SummaryAging is often accompanied by reduced insulin sensitivity and cardiac dysfunction. However, the causal relationship between the two remains poorly understood. This study was designed to determine the impact of cardiac‐specific overexpression of antioxidant metallothionein (MT) on aging‐associated cardiac dysfunction and impaired insulin signaling. Contractile and intracellular Ca2+ properties were evaluated in left ventricular myocytes including peak shortening (PS), maximal velocity of shortening/relengthening (± dL/dt), time‐to‐PS (TPS), time‐to‐90% relengthening (TR90), fura‐2 fluorescence intensity change (ΔFFI) and intracellular Ca2+ decay rate. Expression of insulin receptor, protein‐tyrosine phosphatase 1B (PTP1B), phosphorylation of insulin receptor (Tyr1146) and Akt were evaluated by Western blot analysis. Aged wild‐type FVB and MT transgenic mice (26–28 months old) displayed glucose intolerance and hyperinsulinemia. Cardiomyocytes from aged FVB mice exhibited prolonged TR90 and intracellular Ca2+ decay associated with normal PS, ± dL/dt, TPS and ΔFFI compared with those from young (2–3 months old) mice. Western blot analysis revealed reduced Akt expression and insulin (5 mU g−1)‐stimulated Akt phosphorylation, elevated PTP1B expression and diminished basal insulin receptor tyrosine phosphorylation associated with comparable insulin receptor expression in aged FVB mouse hearts. All of these aging‐related defects in cardiac contractile function and insulin signaling (although not hyperinsulinemia and glucose intolerance) were significantly attenuated or ablated by MT transgene. These data indicate that enhanced antioxidant defense is beneficial for aging‐induced cardiac contractile dysfunction and alteration in insulin signaling.