For drivers, age can be a crucial factor in auto insurance rates. Studies show that younger drivers are part of higher accident rates than older drivers. According to the CDC, they are more inexperienced and prone to excessive speed, alcohol use, or night driving.
On top of that, insurance premiums are the highest for drivers between the ages of 16-25. If the person has a clean record, the rates will drop significantly.
What Age Does Auto Insurance Rate Go Down
Insurance companies often reward their customers with a rate decrease when they reach a particular milestone in their young adult life. For example, getting married or buying a house can get the person a premium decrease. Keep in mind that the rate only decreases if you play your cards right.
Also, reaching the age of 25 won’t guarantee a lower rate. The driving records must remain free from accidents, no traffic violations, and an outstanding credit rating to get a lower premium. Nevertheless, people can still speak with their insurance agents to determine if they are qualified for a better rate. Shopping around for a better amount may also be an option.
Save Money on Auto Insurance
No matter your age, it is always a good idea to search for ways to save auto insurance money. Younger drivers can get a discount for being good students. Meanwhile, senior citizens who complete a safe and clean driving course are also eligible for discounts.
Although it may seem unfair that insurance companies charge differently based on one’s age, statistics have proven that younger and older drivers have more accidents than others do. It is best to maintain a spotless driving record during the first ten years on the road by avoiding accidents and traffic violations.
Besides, paying bills on time can reduce your premium. Regardless of age, drivers should shop around for the best available rates and take advantage of discounts and driving courses if they can.
At Brad Spurgeon Insurance Agency Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (409) 945-4746. You can also request a free quote by CLICKING HERE.