When you go to secure car insurance, you know that the insurance company will consider a number of personal factors when calculating your rates. Two of the things they will look at is your driving experience and age. But how do these factors affect your car coverage costs? Here’s how your driving experience and age influence your auto insurance rates.
Auto insurers assume that the more driving experience you have, the less likely you are to get into a car crash. Unfortunately, this means that inexperienced drivers are considered a higher risk to insure. Even if they have never been in an accident before, inexperienced drivers are more likely to be charged more for their auto insurance as compared to a driver with a long history of safe driving.
Young drivers obviously have less experience than older drivers. However, this is just one reason why younger drivers are charged more for auto insurance. Young drivers might also experience high insurance costs because, on average, younger drivers are more likely to display unsafe driving behaviors. While not every young driver is reckless on the road, insurers will still charge more to protect themselves just in case.
Keep in mind that older drivers can also pay more for insurance. Eventually, older drivers will see an increase in their rates as their insurers start to feel concern about their ability to operate a car safely. A good way to think about it is that drivers under the age of 25 and over the age of 65 are more likely to pay more for auto coverage.
This is how your driving experience and age influence your auto insurance rates. Do you have additional questions regarding your car coverage? If so, then contact the expert at Mike Leonard Insurance Agency. Our dedicated team is eager to find you the right coverage from one of our many carriers including: Kemper, MetLife, Nationwide, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance.