Average Car Insurance By Age
Average car insurance rates range from 1424 per year for drivers who are 65 years old to a high of 7001 per year for drivers who are 16 years old.
Average car insurance by age. As drivers age their car insurance rates typically change as well. Once teenagers gain more experience under their belt and hit 25 their car insurance costs drop about 30. Young drivers are thought of as riskier to insure than are drivers in their 50s for example. This has to do with how insurance companies assign risk to drivers of varying ages.
Insurance companies use age as a way to predict driving ability. According to a 2018 study commissioned from quadrant information services the average cost of car insurance varies significantly based on the drivers age. To see more details on average car insurance rates for teens see the following articles featuring rates by age state and gender. Car insurance rates by age.
Car insurance for an 18 year old. The chart below shows the average cost of car insurance by age starting at age 20 and going to age 85. Car insurance for a 19 year old. Car insurance for a 16 year old.
Quotes for teenagers are 3x as expensive than quotes for a driver in their mid thirties and cost nearly 4x the rate for an experienced driver in their mid fifties. Drivers age 50 to 59 average car insurance rates vary widely depending on the age of the driver. Car insurance for a 17 year old.