safety record, and customer loyalty. It is recommended to check with your insurance provider to inquire about any specific discounts available for older drivers. Additionally, completing a defensive driving course may also help to lower insurance rates for drivers in this age group.

How often should I review and update my car insurance policy at 60?

It’s a good idea to review and update your car insurance policy at least once a year, especially when you turn 60. As you get older, your driving habits and insurance needs may change, so it’s important to make sure you have the right coverage in place. You may also qualify for discounts or special rates based on your age and driving experience. By reviewing your policy regularly, you can ensure you have the right coverage to protect yourself and your vehicle on the road.

Can I reduce my car insurance premiums by taking a defensive driving course at 60?

Yes, taking a defensive driving course at the age of 60 could potentially help reduce your car insurance premiums. Insurance companies often offer discounts to drivers who complete these courses as they tend to be safer on the road. However, it is important to check with your insurance provider to see if they offer this discount and if there are any specific requirements or eligibility criteria that need to be met in order to receive the discount.

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Methodology

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.