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Car insurance for 60-year-olds

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With age comes experience, or so they say, and driving experience is no exception. Most drivers in their 60s have been on the road for many years and may be more comfortable handling the various challenges that can come with driving. As such, 60-year-old drivers tend to pay lower prices for car insurance. The average cost of full coverage car insurance for 60-year-old drivers is $1,544 per year, according to Bankrate’s 2021 study of average annual premiums. Compared to the national average of $1,674 per year for full coverage, the premium for 60-year-olds is quite a bit lower.

Drivers between ages 60 and 69 file fewer car insurance claims, on average, than any other driver age group. As a result, their average premium remains low. After age 69, premiums tend to begin to rise again. If you’re in your 60s, Bankrate’s research could help you find the best car insurance for your needs.

Cheapest car insurance for 60-year-old drivers

Bankrate’s editorial team compiled the top five insurance companies for 60-year-old drivers, listed below. We chose providers based on diverse factors including financial strength, customer satisfaction and the latest premium data provided by Quadrant Information Services.

Based on Bankrate’s findings, years of driving experience pay off in the form of lower premiums. Some insurance carriers provide better rates to older, experienced drivers. Out of the most popular carriers by market share, the cheapest car insurance for 60-year-old drivers on average are the following:

Car insurance company Average annual premium for full coverage
USAA $1,073
Erie $1,157
Auto-Owners $1,276
Geico $1,326
State Farm $1,327


USAA’s average full coverage rate for older drivers is the lowest of all five carriers, averaging $1,073 per year. The main drawback is USAA car insurance is only available for former and current military personnel and qualifying family members. Discounts that may be available include safe driver, defensive driving training and length of USAA membership. Taking advantage of all the available discounts that you qualify for could help you reduce the cost of coverage each year.

Learn more: USAA Insurance review


Erie is an alternative for older adults who don’t qualify for USAA membership. Rates are close to USAA’s at $1,157 per year on average for full coverage. The company also offers extras you may not find elsewhere, such as roadside assistance and locksmith service (up to $75 per event). The main drawback to Erie is availability — the carrier only operates in 12 Midwestern and Northeastern states.

Learn more: Erie Insurance review


Auto-Owners’ average rate for drivers in their 60s is $1,276 per year for full coverage insurance. The carrier’s Personal Automobile Plus package can help take the guesswork out of car insurance by bundling 10 of the most popular options into a package, such as vehicle re-keying, identity theft protection and smartphone insurance. In addition, bundling car insurance with an Auto-Owners home insurance policy may reduce your premiums on both.

Learn more: Auto-Owners Insurance review


Geico has the most discounts of all the insurance carriers on this list. If you’re a good driver with an accident-free driving record with no claims in the last five years, Geico could lower your premiums by up to 22%. In addition, drivers over 50 are automatically signed up for Geico’s Prime Time contract that may guarantee car insurance renewal as long as you remain with Geico.

Learn more: Geico Insurance review

State Farm

Enrolling in State Farm’s Drive Safe and Save program by downloading the mobile app could qualify you for discounts on your premiums based on your driving habits and the number of miles you drive. In addition, State Farm’s website and mobile app are available 24/7 when you need to manage your coverage. But if you’re not as comfortable handling your insurance needs digitally, State Farm has 19,000 local agents ready to help you with your insurance needs the traditional way.

Learn more: State Farm Insurance review

Cost of car insurance for a 60-year-old

Age is not the only factor that determines the cost of car insurance. Another primary factor that affects the average cost of car insurance for 60-year-old drivers is location. Some states are more expensive for vehicle coverage than others. Each state’s car insurance requirements affect the cost of insurance based on how much coverage you need to legally drive.

Florida and Michigan are among the most expensive places for car insurance because they’re no-fault states. In a no-fault state, each driver pays for their own medical bills regardless of fault. In these states, drivers must buy PIP insurance and liability insurance.

State Average annual premium for full coverage
Alabama $1,559
Alaska $1,491
Arizona $1,440
Arkansas $1,726
California $1,991
Colorado $1,808
Connecticut $1,469
Delaware $1,611
District of Columbia $1,773
Florida $2,400
Georgia $1,887
Hawaii* $1,216
Idaho $1,009
Illinois $1,339
Indiana $1,189
Iowa $1,102
Kansas $1,538
Kentucky $1,988
Louisiana $2,600
Maine $792
Maryland $1,655
Massachusetts $1,176
Michigan $2,342
Minnesota $1,510
Mississippi $1,561
Missouri $1,545
Montana $1,673
Nebraska $1,319
Nevada $2,064
New Hampshire $1,046
New Jersey $1,683
New Mexico $1,341
New York $2,142
North Carolina $1,341
North Dakota $1,136
Ohio $1,023
Oklahoma $1,694
Oregon $1,265
Pennsylvania $1,474
Rhode Island $1,724
South Carolina $1,350
South Dakota $1,489
Tennessee $1,223
Texas $1,703
Utah $1,225
Vermont $967
Virginia $1,165
Washington $1,095
West Virginia $1,405
Wisconsin $1,069
Wyoming $1,329

*Hawaii does not use age as a rating factor

Car insurance rates by gender

The average cost of car insurance for 60-year-old female drivers is generally lower than insurance for male drivers of the same age, since female drivers tend, on average, to get into fewer accidents than males. Among drivers aged 61 to 65, male drivers accounted for 64% of crash fatalities, while female drivers accounted for only 36%, according to the National Highway Traffic Safety Administration.

However, not all states consider gender when determining your insurance premium. In California, Hawaii, Massachusetts, Michigan, Montana, North Carolina and Pennsylvania, your gender should not affect your insurance premium.

Average annual premium for 60-year-old male Average annual premium for 60-year-old female % difference
$1,552 $1,537 0.98%

How 60-year-old drivers can save on car insurance

Older drivers who are close to (or at) retirement age could be on a fixed income. Taking the time to find savings on car insurance may give your budget some breathing room. A few ways older drivers may be able to lower their premiums include:

  • Loyalty: You may qualify for a discount based on the amount of time you have patronized your insurance provider.
  • Automatic payments: If you enroll in autopay, your provider may discount your premium.
  • Low-mileage: If you drive infrequently, you may want to look into low-mileage benefits. Some companies offer low-mileage discounts to any customer who drives below a certain number of miles per year, usually 5,000 to 7,000.
  • Bundling: If you carry car, home and life insurance policies, many providers allow you to bundle them and save.
  • Driver training course: If you insure a teen driver, you may want to consider enrolling them in a course that teaches safe practices behind the wheel. Your insurer could offer you discounts on your premium.

Frequently asked questions

What is a driver training course?

Driving training courses help teach defensive driving skills. Some insurance companies offer discounts for taking approved courses. Be sure to check with your carrier before signing up for a course. If your insurance company doesn’t have the class on the list of approved options, you may not qualify for the discount. Also keep in mind that not all companies offer this discount and it isn’t available in all states.

What is the average cost of car insurance for 60-year-old drivers?

Car insurance for 60-year-old drivers averages $1,544 per year for full coverage. Actual prices can depend on several factors, such as gender, credit score, number of claims filed and driving record. In general, drivers who are found at-fault in a car crash or have a history of being convicted of traffic tickets may see premium increases.

What are the cheapest car insurance companies for older drivers?

The cheapest car insurance companies for 60-year-olds will vary among drivers. To find the best rate, you may want to get quotes from each of our top car insurance picks and compare prices and offerings. You may qualify for competitive auto insurance discounts for safe drivers, safe vehicles, your professional or alumni group or bundling policies.

Do car insurance premiums go down after age 60?

Car insurance premiums depend on several factors, such as driving history, credit score (in most states) and location. Drivers between the ages 60 and 69 typically enjoy some of the lowest insurance premiums. In your 70s, insurance premiums tend to increase due to drivers between the ages of 70 and 79 experiencing slightly higher risk.


Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 20-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

Rates were calculated by evaluating our base profile with the ages 18-60 (base: 60 years) applied.

Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner.

Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, Pennsylvania.

Written by
Lizzie Nealon
Insurance Writer
Lizzie Nealon is a former insurance writer for Bankrate. Her favorite part of the job is making home, auto and life insurance digestible for readers so they can prepare for the future.
Edited by
Insurance Editor
Reviewed by
Assistant Vice President & Claims Field Manager