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The cheapest car insurance for 50 year olds can be found at USAA for an average of $85 per month or $125 per year for a full coverage car insurance policy.
Best Over 50 Car Insurance Quotes
Finding the best car insurance company can mean getting the right coverage for your situation, or saving hundreds of dollars every year on your policy—or, ideally, both. The best car insurance for 50 year olds can be as low as $100 a month from companies like USAA and Erie.
Tips And Ideas For Cutting Car Insurance Costs
We at the Guides Auto team compared the cheapest car insurance rates from dozens of providers to find the best options for 50 year olds. Read on to find the best car insurance and find out how you can save money.
Why trust our team The Guides Auto team is committed to providing reliable information to help you make the best decision regarding your car insurance. Our researchers, writers and editors carefully vet suppliers and analyze customer feedback and ideas so you can make your choice with confidence.
We estimate that 50-year-olds pay an average of $1,658 per year or $138 per month for full car insurance. That's slightly cheaper than the national average of $1,730 a year, or $144 a month for 35-year-old married drivers.
Compared to other age groups, auto insurance for 50 year olds is inexpensive. Teenage drivers are at the highest risk of having an accident, so they can pay three to four times more for car insurance than the national average. On the other hand, 50-year-olds pay on average or slightly less.
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Fifty-year-olds have more driving experience than younger drivers and often adopt a more cautious driving style. A good driving history can help you secure the best car insurance rates and discounts.
Below you can see how car insurance accidents vary by age group, according to the AAA Highway Safety Foundation.
Auto insurance rates accurately reflect the likelihood of accidents for different age groups. You can see this in the chart below, which breaks down car insurance costs by age.
USAA offers the cheapest auto insurance for 50 year olds, averaging $85 per month. Erie is the cheapest regional insurance company with an average cost of $98 per month, while Geico is the cheapest mass market insurance company with a rate of $103 per month.
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Location is one factor that significantly affects the cost of auto insurance for 50 year olds. Because of this, auto insurance companies charge different rates depending on your location. Other factors such as your driving history and credit score can also affect the price you pay for car insurance.
*Auto insurance estimates are based on a full coverage policy with $50,000 personal injury per person, $100,000 personal injury per accident, and $50,000 property damage per accident. The estimate also includes a $500 deductible for collision coverage and full coverage.
The best car insurance for 50 year olds varies by state. Below you can see the cheapest provider for 50 year old drivers in each state.
Our estimates show that 50-year-old drivers in Maine pay the least for car insurance compared to drivers in other states.
Best Car Insurance For Young Adults
Our top insurances for cars over 50 years old are Geico, USAA and Erie Insurance. We've calculated the best car insurance for this age group by looking at coverage options, price, reputation, customer experience, and affordability.
Overall, we recommend Geico as the best car insurance for 50 year olds because it is available nationwide and is cheap. Insurers' rates are about 26% lower than the national average for drivers of this age. Geico is rated A+ by the Better Business Bureau (BBB) and J.D. Capacity 2022 USA Ranked as a top 3 supplier in the Auto Insurance Study℠ in Texas, New York, the Midwest, and the Northwest.
If you are a member of the military or a veteran, you can get cheaper car insurance rates from USAA. We estimate that USAA coverage costs about 38% less than the national average for 50-year-olds. This is a significant difference. USAA has many J.D. Power also scores highly in customer satisfaction surveys.
Aviation insurance can be a smart choice for many 50 year old drivers. Our estimates show that 50-year-olds pay about 29% less than the national average with Erie. The company offers several unique coverage options through the Erie Auto Plus® add-on, such as additional locksmith discounts and additional travel coverage. Erie is available in the following 12 states plus Washington DC:
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For drivers in their 50s, State Farm is another great option available nationwide. At State Farm, 50-year-olds pay about 13% less than the national average. State Farm is the nation's largest auto insurance company and has an excellent financial strength rating from AM Best. This means that he can easily cope with his claim obligations.
Hartford offers discounted car insurance to AARP members aged 50 and over. Our estimates show that Hartford's average rates are slightly higher than the market average, but this does not take into account the 10% discount that AARP members receive.
The company has a good reputation for customer service and J.D. Power 2021 USA Scored 905 out of 1000 in the Automotive Claim Satisfaction Survey℠. AARP membership benefits include discounts on travel, hotels, technology, wellness and more.
Not all 50-year-old drivers will pay the same amount for car insurance. In addition to age, your driving experience, credit score, vehicle, and location may affect rates. You will also find different rates from different car insurance companies when you shop. Here are some tips on how to find the best car insurance for 50 year olds.
The Cheapest (and Best) Full Coverage Car Insurance Of 2023
The easiest thing you can do to find the best auto insurance rates is to shop around every time your policy is due for renewal. Fifty-year-old insurers pay less for auto insurance than many other age groups, but car insurance rates can still vary greatly from driver to driver. Spend a few hours and compare insurance premiums from multiple companies. We recommend comparing the rates of at least three companies to find the best auto insurance for 50 year olds.
Increasing your deductible increases the amount you pay out of pocket if you are involved in an accident. Your insurance company will reward you with a lower overall rate. Make sure you can actually pay the deductible if an accident occurs.
You can save money by limiting how much an insurance company pays for coverage, such as personal injury liability or collision insurance, as long as you still meet the state's minimum coverage requirements. If you fully own your car, you can also choose to opt out of Collision and Full Coverage to save even more.
Your driving experience greatly affects the value of your car policy. No-fault accidents, fines, or violations in your recent history may lower your rates.
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Almost all car insurance companies offer several discounts and some of them can help you save a lot of money depending on your situation. Depending on age, some car insurance companies offer discounts for seniors over 50, while others offer discounts for senior drivers aged 55, 60, or 65.
We also recommend checking out usage-based safe driving discounts like Drive Safe & SaveTM or State Farm's Progressive Snapshot®, especially if you drive less than 12,000 miles a year. Telematic insurance programs like these offer discounts based on your driving, and safe drivers can save you significant amounts of money.
We looked at the cheapest auto insurance rates for 50 year old drivers and broke down the costs by state. We've also listed the average cost for this age group and factors that can affect auto insurance premiums. Our top auto insurance recommendations for over 50s include Geico, USAA, and Erie Insurance.
When it comes to auto insurance, we recommend that you compare auto insurance quotes from several companies to find the best one.
Best Cheap Car Insurance For 50 Year Olds (2023)
After age 50, annual auto insurance rates drop very slightly until age 55, to an average of $49. However, after that, the rates start to rise again. 75-year-old drivers pay several hundred dollars more per year than 50-year-old drivers.
The best car insurance companies for drivers over 50 are Geico, USAA, Erie Insurance, State Farm, and The Hartford.
On older vehicles, you may have the minimum coverage required by your state. These include personal injury liability, property damage liability, and sometimes insurance for uninsured motorists. Generally, you don't need full coverage for old cars that have depreciated. Make sure you can afford to fix the car if you caused an accident or replace it if the car is broken.
By far, teenagers have the highest auto insurance rates overall. Our estimates show that 16-year-olds pay about $6,912 per year for an individual full-coverage insurance policy, while 17-year-olds pay an average of $5,612 per year. Young drivers are at the highest risk of accidents, which is why they are paid the most.
Cheap Car Insurance
Drivers between the ages of 50 and 65 tend to have the lowest auto insurance rates. However, all ages from 35 to 65 years old pay for insurance about the same.
Because customers rely on us to provide unbiased and accurate information,
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