Best Car Insurance for 60-Year-Olds

Learn how to find affordable car insurance in your 60s.

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What's the best car insurance for 60-year-olds?

From a financial perspective, your 60s can be a time of great flux. Lots of people retire, sell their homes, buy a boat or RV to travel, and start to get those coveted retiree car insurance discounts. All of which have major insurance implications. On average, drivers in their 60s pay $1,325 for car insurance annually or about $662 for a standard 6-month policy. While this is still less than the average driver, let's outline some cost-cutting solutions for driving in your 60s.

average 6-month premium by age


Cheapest car insurance company for 60-year-olds

Because 60-year-olds are seen as responsible drivers, they pass less than the average driver in the US for car insurance. They are typically married, homeowners, and have good driving experience. All of these rating factors are viewed positively to an insurance company. On average, this age group pays $683 less per year than the average American.

Car Insurance Company6-Month Premium
21st Century$575
Liberty Mutual$820
State Farm$702


USAA's $436 is over $200 less than the group average for car insurance. Still, not everyone will qualify for this company. Nationwide, while $84 more per 6-month policy period than USAA, does not have as many membership requirements. If you're interested in a quote from either of these companies, enter your zipcode below to get started!

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How your policy changes after major life events


With all other elements constant, retiring doesn’t affect your car insurance, as “employment status” isn’t a factor in your rate. If you are able to retire one day, your car insurance will not immediately spike or decrease the next day. That being said, the age of retirement marks a shift in your lifestyle. You're no longer working a 40-hour week and your time can be spent with other activities. Let's explore how your change in lifestyle can impact your auto insurance. Starting first with exploring other lines of insurance.


Adding additional lines of insurance

The bottom line from this section is: keep all your insurable assets within the same company. This way, you can earn a multi-policy discount. Let's explore and offer some quick policy advice regarding these lines of insurance.

RV insurance

Lots of retirees trade the office and home life for the open road, which is best paired with a recreational vehicle, or RV. Owning an RV is a whole new beast of insurance which you can usually still get from most insurance companies. They will refer to it as a "specialty line policy." Your RV insurance will have certain elements of your car insurance as well as your homeowners insurance would have. Plus, if you keep your car and insure your RV through the same company, you’re likely qualified for a multi-policy discount. Learn more about RV insurance.

Quick tip: The average cost to insure a motorized RV is between $500 and $600, or $200 to $300 for a nonmotorized trailer.


Condo insurance

If an RV isn’t in your wheelhouse but you still want to downsize, you might consider the convenience of a condo. A condo, quite simply, is a combination of a renters and homeowners policy. It protects everything within your unit and provides you liability coverage, but leaves the outside area to the condo association to insure. Just like when you had a house, your condo and car insurance offer you the same (although, the amount varies) multi-policy discount. Check here for more insurance on condo insurance.

Quick tip: You can save $113 a year on your car insurance by bundling with a condo policy.

Boat insurance

Unless you have a small canoe, most boats will require and an additional line of insurance. Like your RV, your boat falls into the bucket of a "specialty line policy". Your body policy is broken down much like your car and homeowners policy and is discussed more in length with our boat insurance page. If you own a boat and a car, insuring them with the same company is a great way to save some bucks.

Quick tip: While the value of your boat will heavily influence, boat insurance can range from $300-$500 per year.

Senior discounts

Mature driver discount

In addition to adding other lines of insurance, your 60s bring new forms of discounts for your auto insurance. Starting with what’s called a "mature driver training course" discount, this discount is pretty straightforward. Those who are older than 55-year-olds are eligible for state-approved, senior driving courses which cover topics ranging from safe driving strategies to the new use of technology while driving. While you can access these courses through AARP, AAA, and the National Safety Council, you should consult with your current insurance company prior to signing up to see if they offer the discount.

Membership discount

A membership discount refers to the discount you receive just by belonging to organizations like AARP. The amount and prevalence of the discount vary by company, so you’ll have to consult with your personal insurance company for details.

Low-mileage discount

If you’re retired and not driving to and from work as often, you should look into a low-mileage discount. Basically, insurance companies see low-mileage drivers as less likely to be in an accident and thus provide them with a discount. Like a membership discount, you need to consult with your insurance company for exact specifications. Another option to consider if you're a low mileage driver is usage-based insurance. While it varies by company, this creates a car insurance premium based on how you drive. So, if you're a safe driver who also doesn't drive that often, this can be a great option for you. Most of the companies we mentioned above offer some type of usage-based insurance option.


Additional resources

If you're looking for additional information relating to car insurance, see our related articles below.

Ava Lynch LinkedIn

Ava worked in the insurance industry as an agent for four-plus years. Currently providing insights and analysis as one of The Zebra’s resident property insurance experts, Ava has been featured in publications such as U.S. News & World Report, GasBuddy, and Yahoo! Finance.