How Age Affects Your Rates
Your car insurance premium will be high between the ages of 16 and 20 but will decline steadily every year since you keep a clean driving record. If you are young, expect a significant reduction in your car insurance premiums around the age of 20. You will also usually receive another decrease around at age 25 and another significant decrease at age 35. Some slight adjustments every decade until you reach 60.Drivers Over 65
Things start to turn around once you reach your 60s and approach 65; car insurance premiums increase from that point. This is not because older drivers are dangerous but because their driving is affected by bodily changes that come with age. For example, it’s usual for senior drivers to have blurry vision at night. They may also be suffering from ailments like arthritis. Many are also taking prescription medications, which may affect their judgment. While there is no prove that older drivers are more likely to be involved in accidents, they are more likely to suffer from some aging ailments, increasing their insurance rate.
