Unlocking auto insurance savings as you get older.
As a young driver, you are probably paying extremely high auto insurance rates. This is because drivers under the age of 25 have the highest accident rates in the U.S. However, every time you pay your premium, you may be wondering when your rates will start to decrease. Here’s how young drivers can save on auto insurance as they get older.
- Age-Related Auto Discounts
Typically, drivers see the most significant rate decrease when they turn 25. However, there are opportunities to save earlier. This is because most auto insurers will gradually drop your premiums as soon as you exit your teens. This means that drivers will start to see small rate drops between ages 20-24, with the most significant drop happening at age 25. Please keep in mind that these rate reductions only happen if you do not get into an accident, receive a moving violation, or file a claim during this time. Auto insurers will only reward responsible and safe drivers.
- Male Versus Female Drivers
Because males are more likely to file a claim or get into an accident than female drivers, they tend to see less significant rate decreases. This is true even if a male driver has no history of reckless driving or claims. Unfortunately, young male drivers will have to wait until they turn 25 to see significant auto insurance discounts.
This is what you need to know about saving on your auto insurance as you get older. Do you have further questions regarding your auto insurance? If so, then contact the experts at Weaver & Associates in Arcadia, California. We are ready to assist you with all your car coverage needs today.
