Answer to a common question, how age affects Auto Insurance rates?

How Age Affects Auto Insurance Rates

Teen Drivers and New Drivers

Teenagers and other new drivers are subject to much higher costs because they are statistically found to be less safe on the road than drivers with a few more years of experience.

The higher rates for young drivers and other new drivers are based on convincing data that these groups are more likely to be in accidents. The Insurance Institute for Highway Safety (IIHS) provides the following information on teen drivers in the United States:

• -Teenagers driver fewer miles than most adults but have much higher crash and death rates.
• -The rate of accident-related deaths per mile among 16 to 19 years old is 3 times higher than for drivers over 20 years old.
• -The rate of crash-related deaths per mile among drivers 16 and 17 years old is 2 times higher than it is for drivers 18 and 19 years old.
• -Teens are less likely to drink and drive than adults but are far more at risk of getting into a crash when they do.

Teens and new drivers are likely to be in accidents because of their inexperience compared to mature drivers. Additionally, teens:

• -Have a greater tendency to speed.
• -Are less likely to realize that they are in a serious situation.
• -Are more likely to tailgate the car in front of them.
• -Are less likely to wear their seat-belt each time they get behind the wheel.

• Adult Drivers & Auto Insurance

  From the time you turn 25 years old until the time you turn 65 years old, your car insurance rates are likely to gradually decrease as long as you maintain a good driving record.
  Additional factors that are more important than age during these years include:
• -What kind of car you drive.
• -Where you live.
• -How many miles you drive.
• * Possible savings of 30% when bundling your Home and Auto insurance policies. 
• Call Taylor Company Insurance & Financial Services in San Diego, National City Ca 91950 to find out. 619.477.6330
• http://taylorautoinsurance.com/
• http://www.dmv.org/insurance/how-age-affects-auto-insurance-rates.php
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