The collision occurred at around 7.10pm and involved a black Range Rover Evoque.
A police spokesman via Facebook said: “We are appealing for witnesses after a road traffic collision that occurred on the B1253, near Langtoft, on Sunday.
“The passenger was sadly pronounced deceased at the scene.
“His family have been informed and are being supported by specially trained officers at this difficult time.
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“The driver remains in hospital with serious injuries.
“We’re asking anyone that may have witnessed the collision, who saw the vehicle prior to the collision, or has dashcam footage from the area at the time, to please call 101 quoting log number 512 of 24 July 2022.”