Leif Olson, Car Insurance Writer
@leif_olson_1
A full coverage car insurance policy for a 55-year-old is about $1,308 per year, on average. In comparison, an auto insurance policy with the state-minimum level of coverage costs about $635 per year for a 55-year-old.
Car Insurance Premiums for 55-Year-Olds
| Age | Full Coverage | Minimum Coverage |
| 55 years old | $1,308 per year | $635 per year |
| 16 years old | $9,160 per year | $3,192 per year |
| 25 years old | $1,679 per year | $815 per year |
| 45 years old | $2,117 per year | $671 per year |
| 65 years old | $2,028 per year | $680 per year |
*Premiums are based on data from Quadrant Information Services; actual premiums will vary.
To learn more, check out WalletHub’s guide to the cheapest full coverage car insurance.
People also ask
Does car insurance go up at 55?
Car insurance does not go up at age 55 because the closer drivers get to middle-age, the more experience they tend to have behind the wheel and the less risk they pose to insurance companies. Car insurance at age 55 is cheaper than the national average of $56 per month.
Cost of Car Insurance by Age
| Driver's Age | Average Premium |
| 16... | $266 per month |
How does age affect the cost of car insurance?
Age affects the cost of car insurance by up to 389% on average because certain age groups are statistically more likely to be involved in accidents. Age is a factor in car insurance pricing in nearly all states, though California, Hawaii and Massachusetts do not allow the practice.
Average Car Insurance Rates by Age
| Age | Average Annual Cost |
| 16 | ... |
How much is car insurance for a 55-year-old?
Car insurance for a 55-year-old costs an average of $635 per year for minimum coverage. The exact cost of car insurance for a 55-year-old depends on a few factors, including their driving record, gender, location, vehicle, and car insurance company.
Some of the cheapest insurance companies for 55-year-old drivers are Geico, USAA, and AAA. You can see how they compare below.
Cost of Car Insurance for a 55-Year-Old by Company
| Company ... | Cost |
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