For a number of reasons, car insurance can be more expensive for seniors — even those with a stellar driving record. Typically, car insurance companies will offer lower rates for drivers when they’re between 45 to 55 years old, and once a driver turns 75, auto insurance begins to cost more, according to Progressive(opens in new tab). With car insurance rates already high in many states, finding ways to save can be crucial, which is why many car insurance companies offer a variety of discounts for seniors.
Car Insurance by Age
Age 25: Typically car insurance for teenagers is expensive, given that they don’t have much driving experience and are therefore more likely to get into a car accident. When drivers turn 25, their rates drop by 9% on average, according to Progressive.
Ages 50 to 60: This age range is likely to experience lower rates than other age brackets, as middle aged drivers have a good bit of experience driving and aren’t as likely to be hearing- or vision-impaired.
Ages 70 to 80: Once drivers hit their mid-70s, car insurance rates typically go up, as this age bracket has an increased risk of being in an accident. Older individuals are also more prone to injuries in the event of a car accident, which can lead to expensive medical bills and other expenses.
80s: Despite having the most driving experience, drivers in this age range are the most likely to have decreased reflexes and reaction times, which drives up their car insurance rates.
