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Insurance rates decrease at the age 25


  • As a driver you should know that your age greatly affects car insurance rates. When car insurance agent calculates your premiums, he my place a large stock in your age if you are under 25 years.
    At first glance it may seem like discrimination, but between ages of 16 and 24 people are more prone to accidents and careless driving, so the rates have to be adjusted accordingly. The differences in rates due to age are based on solid statistical data. While you may have been an excellent driver at that age, most people aren’t, and car insurance companies base their rates on averages, not individuals.

    Insurance rates decrease at the age 25

    At the age of 25 car insurance will drop in price, as long as you have a good driving record. By this time, people are more mature and settled. They’ve become safer drivers and will remain that way, in general terms, for several decades. From the time you turn 25 until the time you turn 70, your car insurance rates are likely to gradually decrease. However, there are additional factors that are more important than age during these years. For instance, what kind of car you have, where you live and how many miles you drive. Also, if you are male, you’ll pay more than women because statistically, men are involved in more serious accidents. If you are 25, male, and married there is good news for you, as you will see your rates decrease. The view is if you are married, you are less likely to take risks that a 25-year-old single male. Also you can lower your rate by maintaining good credit. In many states, insurers use your credit score as one factor to determine your rate, so the bad credit could result in higher rates.
    So, in general terms, the magic number 25 does not mean that you’ll get the best possible rate available on your 25th birthday. Don’t wait for the insurance company to just hand you a discount. Driving safely is the only way that will save you more money and give you the peace of mind.
     

    Insurance rates decrease at the age 25