How does age affect insurance premiums?

How does age affect insurance premiums?

Age is a significant factor in determining insurance premiums. Generally, younger drivers tend to pay higher rates due to inexperience, while older drivers may benefit from lower rates as they often have more driving experience.

Are there specific age groups that see the biggest changes in rates?

Yes, typically, drivers under 25 and those over 65 may experience notable changes in rates. Young drivers often face higher premiums, while older drivers might see a decrease, depending on their driving history.

What other factors besides age influence insurance costs?

Other factors include driving history, type of vehicle, location, and coverage levels. Each of these can significantly impact your premium.

Can I get discounts if I take a defensive driving course?

Yes, many insurance companies offer discounts for completing a defensive driving course, which can help lower your premium.