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Average Car Insurance Rates By Age

Age is one of the most important factors car insurance companies use when calculating car insurance rates. An auto insurance company uses age as an indication of driving experience and accident risk. Generally speaking, the older you get and the more experience you have driving, the less likely you are to get into an accident and submit an insurance claim. A quick analysis of car insurance rates by age will show that a 16 or 18 year old has much higher insurance costs than any other age group.

Average Car Insurance Rates By Age

Below, you will find a breakdown of average car insurance rates by age. As expected, premiums decrease significantly after the age of 25. Further research indicates that 15 to 20 year olds constitute about 6% of licensed drivers, but account for over 10% of fatal crashes. You will also notice that auto insurance costs start to trend upwards again as drivers become 60, 65, and 70 years old. This can be explained by poor vision and slower reflexes as a result of aging, leading to higher incidents of collision and claims.

Average Car Insurance Rates By Age

For your convenience, we’ve also included a table that demonstrates the average cost of car insurance by age:

Driver's AgeAverage Cost Per Year
16$8,226
18$6,456
21$3,620
25$2,374
30$2,078
35$2,028
40$1,973
45$1,929
50$1,855
55$1,845
60$1,867
65$1,956
70$2,131

Understanding how age affects auto insurance rates can help consumers compare quotes to find the best coverage with the cheapest car insurance company.