Average Cost of Car Insurance


Average Car Insurance Cost

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Average Car Insurance Rates by Age

Your age can have a huge effect on your insurance rates, so it is a good idea to understand at least a little bit about average car insurance rates by age. As we age, we are seen as more responsible, and insurers will give better rates to those who are more mature. Teenagers have the worst rates going, as they have no driving background and are considered to be insurance risks. Statistics show that young drivers have the highest number of reported accidents. Of course, no matter what your age, there are things you can do to lower your insurance rates so you can get the coverage you need.

How Does Age Affect Insurance Rates?

At different ages, we are at different levels of maturity, and this can greatly affect your rates. For example, if you are a teenager, you can expect to have a high rate. But, if you take driver’s training and get good grades, many insurance companies will offer discounts on the premiums. Here is a general breakdown of how average car insurance rates by age are determined: Average Car Insurance Rates by Age

  • Below 25 – If you are not a teenager, but are under the age of 25, you will still be considered high risk, and your premiums may be high. If possible, try to get listed on your parents’ insurance to save some money. If you do decide to have your own insurance, don’t expect your premiums to start going down until you are in your late twenties.
  • 26-54 – If you have a good driving record, you should start to see your insurance rates going down a little bit. You still are not going to receive the lowest rates available, and there are other factors besides age that will determine your rate. For instance, if you are male, you are going to pay a higher premium than a woman of the same age. Other factors that are used in deciding your rate include credit scores, whether or not you are married and if you have made past insurance claims.
  • 55-64 – At this point in your life, you will be considered to be a low risk, and your insurance rates will reflect this. This is because you have had many years of driving experience, and hopefully you are not as reckless as you might have been in your younger years. This is the age group that sees some of the best insurance rates and even more ways to save money.
  • Over 65 – Now you are considered to be an insurance risk again. This is because your skills may not be as sharp as they once were. Your vision may be worse. You may have other health issues that can affect your driving. All of these things will be taken into consideration when you are trying to get auto insurance, and in some cases, insurers will refuse coverage and even drop clients.

We can get you quotes from a variety of insurers in your area. This way you can be sure that you are getting the best average car insurance rates by age.