Is Car Insurance Cheaper as You Get Older?

Is car insurance cheaper as you get older? It can be. As you age, typically your driving habits and choice of vehicles change, which can affect your car insurance needs. The Hartford knows that no matter what changes, it’s important to find affordable car insurance so you can save money. You can get great rates and savings through the AARP^® Auto Insurance Program from The Hartford.¹ Through this program, The Hartford helps older drivers get the coverage they need while offering several discounts to lower auto insurance costs. The Hartford prides ourselves on being a trusted provider of car insurance for seniors.

 

In general, older drivers may have lower car insurance rates. Senior drivers pay an average of $1,615 per year or $135 per month on car insurance. This table shows the average annual and monthly car insurance costs by different ages:²

Generally, rates may be lower for those who are 50-69 years old. Studies show that older drivers who are over 50 years old are relatively safe behind the wheel. They typically drive fewer miles and modify their habits in poor driving conditions, which can qualify them for car insurance discounts for seniors. However, as a driver’s age increases, so does their risk of being involved in an accident. Therefore, car insurance rates for seniors may increase again after age 70.

 

Though younger drivers typically pay higher insurance costs compared to older drivers, rates may start to decrease as you get older. Insurers generally charge more for drivers who are under 25 years old, according to the Insurance Information Institute (III).³

 

According to the III, women may pay lower car insurance costs than men because they tend to have fewer and less serious accidents. For example, the average auto insurance cost for a 60-year-old man is $1,552, while women of the same age pay $1,537.⁴

 

Since married drivers are generally considered to be safe drivers and financially stable, they may pay lower car insurance premiums.

 

For over 35 years, The Hartford has delivered great savings and customer service to AARP members through the AARP Auto Insurance Program from The Hartford. You can count on our car insurance to be there when you need it most. Llame al 888-546-9099 and get your custom quote today.

Car Insurance Quotes for Seniors

Last Updated: October 5, 2022

 

^2,4 Bankrate, “Auto insurance rates by age in 2022”

 

³ Insurance Information Institute (III), “What determines the price of an auto insurance policy?”

** Los montos de ahorro promedio se basan en información comunicada por los clientes que se cambiaron a The Hartford desde otras compañías entre 9/1/22 y 8/31/23. Su ahorro puede variar. El ahorro promedio en el seguro para automóviles es de $577 y el ahorro promedio en el seguro de viviendas es de $236. Las diferencias de tarifas entre los afiliados y los no afiliados de AARP varían según el estado y la antigüedad de los afiliados de AARP. El descuento para auto y vivienda está disponible solo para asegurados que tengan tanto su seguro para auto y vivienda (o condominios y arrendatarios) por medio de los programas de seguros para autos y de viviendas AARP de The Hartford. .The Hartford no suscribe nuevos negocios en todas las áreas, incluidos los estados de CA y FL.

 

^§ La disponibilidad del beneficio RecoverCare y los niveles del beneficio varían según el estado. The Hartford RecoverCare Advantage^® es una marca registrada de The Hartford.

 

^§§ Se aplican términos y condiciones.

 

^‡ Se aplican términos y condiciones. La exención por accidente y la desaparición progresiva del deducible no están disponibles para asegurados de California.

 

^‡‡ Se aplican términos y condiciones. La disponibilidad varía según el estado.

 

^‡‡‡ Con base a un auto y conductor; la tarifa/prima/ahorros individuales variarán según las selecciones de cobertura reales y las características de los vehículos/conductores.

 

Divulgaciones adicionales a continuación.

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