At What Age Do Your Car Insurance Rates Decrease?
While car insurance premiums fluctuate based on numerous factors, including driving history, vehicle type and location, age is a significant factor used to help determine rates.
Age and Car Insurance Rates
The driver’s age is typically associated with driving experience and risk. Statistically, older drivers are less likely to file claims than younger and less experienced drivers.
Between the ages of 18 and 19, many drivers notice decreased auto insurance rates, assuming they haven’t been convicted of moving violations.
Auto insurance premiums typically drop for one of three reasons:
You gain driving experience past the age of 18.
You haven’t had a moving violation or accident in three to five years.
You switch insurers.
How to Lower Your Auto Insurance Premiums
Auto insurance rates are rising, even for drivers who haven’t made a claim or had moving violations added to their driving records. The best way to potentially lower your auto insurance premiums is to work with your agent to shop around for favorable rates.