Car insurance for 50s Background

Compare car insurance for drivers in their 50s

The table below shows a selection of car insurance providers that may be suitable for drivers aged 50 to 59 from our Online Partners.

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The initial results in the table above are sorted by Star Rating (High-Low) , then Provider Name (Alphabetical) . Additional filters may have been applied, see top of table for details.

About car insurance for drivers over 50

If you’re in your 50s it could be a good time to review your car insurance policy and find a provider that rewards your good driving history and experience with a lower premium.

Who wouldn’t want to save money and be rewarded for decades of being a great driver?

The four main categories of car insurance available to Australian consumers are:

  • Comprehensive car insurance
  • Compulsory Third Party (CTP) insurance / Green Slip insurance (mandatory)
  • Third party, fire and theft cover
  • Third party property damage

Once you work out which level of coverage is appropriate for your needs, you can start comparing your options for a better deal.

Frequently Asked Questions about Car Insurance for drivers in their 50s

Generally speaking, car insurance can get cheaper as you get older and into your 50s and there are a few reasons for that.

  • Your driving experience. If you’re a driver aged 50 and over then you have probably notched up a few good years of driving experience. Much like how drivers under 25 get charged higher excesses for their inexperience, if you’re in your 50s you can expect some insurers to reward your maturity and driving experience.
  • No claims discount. If you’ve had a good driving history, you may have earned a no claims discount that lowers your premium.

There are a few ways you may be able to reduce the cost of your car insurance when you’re in your 50s, especially if you are not driving as much as you used to.

For example, you could:

  • Pay as you drive policies / limited use discounts. If you’re not driving frequently, you might like to explore a ‘low mileage’ policy where you set a limit on the number of kilometres you drive in a year.
  • Increase your excess. Choosing to pay a higher excess when making a claim reduces the cost of your premium. Make sure you’re able to pay the higher excess amount if needed.
  • Buy your cover online. Some insurers offer a discount if you buy your car insurance via their website.

Bear in mind that these methods are lender-specific, so you’ll need to research and compare offers for the best deal.

There are some insurers who specifically target people aged 50 and over with deals for car insurance – such as Apia, Over Fifty Insurance, Australian Seniors and others. They may be worth considering but you should also check out other insurers to see what deals you may be able to get.

You can generally make significant savings if you restrict the minimum age of any other driver on a comprehensive car insurance policy, or exclude them altogether.

The Insurance Council of Australia’s Understanding Insurance website says limiting the number of drivers you nominate on your policy, especially if they’re under 25, can help reduce your premium.

“Young drivers are usually charged a higher premium because insurers have to pay more claims involving young drivers than experienced ones,” it adds.

Canstar has looked at the average cost of comprehensive car insurance premiums across the different states in Australia, broken down by various driver age profiles.

What savings you may make by restricting other drivers will vary based on the state or territory your car is registered and insured in, and the age restriction. You can check with any potential insurer to see what savings you may make.

What can be considered the right car insurance for you in your 50s will depend entirely on your needs and circumstances. To help you figure it out, we’ve compiled a list of highly rated products based on Canstar’s Car Insurance Star Ratings.

While price is an important factor in selecting a car insurance policy, a cheaper premium shouldn’t be the only factor. It can be a good idea to read the product disclosure statement (PDS) of the insurance products you may be considering to understand the cover on offer and whether it will meet your needs.

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About our car insurance experts

Nina Rinella, Editor-in-Chief

Nina Rinella
As Canstar’s Editor-in-Chief, Nina heads up a team of talented journalists committed to helping empower consumers to take greater control of their finances. Nina has written countless articles about finance and has been interviewed on finance topics by media organisations including The Australian, Realestate.com.au, Domain, the Herald Sun and the Sydney Morning Herald. Previously Nina founded her own agency where she provided content and communications support to clients around Australia for 8 years. She also spent four years as the PR Manager for American Express Australia, and has worked at a Brisbane communications agency where she supported dozens of clients, including Sunsuper and Suncorp. When she’s not dreaming up ways to put a fresh spin on finance, she’s taking her own advice by trying to pay her house off as quickly as possible and raising two money-savvy kids. Nina has a Bachelor of Journalism and a Bachelor of Arts with a double major in English Literature from the University of Queensland. She’s also an experienced presenter, and has hosted numerous events and YouTube series. You can follow her on LinkedIn, Instagram or Twitter and Canstar on Facebook. Meet the Canstar Editorial Team. Have a media enquiry, and interested in featuring Nina as a financial expert and commentator? Contact Canstar’s Media Team today.

Joshua Sale, Group Manager, Research & Ratings

Joshua Sale

As Canstar’s Ratings Manager, Josh Sale is responsible for the methodology and delivery of Canstar’s Car Insurance Star Ratings and Awards. With tertiary qualifications in economics and finance, Josh has worked behind the scenes for the last five years to develop Star Ratings and Awards that help connect consumers with the right product for them.

Josh is passionate about helping consumers get hands-on with their finances. Josh has been interviewed by media outlets such as the Australian Financial Review, news.com.au and Money Magazine.

You can follow Josh on LinkedIn, and Canstar on Twitter and Facebook.


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Important information

For those that love the detail

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.

Canstar may earn a fee from its Online Partners for referrals from its website tables, and from sponsorship or promotion of certain products. Fees payable by product providers for referrals and sponsorship or promotion may vary between providers, website position, and revenue model. Sponsorship/promotion fees may be higher than referral fees. If a product is sponsored or promoted, it’s an ad and it is clearly marked as such. An ad might appear in different places on our website, such as in comparison tables and articles. Ads may be displayed in a fixed position in a table, regardless of the product's rating, price or other attributes. The location of an ad doesn’t indicate any ranking or rating by Canstar. Payment of fees for ads does not influence our Star Ratings. See How We Get Paid to find out more.

The Car Insurance Star Ratings were awarded in June 2023 and data in the table is current as at that date, updated from time to time to reflect product changes notified to us by product issuers. The results don’t include every provider in the market and we may not compare all features relevant to you. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Learn more about our Car Insurance Star Rating Methodology. The rating shown is only one factor to take into account when considering products.

The products and Star Ratings in the table might not match your exact inputs in the selector. Sometimes the methodology uses profiles with categories or bands (e.g. income, loan amount or monthly spend), but sometimes a single methodology, without any categories or bands, is applied. The results will show the products that most closely match your selection, based on our profiles. If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

From 5 October 2021, TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.

Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Canstar is not providing a recommendation for your individual circumstances. If you decide to apply for an insurance policy, you will deal directly with the provider, not with Canstar.   It’s important you check product information directly with the provider. Consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the PDS and TMD. For more information, read our Detailed Disclosure.

If you are seeking to replace an insurance policy, you should consider your personal circumstances, including continuing the existing cover until the replacement policy is issued and cover confirmed. Your current policy may have different features to products currently on the market. Please consider what features are right for you when comparing insurance products and refer to the provider for further details on a policy.

Companies listed in the table, or in ads, may use or be used by another company to arrange, issue, distribute or sell its insurance policies to customers. For more information on the issuer of the policy, please read the Product Disclosure Statement.