When it comes to car insurance for 65-year-old drivers, the cost can vary depending on the coverage levels chosen. On average, car insurance for 65-year-old drivers can cost around $486 per year or $41 per month for state minimum liability only coverage. Opting for 50/100/50 liability coverage can increase the average cost to $609 per year or $51 per month. For more comprehensive coverage with 100/300/100 liability and a $500 deductible for comprehensive and collision, the average cost jumps to $1,520 per year or $127 per month.

Coverage level Average annual premium Average monthly premium
State Minimum Liability Only $486 $41
50/100/50 Liability Only $609 $51
100/300/100 Liability with $500 Comp/Coll Deductible $1,520 $127

Average car Insurance rates for 65-year-old male and female: Decoding gender impact

Gender can also play a role in determining car insurance rates for 65-year-old drivers. On average, 65-year-old females can expect to pay around $1,491 per year for car insurance, while their male counterparts may face slightly higher rates at $1,520 per year.

Gender Average annual premium Average monthly premium
Female $1,491 $124
Male $1,520 $127

How average car insurance rates for 65-year-old vary by State

Car insurance rates for 65-year-old drivers can vary significantly depending on the state they reside in. For example, in Alaska, the average cost for car insurance for a 65-year-old is $1,294 per year, while in Alabama it is $1,365 . In other states like Louisiana and Florida, the average cost can skyrocket to $2,598 and $2,464 per year, respectively. On the other end of the spectrum, Ohio offers the lowest average cost at $932 per year.

State Average annual premium Average monthly premium
North Carolina $1,273 $106

Low-cost car insurance for 65-year-old: Drive without breaking the bank

Finding affordable car insurance for 65-year-old drivers is possible. Some companies offer lower average annual costs, such as American National Finance at $832 , Safety Insurance at $1,004 , and Mapfre Insurance at $1,067 .

Comparing rates from multiple insurers is one of the easiest ways to find which insurer offers the lowest cost for 65-year-old driver and provides all the required coverage.

Company group Average annual premium Average monthly premium
American National Finance $832 $69
North Carolina Farm Bureau $1,172 $98
Safety Insurance $1,004 $84
Nationwide $1,086 $91
USAA $1,115 $93
Geico $1,177 $98
New Jersey Manufacturers $1,121 $93
Palisades $1,320 $110
Erie Insurance $1,253 $104
American Family $1,307 $109
Vermont Mutual $1,172 $98
Auto-Owners $1,309 $109
State Farm $1,288 $107
Amica Mutual $1,489 $124
Travelers $1,410 $117
Arbella Insurance $1,289 $107
Island Insurance $1,668 $139
Frankenmuth Insurance $1,287 $107
Southern Farm Bureau $1,696 $141
Western National Mutual $1,362 $114
Progressive $1,594 $133
Mapfre Insurance $1,067 $89
Shelter Insurance $1,586 $132
Farmers $1,933 $161
Allstate $1,988 $166
Country Financial $1,785 $149
Auto Club Enterprises (AAA) $1,861 $155
Westfield Insurance $1,688 $141
Iowa Farm Bureau $2,197 $183
Kentucky Farm Bureau $1,937 $161
The Hartford $2,036 $170
National General Insurance $2,397 $200
Mercury Insurance $2,252 $188
CSAA Insurance (AAA) $2,348 $196
Automobile Club MI (AAA) $2,207 $184
Kemper Insurance $2,367 $197
Oklahoma Farm Bureau $2,249 $187
Chubb Ltd $2,277 $190
Safeway Insurance $2,549 $212
The Hanover $3,972 $331
Sentry Insurance $4,205 $350


Car insurance costs for 65-year-old drivers can vary based on coverage levels, gender, state of residence, and choice of the insurance company. Opting for higher coverage increases the average cost, while gender differences can also impact insurance rates. The average cost varies significantly by state, with some states having substantially higher premiums than others. However, affordable options exist, and it is possible to find lower-cost insurance for 65-year-old drivers by comparing rates from different insurers.


CompuQuote commissioned 2022 data for Average car insurance rates for 65-year-old drivers from Quadrant Information Services for all 50 states and Washington, D.C. Rates are based on the following profile:

  • 65-year-old driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

CompuQuotes analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Information Services are for comparison purposes only; your rates may differ.

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