Car Insurance Rates By State And Age

See car insurance rates by zip code plus state laws.

Car insurance rates by state and age. But 16 year olds of any gender pay an average of 80 more than older drivers. How age affects car insurance rates. The most common cause of a. As an example michigan uses a unique no fault insurance system that in many ways is responsible for its high premiums.

As you ll see in the average car insurance rates by age table below in general rates are cheapest for drivers in their 40s 50s and 60s and then increase again a bit at age 70. Gender age driving experience credit history education occupation employment status marital status residential status address zip code insurance history alabama alaska. According to a 2018 study commissioned from quadrant information services the average cost of car insurance varies significantly based on the driver s age. And by the time men and women are in their 30 s they pay comparable rates.

Car insurance premiums can vary dramatically from one state to another or even from one city to another within the same state. Male drivers under the age of 18 pay the most of any demographic almost 50 more than teenage female drivers. Age affects car insurance rates more than gender. Once you reach age 30 car insurance premium rates become relatively stable declining only slightly through age 60.

What information can car insurance companies use to price car insurance rates. And how does that vary by state. Geography is another important factor. Call us toll free.

As car insurance companies calculate your premiums they may place a large stock in your age if you or another driver in your household is under 25 years old or over 65 years old. State required insurance minimums can also raise or lower insurance costs. States set car insurance regulations and minimum insurance requirements which can have a major impact on the rates paid by residents. Looking at average car insurance rates by age and state makes you wonder what else affects rates.

The chart below shows the average cost of car insurance by age starting at age 20 and going to age 85.