Car insurance is an important part of life for drivers of all ages. Young drivers, in particular, are often faced with high premiums due to their lack of experience and higher risk of accidents. However, there are ways to reduce the cost of car insurance for all ages. Farm Bureau, Erie and USAA offer the cheapest rates for drivers aged 18.These companies have average rates that are 47% cheaper than the general average for drivers of that age.
As drivers get older, they become less likely to be involved in car accidents and file claims, so their rates decrease. State Farm's average car insurance rates drop by about 13% between ages 24 and 25, and in Progressive, they drop by about 11%. Most states allow insurers to use driving experience as a factor in determining rates, so car insurance for new drivers can be expensive regardless of their age. However, teens can lower their premiums if they take advantage of good student discounts and defensive driving courses, and if they practice safe driving techniques.
The exact cost of car insurance for a 16-year-old also depends on a few other factors such as their driving history, gender and type of vehicle. Once you turn 25, you will no longer be part of the at-risk age group, so if you drive safely and there are no violations or accidents in your history, your rates will decrease. Quotes for teenagers are three times more expensive than contributions for drivers over 30 and about four times more expensive than contributions for drivers over 50. Maintaining good grades (for young drivers who are still in school) and taking defensive driving courses can save drivers up to 10% on their car insurance costs.The cost of insurance for a car depends on its safety ratings, the likelihood that it will be stolen, and the average repair costs for that model of car, among other factors.
The average car insurance costs for women and men are slightly different, but drivers of all genders will see their rates drop as they approach age 25.Car insurance is an important part of life for all drivers. By understanding the factors that affect car insurance rates and taking advantage of discounts available to them, drivers can save money on their premiums regardless of their age.