Almost nothing affects your car insurance rate as much as your age. You’ve probably already experienced this in your own family. Average car insurance rates by age can vary widely, even when other driver characteristics are the same. Perhaps your auto insurance rate is around $1,500 per year, but your daughter pays $5,000. You live in the same household and both have clean records, but she pays a whole lot more because of her age.
In this article, we’ll explore how average car insurance rates by age and state can fluctuate. We’ll also take a look at which top auto insurance companies give the best discounts on car insurance by age and compare them side-by-side.
worth getting? Read on to learn more.
In this article:
Average Car Insurance Rates By Age
So why do average car insurance rates by age vary so much? Basically, it’s all about risk. According to the Centers for Disease Control and Prevention (CDC), people between the ages of 15 and 19 accounted for 6.5 percent of the population in 2017, but they represented 8 percent of the total cost of accident injuries. The risk of an accident is highest among brand new…
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