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That is mainly because senior drivers in this age range are more susceptible to crash injury, especially chest injuries and other medical complications. The Insurance Institute for Highway Safety observes that fatal crashes increased notably at ages 70 to 74 and then are highest in drivers 85 and older. Also, the CDC finds that the risk of being killed or injured in a traffic accident increases as drivers age. The aging body’s diminished coordination, flexibility and strength can affect reaction times, making it difficult for older drivers to avoid accidents. Medication and its side effects can also increase risk by affecting concentration and impairing driving abilities. The main age-related issues that can cause seniors to have trouble driving include declining vision and cognitive abilities, muscle disorders and changes in general physical fitness. Senior drivers are far more experienced on the road than teens, but age-related physical and mental changes can make it more challenging to be a safe driver. The Center for Disease Control and Prevention (CDC) says that adults ages 65 and older are more than twice as likely to report experiencing a medical issue that makes it more difficult to drive than motorists ages 24 to 64. (Note that age is not a factor in setting auto rates in California, Hawaii or Massachusetts due to state laws.)Īuto insurance rates begin to increase as you hit age 65 because insurance companies deem this part of the senior set to be more at risk for accidents and claims. Generally, teenagers and seniors pay more for car insurance than other drivers, all else being equal, when you average auto rates by age. Costs gradually increase until, at age 85, you’re at a relatively large cumulative increase of 43% compared to your rates at age 65.Ĭar insurance rate increases for senior driversĬar insurance companies take age into account when calculating rates because some age groups are more likely to have accidents and file claims than others. It’s a slight bump up of 6% for car insurance rates from age 65 to 70. Our analysis shows you can expect an increase of around 6% to 12% every five years after you reach age 65. Between ages 65 and 85, you’ll likely find that auto insurance rates start to trend upward around age 65. We also analyzed rates as you move from one age bracket to the next as a senior driver.
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That’s 13% higher than the average rate for a 30-year-old female good driver ($1,569 a year), our analysis found. The average senior car insurance rate for an 80-year-old female is $1,766 a year. The most expensive is Farmers (averaging $2,385 a year). Geico has the cheapest car insurance for senior drivers (an average of $1,197 a year), based on our analysis. Senior car insurance costs vary significantly among the insurance companies we analyzed, with a difference of $1,188 between the least and most expensive companies. Compare rates from participating partners via EverQuote's secure site.