How does your age affect car insurance? Well, auto insurance rates are based on various different criteria, one of which is your age. Something car insurance companies use when setting rates for coverage is age. If you want to save money on auto insurance, it is necessary to know what guidelines car insurance companies use when it comes to your age.
If you are under 25 (a young driver), car insurance will likely be more expensive. This is due to insurance companies having to take a big risk on covering new, young drivers with very little driving experience. These companies must rely on statistics to keep them informed about risks regarding drivers of all age brackets. Younger drivers tend to fall into higher risk categories because of the higher number of accidents and tickets that occur among younger drivers.
If you are ages 25 to 59, you are in the mid-aged category and your insurance premiums will be significantly less expensive. Statistically, this age group has fewer reported accidents and tickets. This is likely due to multiple reasons. One of which is that driving a family car is s common occurrence among this group. Family cars usually mean driving slower than the younger group, which tend to drive faster cars. A greater focus on family and safety is another. Also, this group has more driving experience.
After age 59, auto insurance rates will begin to increase again. Drivers in this group are more likely to be involved in accidents, statistically. This is due to their health, both mental and physical, being in a state of decline. Their reflexes and eyesight are also declining which causes slower reaction time. The rates for this age group may often be similar to the insurance risk rates of younger drivers. These drivers do have the option to prove competence in their driving and can complete driver’s education and/or defensive driving, all of which may help save on the increasing rates of car insurance for this age group.



