Car Insurance Rates By Age Chart

You may also be interested in our charts showing term life insurance rates by age to compare the cost of term vs whole life insurance.

Car insurance rates by age chart. Car insurance for people under 25 years of age is typically quite high. With age comes wisdom and lower car insurance rates up to a point. The rate data comes from the aaa foundation for traffic safety and it accounts for any accident that was. Call us toll free.

As you reach your late 50s and 60s age becomes a more important determinant of your rate. Women generally pay less for car insurance than men do. Compare average car insurance rates by zip code age gender and coverage level to see what you can expect to pay for coverage in your neighborhood. Age isn t the only physical factor that affects car insurance rates.

Below is a chart that compares crash data and yearly average car insurance rates by 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. Because average car insurance by age varies based on so many different factors we created a sample driver. And by the time men and women are in their 30 s they pay comparable rates.

Our driver is a male living in toronto in the m4t 1w5 area code. For a typical senior aged married couple without young drivers on their policy geico and usaa offer the cheapest rates with all other metrics constant. Average car insurance cost in the united kingdom uk 2018 by age and gender average cost of motor insurance in the uk q4 2018 by region annual change in motor insurance premiums in the uk q2. Between the ages of 30 and 60 car insurance rates don t fluctuate much based only on age.

10 pay whole life insurance quotes the following sample 10 pay whole life insurance quotes are from an a rated carrier or higher for a preferred plus male. According to a 2018 study commissioned from quadrant information services the average cost of car insurance varies significantly based on the driver s age. But 16 year olds of any gender pay an average of 80 more than older drivers. This bears out when you look at average car insurance rates by age.

Age affects car insurance rates more than gender. Teens and young drivers are inexperienced behind the wheel and statistics show they as a class in whole are more likely to be in accident than other age groups which makes them a high. The chart below shows the average cost of car insurance by age starting at age 20 and going to age 85.