How Age Impacts Your Auto Insurance Premiums

Did you know that your age significantly affects how much you pay for auto
insurance? Unfortunately, you can’t control aging, but you can learn how it affects
your car insurance rates and how to reduce those costs.
How Age Impacts Car Insurance Cost

Experienced drivers tend to be less risky, as they are less likely to get into accidents,
drive recklessly, or speed. On the other hand, teenagers and new drivers lack the
experience that comes with time on the road, which is why they often pay more for
insurance. Here are some key points to keep in mind:

● Drivers under 21 are generally considered a higher risk than their older

● Young male drivers face the highest risk level and, consequently, the highest
auto insurance rates.
● Insurance rates tend to decrease once drivers reach their mid-20s, especially
if they’ve managed to stay accident-free.
● By age 25, most drivers, regardless of gender, settle into adult rates that
remain relatively stable throughout their driving years.
● Older drivers may see their insurance rates increase if they continue to drive
and experience accidents, which could be linked to vision problems or
reduced reaction times.

It’s undeniable that age plays a role in determining your auto insurance premiums,
but it’s important to remember that other factors often carry more weight. So reach
out to your agent to learn how to save money by tailoring a policy that accurately
reflects your risk level.

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