How Age Affects Auto Insurance Rates

Human beings grow old. It’s one of the many sad truths of life. After the vibrancy and naivety of youth comes the fatigue and wisdom of old age. Many things will change throughout one’s lifetime – physical appearance, net worth, love interests, etc. As they say, only two things in life are certain: death and taxes. Here at, we’d like to add a third thing: changing auto insurance rates.

your age and auto insurance

How does your age affect how much you will be paying for car insurance?

Your Age And Auto Insurance

Age is one of the many factors that insurance companies look at when determining your auto insurance premiums. So, it should come as no surprise to you that if you are in the wrong, or “higher risk” age brackets, you will be paying more for auto insurance. But which age groups pay the most for auto insurance? And why is this?

It should come as no surprise to you that teenagers and first-time-drivers will foot the highest bill for their car insurance. These young drivers are deemed to be high-risk and inexperienced (and rightfully so). Because of this, young drivers, especially young male drivers, have the highest auto insurance rates in America.

Research shows that young drivers are more likely to be reckless behind the wheel. In fact, statistics show that inexperienced drivers (both male and female) are more likely to file a claim or get a traffic violation, such as a speeding ticket. Because of this, most insurance companies make people wait until they are 25 years old till they start normal, “adult” insurance rates.

Average Auto Insurance Rates Per-Age

The following chart shows that average insurance rates for one person policies with liability coverage amounts of $100,000 bodily injury per person per accident, $300,000 total bodily injury for each accident, $100,000 property damage per accident. This chart shows only liability coverage rates. Collision and comprehensive coverage are not included.

Let’s take a look:

Age group Average rate
16-19 $2,999
20-24 $2,040
25-29 $1,707
30-34 $1,591
35-39 $1,610
40-44 $1,603
45-49 $1,478
50-54 $1,284
55-59 $1,214
60-64 $1,169
65-69 $1,244
70-74 $1,187
75 and up $1,203

As you can see, teens and young adults pay the most for auto insurance BY FAR. But shouldn’t senior citizens also pay a lot? Let’s look into this more below…

Teenagers vs. The Elderly

Many people feel that the elderly also should pay more for auto insurance as their driving skills diminish with age. Statistics show, however, that less than 1% of people aged 65 and above will die in motor accidents. On the other hand, car accidents are the leading cause of death for people in the 15-20 age range, with males being twice as likely as females to die in a car accident at this age.

The elderly get in less high-speed accidents, and it’s not only because they drive 35 miles per hour on the highway. Their experience on the road gives them a huge advantage. Studies show that once you get old, you start to learn more about your limitations on the road, and therefore take fewer risks. As a result, car accidents involving the elderly tend to be much less serious in nature.

Getting The Best Auto Insurance Rates For Your Age

It doesn’t matter if you are 16 or 86, there are always ways for you to save on auto insurance. has many guides that will help you find the best quotes for auto insurance regardless of how old or young you are. We recommend you start reading the following:

After you have educated yourself more on the ins-and-outs of auto insurance, scroll back up to the top of this page and enter your zip code to begin comparing auto insurance quotes. helps connect all of our visitors, young or old, with the most competitive auto insurance rates in the industry.


  Comments: 6

  1. I’ve been with State Farm for over 30 years, never had a claim, and I’m on the preferred list. I’m told now that my age has to do with my costs, is this True? I’ll be 82 in July, in good health, no medicines of any kind. Is this a fact about elderly age being a factor?

    • As someone who is dealing with this issue with my mom, I can chime in from personal experience. Two years ago I bought my mom a new car. She had Allstate and had been with them almost 40 years. There were a couple of small claims but nothing large(over $2000). Her driving record is spotless. She is good health and takes one medicine. The claims were more then 20 years ago. The dealership had an little Allstate office in it and before I bought the car I got a quote. It wasn’t bad. My mom had turned 81 a few months before.

      Here’s where it gets goofy. There was a bill difference between the old car and the new. Figured on that. When the renewal came my moms insurance had jumped $400. Nobody at Allstate could figure out why. To make this simple it was a magic number. The previous policy she was 80 but Allstates magic number was 81. Her rates jumped because she was 81 as of the renewal date.

      I was told by an independent agent that different companies use different ages and then your rates go up. Allstate happened to jump my moms up 24% for being 81 even though she has a spotless record and only drives roughly 3000 miles a year. She knows what her capabilities are and refuses to drive on the highway anymore. She also has 20/20 vision and just passed a driving test in June.

      Allstate may have to go, right now the independent agent is shopping different companies. The most likely is going to be through the AARP (Hartford) because her rates went up another 11%. 20+ years without a claim, driving a lot less miles and having a spotless driving record means nothing. There is no loyalty in insurance, you are a strictly a number. It’s all underwriting and how much of a liability you are perceived to be. Long answer, yes being elderly becomes a big factor in rates.

      • I called the Hartford. their ads are nonsense. Your mom’s rates will probably skyrocket.
        I’m only 63 with no accidents in more than 20 years and they had the nerve to quote me over $11,000 a yearly

    • Armando@4AutoInsuranceQuote

      Hello David,

      I’m sorry to hear about your situation. As with Mick’s experience below, age does factor into an insurance company’s rate calculation and there are cut offs where the rate either becomes higher or lower. The reasons behind this are many, just as much younger folk are considered more reckless and statistically more likely to be involved in an accident, older folk generally have deteriorating eyesight, reaction times, and other factors that make them statistically more likely to be involved in accidents as well. Not all insurance companies are the same however and I’ve rarely (if at all) seen one do any favors with the rate just because you’ve been with them for a long time, I would suggest you quote other options and see how you make out.

  2. I just turned 60 a few months ago. When I got my insurance premium bill from Nationwide it was 30% more than 18 months ago when I started. I never made a claim in my entire life. No wrecks. When I inquired about it the agent stated that it was because of our state insurance regulatory commission here in TN and because of so many claims made in our state. BS. And why am I paying for other peoples bad driving habits? I am pretty sure there is this unspoken age discrimination going on. Also pretty sure some hanky panky going on between insurance lobby and the state agency. I say this because I noticed a change in the questioning when applying for another insurance co.. They come right out and ask how much you are paying for current insurance. When I shopped for another ins company they were all pretty much the same in price. Not competitive any more. Something very nefarious going on.

    • Andrew@4AutoInsuranceQuote

      Hi Cy,
      While many people have a negative view of insurance, there is nothing nefarious going on. The nature of insurance is to pay for other people’s accidents, because companies set their rates based on how much they have to pay out in claims over a large group of people, like an entire city or state. It’s possible that Nationwide did have a rate increase in your area, and perhaps they do have a different rating factor for people aged over 60. Some insurance companies are more competitive with older drivers than others, so it’s good that you shopped around.

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