Car insurance high risk age

Car insurance for people under 25 years of age is typically quite high. 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 risk to auto insurance providers. High risk equals high rates.

But, you can look forward to having the lowest car insurance rates available by the time you pass the age of 26 and approach your most mature and capable years from 30 to 50. Drivers in this age range cause the fewest accidents because they are more risk-averse and have the most significant level of financial power and responsibility.

Driving record has a bigger impact than age on auto insurance rates across the board. Drivers who have a history of accidents, violations, and claims will pay at least 50 percent and up to 300 percent more for insurance than safer drivers in the same age group. How Can I Save on Auto Insurance?