Car insurance rates may start creeping up as you get older. Below, we’ll look at a few of the best auto insurance options for those over 50.
You’ll also find the average cost of car insurance for this age group as well as tips to get lower rates.
But to get started, let’s look at the average cost of car insurance for those over 50.
Average Car Insurance Cost for Those Over 50
So now, you know about some of the best car insurance companies for those who are in their 50s and over. Now it’s time to look at the average rates of car insurance for 50 years olds.
The average annual cost of car insurance for 50-year-olds is right around $2,700. However, rates will vary depending on the company, the type of car you drive, driving history, where you live and more.
Some tend to cost more than average such as policies offered by Allstate. Meanwhile, some policies cost less, such as those offered by Geico and USAA.
Costs will also differ whether you are male or female. Female policyholders pay as much as $2,707 averagely per year. Meanwhile, male policyholders pay $2,698 annually.
These are only some of the best car insurance for those who are aged 50 and above. We recommend taking some time to do your research online and offline. That’s the only way to see the best options that fit your needs.
Talk to some friends in your age group and see what type of car insurance they have. Another option would be to also speak with insurance agents to compare the best rates for you. And while you’re at it, see if you can get a discount on those rates, too! It never hurts to ask.
Now that we know the pricing, let’s look at some of the best over 50 car insurance options.
Best Over 50 Car Insurance Options
Best overall for seniors: The Hartford
The Hartford car insurance is the best car insurance for seniors as they are the main focus of this company.
Another reason why they are a great option is because they include RecoverCare policy. This provides assistance for everyday costs you may face after a car accident.This may include things like taking a taxi to work, lawn care or snow removal, grocery delivery and more.
To add to this their services are easily accessible as they include a 24/7 claims hotline.
Another reason why they include new-car replacement. This means that you get full replacement value if your new car gets wrecked.
This type of policy however is exclusive for AARP members. So, if you’re not currently a member of AARP, you’ll need to join to get this auto coverage from The Hartford.
Best for low prices: Geico
No one, no matter what their age, wants to pay a lot for car insurance. And out of most of the companies in the car insurance world, Geico consistently offers the lowest rates.
Aside from low rates, Geico is also known for offering accident forgiveness for qualifying beneficiaries. Accident forgiveness is a benefit that may prevent insurance rates from getting higher as a result of a driver’s first at-fault accident.
Other great car insurance companies include:
- USAA (Best for military veterans)
- Allstate (Best for seniors seeking discounts)
- Dairyland (Best for drivers who are prone to accidents or violations)