How much is car insurance for 70-year-old drivers?

Younger drivers pay more for car insurance due to a lack of experience behind the wheel, and then rates go down with age and experience. On average, female 70-year-olds pay $1,821 a year for coverage. Male 70-year-olds pay an average of $1,861. However, factors such as location, driving record, and gender also significantly impact rates.

While age is a significant factor in determining car insurance rates, gender is also considered in most states. Males typically face higher insurance rates than females, largely due to a statistically proven tendency to take more risks and sustain more injuries.

If you live in California, Hawaii, Massachusetts, Michigan, North Carolina, or Pennsylvania, car insurance companies can't use gender to determine rates.

GenderAverage annual premiumAverage monthly premium
Male$1,861$155
Female$1,821$152

Average car insurance for 70-year-old drivers by company

Nationwide has the cheapest rates for 70-year-olds at an average of $1,439 a year, and Travelers is second at $1,564 a year.

While one insurance company may consider age the determining rate factor, another may consider driving records more critical. By comparing coverage and rates from multiple companies, you can find the best deal for 70-year-olds, helping to reduce your insurance costs.

The table below compares average car insurance rates for 70-year-olds by company.

CompanyAverage premiumAnnual premium for maleAnnual premium for female
Nationwide$1,439$1,473$1,404
Travelers$1,564$1,613$1,515
GEICO$1,770$1,780$1,760
State Farm$1,838$1,838$1,838
Progressive$1,977$2,001$1,952
Farmers$2,295$2,346$2,243
Allstate$2,430$2,445$2,415
USAA$1,378$1,394$1,362

Best car insurance for 70-year-old driver

We've compared top insurance companies to see which offers the best coverage for 70-year-old drivers. Our analysis shows that Travelers is the top pick overall with average rates of $1,564. Nationwide is our second pick.

Company nameAM BestNAICSurvey scoreAverage annual premiumInsurance.com score
TravelersA++0.524.41$1,5644.63
NationwideA0.634.52$1,4394.6
Auto-OwnersA+0.544.42$1,5304.58
Erie InsuranceA+0.894.47$1,5154.56
GEICOA++0.694.43$1,7704.45
State FarmA++0.794.52$1,8384.42
ProgressiveA+0.714.4$1,9774.19
American FamilyA0.343.99$1,7954.14
AmicaA+0.754.68$2,3094.03
FarmersA0.864.41$2,2953.83
AllstateA+1.14.36$2,4303.75
USAAA++1.184.71$1,3784.76

Average car insurance for 70-year-olds by state

States require different amounts of car insurance, which influences the cost of coverage. Because of this, 70-year-old rates can vary widely by location. Maine is the cheapest state of for male drivers at $1,149 a year. The most expensive state is Louisiana at $2,725 a year.

For female 70-year-old drivers Maine is the cheapest state at an average rate of $1,125 annually. Louisiana is the most expensive for females at $2,724 a year.

Check out the table below to see average car insurance rates for 70-year-olds in your state.

StateAverage annual male premiumAverage annual female premium
Alaska$1,725$1,664
Alabama$1,847$1,774
Arkansas$1,925$1,848
Arizona$1,842$1,783
California$2,416$2,416
Colorado$2,325$2,312
Connecticut$1,792$1,776
Washington, D.C.$2,187$2,142
Delaware$2,054$2,096
Florida$2,665$2,569
Georgia$2,026$1,990
Hawaii$1,517$1,517
Iowa$1,471$1,422
Idaho$1,401$1,337
Illinois$1,510$1,477
Indiana$1,483$1,429
Kansas$1,740$1,665
Kentucky$2,210$2,155
Louisiana$2,725$2,724
Massachusetts$1,501$1,501
Maryland$1,831$1,773
Maine$1,149$1,125
Michigan$2,299$2,299
Minnesota$1,803$1,784
Missouri$1,884$1,839
Mississippi$1,987$1,897
Montana$2,103$2,057
North Carolina$1,741$1,740
North Dakota$1,663$1,463
Nebraska$1,720$1,697
New Hampshire$1,322$1,298
New Jersey$1,990$1,946
New Mexico$2,048$1,986
Nevada$2,108$2,166
New York$1,899$1,880
Ohio$1,432$1,384
Oklahoma$2,085$2,012
Oregon$1,669$1,632
Pennsylvania$1,833$1,833
Rhode Island$2,133$2,129
South Carolina$1,994$1,950
South Dakota$2,003$1,912
Tennessee$1,686$1,597
Texas$1,922$1,872
Utah$1,898$1,842
Virginia$1,533$1,454
Vermont$1,274$1,265
Washington$1,681$1,644
Wisconsin$1,640$1,562
West Virginia$1,941$1,907
Wyoming$1,774$1,717

Average car insurance cost vs. teens

As you age and gain more driving experience, car insurance rates decrease. For example, rates for a 25-year-old are significantly cheaper than at 16 years old.

The table below shows average car insurance rates for various age groups, so you can see how rates for 70-year-olds compare to drivers at other ages.

Company GroupTeens (16-19)Young Adults (20-24)Adults (25-60)Seniors (65-75)
Allstate$7,437$3,754$2,509$2,477
Farmers$8,348$3,602$2,336$2,290
GEICO$5,049$2,647$1,776$1,787
Nationwide$5,285$2,556$1,533$1,456
Progressive$7,174$3,242$2,009$2,000
State Farm$5,368$3,179$1,985$1,858
Travelers$4,834$2,476$1,615$1,590
USAA$4,385$2,159$1,406$1,400