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How Age Changes Your Car Insurance Rates

Have you ever wondered how your car insurance rate is determined? There are many factors that are taken into consideration when quoting auto insurance coverage for any given person. Your age is one of those factors. Sometimes, the younger you are the more expensive your policy could be. Generally, when you turn 25 years old, and depending on your driving record and experience, its when you start getting low prices on your auto insurance coverage; but it is not until you hit the 60 74 years old bracket that you get rock bottom quotes on your policy (if you have a clean driving record that is).

If you look at the image on this page, you will see some age brackets. Teenage drivers get the highest prices on auto insurance due to lack of experience and sometimes because they get involved in auto accidents and get tickets. And, if you notice once you pass 74 years old, your premium starts increasing again due to companies not wanting to take the risk of a person with possibly health problems.

Some companies will want medical records to be submitted along with the auto insurance application for a person that is 75 or more years old to be considered as their insured.

In the graphic, you can also take a look at the top ten most expensive and least expensive States for auto insurance along with some interesting information about accidents involving young drivers.

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