Car insurance for 50 Year Olds

Your 50th birthday is a significant milestone in your life. It can have an impact on how much you pay for car insurance. Other factors can also impact the cost of your car insurance, including where you live, how you drive, and your credit rating. You should explore all options and compare what each provider has to offer you. 50-year old insurance can be very different from 20-year-old or 30-year-old car insurance. You need to know the price of car insurance for a 50 year-old before you make a purchase.

What is the cost of car insurance for a 50 year-old?

The type of coverage 50-year-old drivers choose to purchase will determine the average cost of their car insurance. The average policy will cost you $503 annually if you choose minimum coverage. An average full coverage policy costs around $1,451 per annum. You could end up paying more for your annual premium if you choose to add coverage.

Best car insurance for 50-year-olds

Car insurance companyMinimum coverage at 50 years old: Average annual premiumJ.D. J.D.
(scores indicate highest regional scoring)
Allstate$1,597851/1000 (Florida)
Automobile owners$797868/1000 (Central)
State Farm$1,391855/1000 (Mid-Atlantic)


Allstate has the largest insurance provider, and has a strong track record in paying claims. Allstate also offers useful add-on coverages such as accident forgiveness, roadside assistance, and personal injury protection. Insurance can be purchased for specific purposes, such as rideshare and sound system insurance. You will get the usual discounts that you would expect from an auto insurance company. The Milewise program is great for drivers who want to only pay for the miles driven if they are driving low mileage.

Automobile owners

Auto-Owners offers coverage options that include rental car coverage, road trouble service, gap insurance, and new car replacement. You can also get specialty insurance for older cars or coverage for modified vehicles. Auto-Owners offers great discounts and high customer satisfaction. This company is known for its unique Collision Coverage Advantage which waives collision deductibles when you are involved in an accident with another Auto-Owners vehicle.

State Farm

State Farm has many options to bundle with your auto insurance. These include home, renters and life insurances, as well as special vehicle coverages such RV and motorcycle insurance. This provider provides rideshare and emergency roadside assistance. State Farm offers two discounts programs to encourage safe driving. Steer Clear is for young drivers to learn safe driving habits and Drive Safe and Save rewards good driving habits. Drivers may also be eligible for discounts to reduce their premiums.

Car insurance for 50-year-old drivers is the cheapest

There are many auto insurance companies to choose from. It is important to consider the cost of choosing the right provider.

Car insurance companyMinimum coverage at 50 years old: Average annual premium
Erie Insurance$751
Automobile owners$797

USAA is the most affordable car insurance policy for 50-year old drivers. It charges $713 per annum for the minimum coverage policy. Erie Insurance offers affordable coverage with a policy for $751 per annum. Auto-Owners comes in close second, with an average policy costing $797 per year.

How 50-year-olds can save money on their car insurance

If you’re not happy with the initial price, there are many ways to lower your insurance premium.

  • Increase your deductible: A deductible is the amount that you pay out-of-pocket if you are involved in an accident at fault. Your premium will be lower if you increase your deductible. However, make sure you have the funds to pay for the deductible you choose.
  • Get discounts: Many car insurance companies offer discounts such as safe driver, paid in-fulll, and military discounts.
  • Bundle multiple insurance policies: Drivers who bundle their car insurance with life or home insurance can save money.
  • Insure multiple cars: You may be eligible to save more money by insuring all your vehicles with the same insurance company.

Questions frequently asked

Which is the best auto insurance company?

Based on the needs of each driver, the best car insurer will differ. It is important to get multiple quotes so you can compare the premiums and coverages offered by each company.

What factors impact the cost of auto insurance for 50-year-olds

There are a few things that affect the cost of car insurance for people over 50. Your insurance premium will be affected by where you live, what car you drive and what coverage you select. Before quoting you, car insurance providers will consider your credit score, payment history, and claims history.

How can I save money when buying car insurance?

Comparing multiple car insurance providers is a great way to save money on your car insurance. Ask about discounts before you make a decision. By keeping your claim-free record and paying on time, you can save money on your policy.