How Much Is Car Insurance For A 70-Year-Old?

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Written by
Bob Phillips
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You’ve come to this thorough guide to car insurance for 70-year-olds. If you seek detailed, current, and actionable information to help you select the right car insurance coverage, you’ve come to the right place. As someone who previously worked as a licensed casualty and property insurance agent, I’ve assisted many people trying to figure out vehicle insurance. I can help you as well.

In this guide, we’ll check out the average expense for car insurance for a 70-year-old. We’ll dig deep and assess the things that impact these expenses and offer insights to help you reduce your car insurance premiums. Keep this in mind – this isn’t a guide aimed at selling you a car insurance policy. Instead, it’s about giving you the information you require to select the right coverage for your needs.

Another thing to reflect on is that the numbers I’ve quoted below are average figures. The actual expenses for you will depend on various things like the insurer, location, credit score, driving history, and gender.

Key Takeaways

  • 70-year-olds can purchase liability coverage for $695 annually

  • The most essential factor in purchasing vehicle insurance is comparing three or more quotes

  • There are many ways for 70-year-olds to slash their car insurance rates

How Much Is Car Insurance For A 70-Year-Old?

Car insurance for a 70-year-old depends on things such as the coverage type, driving history, and gender. A 70-year-old can expect to pay anywhere from around $695 annually for minimum coverage to about $1,705 annually for comprehensive coverage.

Grasping the cost for vehicle insurance for a 70-year-old is essential since it can have a great impact on your financial wherewithal. You must also keep in mind that insurance premiums are not uniform. They depend on things like driving history, coverage type, and gender.

The financial gap between minimum coverage and comprehensive coverage insurance premiums underscores the necessity of understanding what each policy includes and excludes. Minimum coverage might, because of the lower cost, seem the most desirable. But if you must file a claim, you might wish you had full coverage. Full coverage, meanwhile, affords thorough protection against vandalism, accidents, theft, and damage stemming from natural disasters.

On a bright note, there are things you can do to slash your monthly premiums. Maintaining a good driving record and taking advantage of discounts afforded by insurers can significantly slash your car insurance expenses. It’s also a great idea to compare rates from various insurers so that you know you’re getting the best deal possible.

How much is car insurance for a 70-year-old – by gender?

Knowing the cost of vehicle insurance is an important step, and that’s no less the case if you’re a 70-year-old driver. Several factors influence these costs. One of them is gender. #

Car insurance premiums are usually different between men and women because of perceived risk factors connected to each gender. Let’s examine the specific expenses connected to car insurance for 70-year-old male and female motorists.

Coverage Type Average Annual Cost for Male Average Annual Cost for Female
Minimum Coverage $712 $687
Full Coverage $1,734 $1,714

How much is car insurance for a 70-year-old – by state?

Car insurance rates can fluctuate for drivers of any age. The state you live in is one of the factors that can impact your costs. After considering various sources, I’ve compiled a thorough comparison chart demonstrating the average vehicle insurance rates for a 70-year-old by state.

State Average Annual Full Coverage Premium for 70-Year-Old Motorists
Alabama $1,450
Alaska $1,413
Arizona $1,483
Arkansas $1,353
California $2,205
Colorado $1,795
Connecticut $1,799
Delaware $2,013
Florida $1,583
Georgia $1,583
Hawaii $1,293
Idaho $1,024
Illinois $1,175
Indiana $1,192
Iowa $1,215
Kansas $1,391
Kentucky $1,820
Louisiana $2,490
Maine $1,015
Maryland $1,592
Massachusetts $1,175
Michigan $2,091
Minnesota $1,405
Mississippi $1,415
Missouri $1,793
Montana $1,604
Nebraska $1,873
Nevada $2,005
New Hampshire $1,295
New Jersey $1,920
New Mexico $1,483
New York $2,180
North Carolina $1,305
North Dakota $1,208
Ohio $997
Oklahoma $1,645
Oregon $1,238
Pennsylvania $1,213
Rhode Island $1,817
South Carolina $1,955
South Dakota $1,374
Tennessee $1,304
Texas $1,827
Utah $1,420
Vermont $1,093
Virginia $1,230
Washington $1,232
Washington, D.C. $1,910
West Virginia $1,526
Wisconsin $1,281
Wyoming $1,583

Keep in mind that the figures above represent averages. Your rates will depend on various factors.

How much is car insurance for a 70-year-old – by credit score?

While exact rates by credit score aren’t usually published by insurance providers, it’s a well-known fact that credit scores influence car insurance rates. A low credit score can translate into loftier insurance premiums, while a high credit score can translate into lower insurance premiums. Forbes says that auto insurance premiums may climb by 76% on average based on credit scores.

Credit Tier Avg. Annual Premium for 70-Year-Olds
Poor $2,240
Fair $2,215
Good $1,840
Very Good $1,795
Excellent $1,706

Cheapest car insurance companies for a 70-year-old

When seeking the most cost-effective vehicle insurance for 70-year-olds, some insurers stand out from the rest for their thorough policies and competitive premiums. When you’re an older driver, it’s essential to balance quality coverage with affordability to get the necessary protection.

Don’t forget, however, that your monthly premium will be based on factors like your credit score, driving record, and the sort of vehicle you drive. Here’s a look at some of the cheapest rates offered by insurers for 70-year-old drivers.

Company Monthly Rate
USAA $78
Erie $89
Auto-Owners $93
American Family $97
State Farm $101
Progressive $127
Travelers $128

How much is car insurance for a 70-year-old – by vehicle

As a 70-year-old, your car insurance rates will start to creep upwards. The reason for this is that at around that age you might start to experience issues with your eyesight and hearing. As you probably already know, the sort of vehicle you drive can substantially impact your insurance expenses.

From safety ratings to repair or replacement costs, different factors come into play when determining car insurance premiums. Grasping how your vehicle type impacts your premiums can help you decide what vehicle to drive or buy.

Vehicle Type Average Annual Premium for 70-Year-Olds
Sedan $1,824
Hybrid $1,947
Luxury $2,021
SUV $1,834
Truck $1,613
Van $1,688

How much is car insurance for a 70-year-old – by age

You’ll see in the following table that young motorists usually pay the highest premiums due to their inexperience behind the wheel and higher risk profile. As motorists get older and gain further experience, insurers usually lower their rates.

Those rates are typically lowest when drivers reach middle age. But the rates start to go up again as motorists get into their senior years. This reflects the extra risks connected to getting older.

Age Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
22 $1,104 $3,824
35 $631 $1,904
40 $613 $1,974
50 $593 $1,793
60 $583 $1,758
70 $673 $1,814

How to save money on your car insurance as a 70-year-old

As a 70-year-old driver, you’ll likely start to see your car insurance steadily climb in value. The reason, as has been mentioned before, is that that’s the age where you might start to experience issues like hearing and eyesight. But there are various things you can do to reduce your car insurance rates and save your hard-earned money. Consider these five methods to do so:

1. Keep Your Driving Record Clean

Maintaining a clean driving record is an effective way to lower your monthly premiums. You’ll want to steer clear of accidents, avoid traffic citations, and avoid getting behind the wheel after drinking. Insurers usually offer discounts to people with no claims.

2. Look Around for the Best Prices

It’s always in your best interests to shop around and get quotes from several insurers. Insurers have different ways to work out premiums, so prices can vary substantially among insurers. By obtaining several quotes from different insurers, you can find the right deal.

3. Take Advantage of Multi-Vehicle Discounts

If you own multiple vehicles or live with people who do, loom into multi-vehicle discounts. Some insurers offer reductions to customers who insure more than one car under a single policy.

4. Regularly Review Your Coverage

As you get older, your coverage needs will change. That’s why it’s a good idea to review your car insurance policy annually or after significant life events that might impact your coverage needs. Doing this will ensure you’re not unnecessarily paying for things you don’t need and have the coverage you do need.
By doing these five things, you can cut your car insurance expenses and have more money for other things. It’s vital to be proactive if you want to convince insurers you’re a low-risk motorist.

5. Enroll In a Defensive Driving Course

Taking a defensive driving course is also a good idea if you want to save money on your car insurance. You’ll become a better driver, but you’ll also get a discount if you demonstrate that you’ve successfully completed a legitimate defensive driving program. Insurers realize that people who complete such courses are likely to be safer on the road.

How to buy car insurance as a 70-year-old

It can be stressful to purchase car insurance. But with the right know-how and strategy, you’ll see the process need not be difficult at all. In fact, you might find that it’s fun. Consider these seven steps that’ll guide you through the process of purchasing car insurance for a 70-year-old.

1. Gather Your Information Together

Get all your documents and information together before calling insurers for quotes. So, ensure you have your driver’s license number, information about your driving history, and your VIN.

2. Maintain a Good Driving Record

You’ll want to have a stellar driving record to ensure lower-than-average insurance premiums. If you can avoid at-fault collisions and traffic violations, you can enjoy better premiums.

3. Figure Out What Coverage You Need

You need to determine what type of coverage you require. And doing this before you seek out insurance will make things easier for you. Think about things like the worth and age of your vehicle, your risk tolerance, and your financial situation.

4. Determine How to Shop for Car Insurance

You can shop for vehicle insurance in various ways. For example, you can purchase it online, reach out to a company rep, or call an independent insurance agent. Each option comes with pros and cons, so the best bet is to choose the right one for you.

5. Compare Quotes

Don’t accept the first quote you get. You need more than one quote so you can compare and see which one is the best deal for you. Don’t forget that each insurer has its own unique process for calculating premiums. That’s why prices often vary widely.

6. Purchase Your Policy

After considering the quotes and choosing a policy, you need to sign on the dotted line with the insurer. Before buying a policy, however, read it through to understand what it covers and doesn’t cover.

7. Regularly Review Your Coverage

It’s not uncommon for your insurance needs to change with the passage of time. That’s one reason you should review your policy regularly. You don’t want to pay for insurance you no longer need, after all. Yet, you want to ensure you’re covered adequately if your situation warrants it.

By following the recommendation above, you’ll find that purchasing car insurance as a 70-year-old can be relatively straight-forward. You’ll get affordable rates by shopping around to see what various insurance companies have to offer.


What is the best car insurance for a 70-year-old?

Based on my professional experience, customer reviews, and comparison charts, I’m confident that GEICO offers the best options in terms of cost and comprehensiveness. It’s not just about cost-effective coverage. GEICO is backed up by many positive customer reviews. It offers many policy options, great policyholder service, and big cost cuts for safe driving and good safety features.

At what age is car insurance the cheapest?

Based on my research, the demographic that gets the lowest car insurance are people who are 50 to 60 years old. Drivers in this group are deemed low risk because of factors like driving experience.

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