Is auto insurance more expensive for seniors? This question is about Best Auto Insurance for Seniors

Is auto insurance more expensive for seniors?

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This question is about Best Auto Insurance for Seniors

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@WalletHub • 02/03/22 This answer was first published on 10/25/21 and it was last updated on 02/03/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Auto insurance is more expensive for seniors over the age of 65 than for middle-aged people, and coverage becomes even more expensive after age 80. Elderly drivers pay more for car insurance because they are more likely to be involved in accidents and suffering severe injuries.

Even if you maintain a good driving record, your premiums will increase with age. For example, the average annual cost of state-minimum car insurance coverage for a 65-year-old is $734, compared to $684 for a 55-year-old.

Average Car Insurance Rates by Age

Age	Average Annual Premium
65 years old	$734
55 years old	$684
45 years old	$716
35 years old	$739
25 years old	$862

To learn more, check out WalletHub’s guide to the best auto insurance for seniors.

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Do seniors get a discount on auto insurance?

Yes, seniors can get a discount on car insurance. Senior citizen auto insurance discounts of 5% to 15% are available for drivers aged 50-65+ who belong to affiliated groups, take approved driver education courses, or drive fewer miles. Major insurers do not offer discounts simply for reaching a certain age, however.

Age is a factor in your insurance premium in every state except California, Massachusetts and Hawaii. And even these states allow insurers to...

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