Best Car Insurance for 60 year olds

Seeking car insurance for your sassy 60s?

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. And, like just your 50s, you also start to see the insurance company's appreciation for your mature driver status with a significant reduction in your premium. But for the full discount, there are some key concepts to understand to better navigate your swinging 60's. Let's get to it: car insurance for your sassy 60s.

How much do 60-year-olds pay?

On average, 60-year-olds pay $1,185 per year for auto insurance which is $205 less than 70-year-olds but still $33 more than 50-year-olds. While the previous decade of drivers (50-year-olds) pay the least amount, you should take some comfort in the idea that when you take your first step into your 60s, you’re paying the second least for car insurance of any decade. The reason for this decreased premium is simply reflective of how your insurance company sees you as a client. 60-year-olds are more stable as both individuals and drivers, which amounts to safer investment for an insurance company. As a result, your insurance company will reward you with this insurance rate. Small victories, right?
Age Group Avg. Annual Premium
60 $1,146
61 $1,150
62 $1,155
63 $1,161
64 $1,169
65 $1,189
66 $1,282
67 $1,213
68 $1,224
69 $1,235

How your policy changes


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

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. For more information on the ins and outs of RV insurance, click the link.

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.

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.

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 straight forward. 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.

Your 60s: what to take away.

Your 60s are a time for leisure and relaxation. Selling your house and moving into a condo, an RV, or onto a boat are fun and great ways to not only enjoy your retirement and but save some bucks. And while this time is one of insurance savings, you shouldn't be at a standstill with your insurance company. At any age, you should be shopping for insurance every 6 months in order to ensure you're getting the best rate. That's where we come in