Car Insurance Rates By Age Chart
Male drivers under the age of 18 pay the most of any demographic almost 50 more than teenage female drivers.
Car insurance rates by age chart. Average car insurance cost in the united kingdom uk 2018 by age and gender average cost of motor insurance in the uk q4 2018 by region annual change in motor insurance premiums in the uk q2. Teens and young drivers are inexperienced behind the wheel and statistics show they as a class in whole are more likely to be in accident than other age groups which makes them a high. But 16 year olds of any gender pay an average of 80 more than older drivers. Call us toll free.
This bears out when you look at average car insurance rates by age. This isn t a form of discrimination but a recognition of the statistical fact that men are more likely to speed and get involved in serious accidents than women are particularly at young ages. With age comes wisdom and lower car insurance rates up to a point. Compare average car insurance rates by zip code age gender and coverage level to see what you can expect to pay for coverage in your neighborhood.
Our driver is a male living in toronto in the m4t 1w5 area code. According to a 2018 study commissioned from quadrant information services the average cost of car insurance varies significantly based on the driver s age. How gender affects car insurance rates. Around 60 however auto insurance costs reverse their trend and begin to increase slightly although rates comparable to what drivers in their 40s see.
For a typical senior aged married couple without young drivers on their policy geico and usaa offer the cheapest rates with all other metrics constant. Costs continue to generally decline with each birthday with drivers in their 50s seeing the best rates. Age affects car insurance rates more than gender. The chart below shows the average cost of car insurance by age starting at age 20 and going to age 85.
Women generally pay less for car insurance than men do. Average car insurance in ontario by age. Between the ages of 30 and 60 car insurance rates don t fluctuate much based only on age. Age isn t the only physical factor that affects car insurance rates.
The rate data comes from the aaa foundation for traffic safety and it accounts for any accident that was. Below is a chart that compares crash data and yearly average car insurance rates by age. How much each gender pays also is significant. As you reach your late 50s and 60s age becomes a more important determinant of your rate.
And by the time men and women are in their 30 s they pay comparable rates.
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