How much is full coverage car insurance for 65-year-olds?

Yes, car insurance does go up at age 65 because older drivers are more accident-prone than middle-aged drivers and are more likely to require medical attention after an accident. Car insurance at age 65 is more expensive than the national average of $60 per month.

Cost of Car Insurance by Age… read full answer

Note: Premiums reflect state-minimum coverage.

It’s important to remember that age is not the only factor used to calculate insurance risk. Insurers also account for things like your driving record, your ZIP code, and the make and model of your vehicle.

Because companies use different factors to determine your premiums, it’s important to compare multiple quotes from different insurers to make sure you’re getting the best deal. To learn more, check out WalletHub’s guide to comparing car insurance rates.

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… read full answer

Young drivers can be added to a family policy to help reduce the impact of their high insurance rates. Also, most insurers offer discounts specifically to help lower the cost of insuring a teenager, like good student discounts.

States That Do Not Use Age in Determining Premiums

Hawaii, California, and Massachusetts have laws that prevent insurance companies from using age to determine a driver’s premiums. However, insurers are still able to take driving and insurance history into account, so teens still tend to pay significantly higher rates.

To learn more, check out WalletHub’s guide to average car insurance rates by age and gender.

Car insurance for a 65-year-old costs an average of $680 per year for minimum coverage. Beginning around age 65, drivers will start to see their car insurance rates increase, since senior drivers are statistically more likely to file accident claims.

The exact cost of car insurance for a 65-year-old depends on a … read full answerfew factors, including their driving record, gender, location, vehicle, and car insurance company. Some of the cheapest insurance companies for 65-year-old drivers are Geico, USAA, and Grange.

Cost of Car Insurance for a 65-Year-Old by Company

Note: Rates are an approximation based on a 65-year-old driver in California with minimum coverage. Actual rates will vary.

To learn more, check out WalletHub’s guide to cheap car insurance.