Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
In California age is not a criterion for auto insurance. Driving experience is the criterion that is used. In the states that do use age, there is an age when premiums decline. This is because statistical evidence shows that the cost of insuring drivers over a certain age drops dramatically. It is also true that many companies increase their rates a bit as drivers get older or have even more experience.
That is a great question! The rates for auto insurance are based on a great number of things, and age is one of them. The data from the Insurance Institute of Highway Safety shows that statistically, drivers tend to be safer once they reach the age of 25. Being married, how long you've been driving, even your gender can all be factors in the rates. So some companies may lower your rate after your 25th birthday, but some may not. There are just about as many factors that determine your rate increase or decrease as there are companies selling the insurance. If yours doesn't, then shop around and see if there is one that is cheaper. Good luck, and thanks for asking!
Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
Many companies drop your car insurance rates when you reach age 25. You may also see rate reductions at age 19 (assuming three years of driving experience), age 30 and when you get married. Additionally, at age 55, often a rate reduction is applied to your policy.
Each company is different so it's important to correctly shop for the best prices.
Live answer provided by: Ed Harris - Experienced auto insurance broker (33 years) and owner of top-rated website offering free quotes.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
They might, but it of course depends upon the company and the driver's record. Each insurance company files their rates and underwriting guidelines with each state's Insurance Department, who then approves them for use in that state. If the guidelines as filed and approved for your company include a rate adjustment resulting in a lower base premium for drivers aged 25 and above, than more than likely you will see a reduction barring any other circumstances.
.JPG){kind=avatar}
Each company is different so it's important to correctly shop for the best prices.
Live answer provided by: Ed Harris - Experienced auto insurance broker (33 years) and owner of top-rated website offering free quotes.