When it comes to car insurance for 75-year-old drivers, the cost can vary depending on the coverage levels chosen. On average, car insurance for 75-year-old drivers can cost around $600 per year or $50 per month for state minimum liability only coverage. Opting for 50/100/50 liability coverage can increase the average cost to $742 per year or $62 per month. For more comprehensive coverage with 100/300/100 liability and a $500 deductible for comprehensive and collision, the average cost jumps to $1,790 per year or $149 per month.

Coverage level Average annual premium Average monthly premium
State Minimum Liability Only $600 $50
50/100/50 Liability Only $742 $62
100/300/100 Liability with $500 Comp/Coll Deductible $1,790 $149

Average car Insurance rates for 75-year-old male and female: Decoding gender impact

Gender can also play a role in determining car insurance rates for 75-year-old drivers. On average, 75-year-old females can expect to pay around $1,706 per year for car insurance, while their male counterparts may face slightly higher rates at $1,790 per year.

Gender Average annual premium Average monthly premium
Female $1,706 $142
Male $1,790 $149

How average car insurance rates for 75-year-old vary by State

Car insurance rates for 75-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 75-year-old is $1,522 per year, while in Alabama it is $1,655 . In other states like Florida and Louisiana, the average cost can skyrocket to $3,001 and $2,575 per year, respectively. On the other end of the spectrum, Maine offers the lowest average cost at $1,055 per year.

State Average annual premium Average monthly premium
North Carolina $1,373 $114

Low-cost car insurance for 75-year-old: Drive without breaking the bank

Finding affordable car insurance for 75-year-old drivers is possible. Some companies offer lower average annual costs, such as American National Finance at $996 , Safety Insurance at $1,075 , and North Carolina Farm Bureau at $1,253 .

Comparing rates from multiple insurers is one of the easiest ways to find which insurer offers the lowest cost for 75-year-old driver and provides all the required coverage.

Company group Average annual premium Average monthly premium
American National Finance $996 $83
North Carolina Farm Bureau $1,253 $104
Safety Insurance $1,075 $90
Nationwide $1,294 $108
USAA $1,351 $113
Geico $1,418 $118
New Jersey Manufacturers $1,291 $108
Palisades $1,614 $134
Erie Insurance $1,492 $124
American Family $1,528 $127
Vermont Mutual $1,496 $125
Auto-Owners $1,514 $126
State Farm $1,438 $120
Amica Mutual $2,017 $168
Travelers $1,692 $141
Arbella Insurance $1,398 $116
Island Insurance $1,668 $139
Frankenmuth Insurance $1,275 $106
Southern Farm Bureau $1,696 $141
Western National Mutual $1,809 $151
Progressive $2,008 $167
Mapfre Insurance $1,410 $118
Shelter Insurance $1,773 $148
Farmers $2,310 $193
Allstate $2,213 $184
Country Financial $2,025 $169
Auto Club Enterprises (AAA) $2,135 $178
Westfield Insurance $1,907 $159
Iowa Farm Bureau $2,243 $187
Kentucky Farm Bureau $2,220 $185
The Hartford $2,148 $179
National General Insurance $2,652 $221
Mercury Insurance $2,881 $240
CSAA Insurance (AAA) $2,704 $225
Automobile Club MI (AAA) $2,608 $217
Kemper Insurance $2,715 $226
Oklahoma Farm Bureau $2,350 $196
Chubb Ltd $2,681 $223
Safeway Insurance $2,549 $212
The Hanover $4,901 $408
Sentry Insurance $4,491 $374

Conclusion

Car insurance costs for 75-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 75-year-old drivers by comparing rates from different insurers.

Methodology

CompuQuote commissioned 2022 data for Average car insurance rates for 75-year-old drivers from Quadrant Information Services for all 50 states and Washington, D.C. Rates are based on the following profile:

  • 75-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.

About the Author: CompuQuotes Editorial
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