Our study found that the average price of a entire coverage car policy policy for a 50-year-old is $ 2,698 per year, or $ 225 per calendar month. On average, the cheapest widely available insurer for 50-year-olds is Geico.
Our survey found that Geico offers the brassy cable car insurance for 50-year-olds across the nation based on our analysis of thousands of rates across nine of the most populated states. To ensure you get the best rate you should compare car insurance quotes, as rates for 50-year-olds can vary by $ 3,170 per year depending on the company .
Find insurance rates by:
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How much is car insurance for a 50-year-old?

Although the average annually price of cable car insurance for 50-year-olds is $ 2,698, rates between individual companies can vary widely. The rates from the indemnity companies used for this sketch vary by more than $ 3,000 per class .
This graph ranks car insurance quotes for 50-year-olds across varying insurers
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The cheapest companies for 50-year-olds are :

  • USAA: Fifty-year-olds pay $1,280 for USAA on average. However, it’s only available to current and former members of the military and their families.
  • Erie Insurance: The second cheapest option is Erie at $1,348 per year, but Erie Insurance is only offered in 13 states.
  • Geico: Although it costs more than USAA and Erie, Geico is the cheapest widely available insurer for 50-year-olds at $1,707 per year on average.

The big dispute in rates is why drivers looking for the cheapest rates should always compare multiple insurers. Often, two companies can offer precisely the lapp coverage and very similar services at vastly different prices .

How do car insurance prices differ for 50-year-old men and women?

Whether you ‘re a man or a woman, cable car indemnity prices in your 50s tend to be very like. We found that women pay slightly more than men for car insurance at long time 50. The remainder is only 0.7 %, or about $ 18 per year, on average .

Annual cost – 50-year-old male


Annual cost – 50-year-old female $2,707

The gap in cable car policy prices between men and women tends to narrow as they historic period. For example, 20-year-old men pay about 10 % more for car policy than women, on average. This is because young male drivers get into more accidents than new female drivers .
There are some states where the practice of gender-based insurance price is prohibited. If you live in California, Hawaii, Massachusetts, parts of Michigan, Montana, North Carolina or Pennsylvania, you wo n’t see any remainder in car insurance rates for men and women, assuming all other factors affecting rates are equal .

Car insurance rates by age

The average 50-year-old pays $ 2,698 per year, or $ 225 per calendar month, for car indemnity. This is $ 509 cheaper per class than the modal cost for a 25-year-old, and $ 4,481 cheaper than the modal for an 18-year-old. cable car policy typically gets cheaper as you gain more years of know drive .


Average annual premium

18 $7,179
25 $3,207
30 $2,390
50 $2,698

Compare rates The cost of car insurance tends to level off after the age of 30. In other words, you wo n’t notice a large remainder between cable car insurance prices for 30-year-olds and 50-year-olds, adenine long as all other factors affecting rates are equal .

Cheapest car insurance company for 50-year-olds by state

We found that USAA is frequently the cheapest insurance company, as it offers the cheapest rates in six of the 10 most populated states. Geico offers the cheapest rates in three of the states .
Ohio is the cheapest state for 50-year-olds out of the states we studied, with an average rate of $ 1,505. This is $ 6,501 cheaper than the most expensive state, Michigan .

How to find the cheapest insurance as a 50-year-old

If you ‘re a 50-year-old looking for the lowest price, we recommend comparison denounce across multiple insurance companies. Our analysis above provides a good originate point, but your prices will differ, as every driver is different .
When you compare policy quotes, make sure you select the same coverage with each insurance company so that you ‘re making a average comparison .
You should besides check what discounts are available with any given insurance company, as that will affect your final rate. For exemplify, a 50-year-old with a hanker and safe drive record will likely qualify for a dependable driver dismiss, and this discount rate may differ between companies .

How to find the best company for customer service

You ‘ll likely want an indemnity company with commodity customer service, as you could be relying on your insurance company in a meter of crisis .
One way to start your search is to read our reviews of the best cable car policy companies, which rate insurers on customer service, coverage options and price .
If you want to do your own research, you can :

  • Research J.D. Power’s insurance satisfaction study, which rates policyholders’ overall satisfaction with their insurer.
  • Look up an insurer’s complaint index at the National Association of Insurance Commissioners. This number gives you an indication of how often consumers complain about a given company, adjusted for its size.


This analysis used indemnity quotes for thousands of ZIP codes in the 10 most populate states in the U.S .
Our sample drivers were 50-year-old men and women driving a 2015 Honda Civic EX, and the drivers were single and had a clean and jerk driving record .
The policy used was a full coverage policy, including liability, comprehensive and collision indemnity. Limits and deductibles are listed below .

Coverage type

Study limits

Bodily injury liability $50,000 per person/$100,000 per accident
Property damage liability $25,000 per accident
Uninsured/underinsured motorist bodily injury $50,000 per person/$100,000 per accident
Comprehensive and collision $500 deductible
Personal injury protection (PIP) Minimum when required by state

This study included 23 insurance companies, but we only put a caller in our pace tables if its policies were available to drivers in at least three of the 10 states .
ValuePenguin ‘s analysis collected indemnity rate data from Quadrant Information Services. These rates were publicly sourced from insurance company filings and should be used for relative purposes only. Your quotes might vary from the averages in this study .

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