Avg Car Insurance Rates By Age

Our average car insurance rates tool above lets you compare auto insurance rates by zip code.

Avg car insurance rates by age. How age affects car insurance rates table of contents. Average cost of car insurance by age. Once a person hits their late seventies the rates will start increasing again. The rates vary significantly based on a driver s age.

This isn t a form of discrimination but a recognition of the statistical fact that men are more likely to speed and get involved in serious accidents than women are particularly at young ages. Age affects car insurance rates more than gender. The lowest average age group for car insurance in the uk was for those in their fifties with the average cost of 600. And by the time men and women are in their 30 s they pay comparable rates.

But 16 year olds of any gender pay an average of 80 more than older drivers. Male drivers under the age of 18 pay the most of any demographic almost 50 more than teenage female drivers. If the thought of a teen behind the wheel makes you nervous you can imagine what an insurance company which is financially responsible for their. Let s break down average car insurance rates by age starting first with teen drivers.

Below you ll find average car insurance cost by age for several common coverage sets for the time when your teen years are in the rear view mirror but much cheaper rates are still a bit further down the road. The chart below shows the average cost of car insurance by age starting at age 20 and going to age 85. When all other factors are the same or equal older more experienced drivers pay lower premiums than younger drivers. You can also read our guide on how to estimate car insurance costs which includes taking into account the amount of coverage you need your age and your location among other factors.

Women generally pay less for car insurance than men do. Average car insurance rates by age can vary widely. According to a 2018 study commissioned from quadrant information services the average cost of car insurance varies significantly based on the driver s age. Age isn t the only physical factor that affects car insurance rates.

For a middle of the road full coverage policy you ll pay around 420 per month if you re a teen and 170 if you re in your 20s. A 16 year old will likely pay four times more than an experienced driver in their thirties. Average cost of car insurance by age. Average car insurance rates vary widely depending on the age of the driver.