Car Insurance For Over 50-Year-Olds

If you are aged between 50 and 59 and haven’t compared car insurance policies recently, it could be a good time to review your options and look for a provider that rewards your experience.

People who have hit the big half-century have most likely had plenty of experience behind the wheel and insurers are likely to recognise this by offering lower premiums.

The graphic below shows the difference in premiums the average person over 50 can expect to pay in Australia, compared to the average person in their 20s.

We have put together a list of our highest-rated car insurance policies for over 50s to help you compare premiums or find a policy with better features.

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Our 10 best car insurance policies for over 50s

The table below shows the top 10 car insurance policies for people aged between 50 and 59, sorted by Star Rating. Note this table is based on a male driver in New South Wales aged between 50 and 59, with no cover for an extra driver under 25.

Is over 50s car insurance the same as seniors car insurance?

No, seniors car insurance is not the same as over 50s car insurance. While people aged between 50 and 60 tend to pay lower premiums, seniors aged 60+ can pay more given generally this age group is prone to more health problems such as:

  • Impaired hearing and vision
  • Slower reaction times
  • Physical problems like arthritis and heart issues
  • Use of prescription medicines.

Generally, premiums start to rise once you reach 60 as insurers tend to spend more on claims from older drivers. Fortunately, there are some providers that offer specialised policies for seniors, such as:

While you may not be a senior yet, you should be aware of the current state laws regarding senior drivers in Australia. Note that while this information is correct at the time of writing, these laws are subject to change, so be sure to also check your state’s transport page.

New South Wales

People aged between 75 and 79 need to complete a medical review every year to keep their licence. When you turn 85 you must also complete a driving assessment every two years, or drive under a restricted licence.

Victoria

Drivers in Victoria who are 75 or older need to renew their licence every three years but can self-assess their physical wellbeing.

Queensland

Drivers who turn 75 must carry a ‘Medical Certificate for Motor Vehicle Driver’, which is valid for a year.

Tasmania

Drivers are encouraged to self-assess their ability to drive but have to renew their license every five years once they turn 65.

Western Australia

Once you turn 80 you’ll be required to undergo a yearly medical check to ensure you’re fit to drive.

South Australia, Northern Territory, ACT

In these states, you simply have to pass a medical exam when you go in to renew your licence.

If you’re between 50 and 59, you could have a great opportunity to leverage your years of experience on the roads with cheaper car insurance. To better understand your options, compare policies with help from Canstar:

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