What is the best age to pay for car insurance?
For drivers between the ages of 31 and 75, who experience claims frequencies as low as 4.7%, and claims as low as £2,948, premiums fall significantly. Of this group, drivers aged between 66 and 70 are the best off, paying just £279 for their car insurance, which is just under a third of the average price paid by 18-20 year olds.
What age do auto insurance premiums go down?
Adults: The cost of auto insurance coverage generally begins to drop by the time a driver reaches their early 20s. By 25, drivers might notice a pretty significant reduction in their premiums.
Is age a factor in car insurance rates?
With age comes wisdom, and lower car insurance rates, up to a point. This bears out when you look at average car insurance rates by age. Car insurance for people under 25 years of age is typically quite high.