How age affects auto insurance
Age is one of the most important factors in determining your car insurance rate. While this may seem unfair because there are good drivers in every age group, insurance data shows younger drivers are more prone to have an accident or take risks on the road. Experienced drivers are less likely to have accident claims, which means they'll cost less to insure. At Safe House Insurance, rates tend to decrease significantly from 19-34 and then stabilize or decrease slightly from 34-75. Once you reach 75, your rate may begin trending upward, as Progressive data suggests drivers above this age are riskier to insure.
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We know that young and inexperienced drivers are a cause for concern on the road and to their parents' wallets. But adding a teenage driver to your existing policy is usually more affordable than having them get their own policy. At Safe House Insurance, we offer a Teen Driver Discount and a Good Student Discount to help offset the costs of insuring a teen driver.
Insurance rates are the lowest for middle age drivers, but in most states senior citizens should expect an increase in car insurance even with a great driving record. Despite years of experience behind the wheel, Safe House Insurance data shows that drivers 75 and over are more prone to accidents, which translates to higher rates. The good news is that seniors typically spend less time on the road which—along with driving safely—could mean savings.
Blog By Progressive: https://www.progressive.com/answers/how-age-impacts-insurance/