Average Car Insurance Rates By Age

Average Car Insurance Rates By Age

Average Car Insurance Rates By Age.

Below, you will find a breakdown of average car insurance rates by age. As expected, premiums decrease significantly after the age of 25. Further research indicates that 15 to 20 year olds constitute about 6% of licensed drivers, but account for over 10% of fatal crashes.

Certain ages pay less than auto insurance than others. But which age groups pay the most for auto insurance? Average Auto Insurance Rates Per Age.

Find average car insurance rates by age for males and females age 20 to 70, and learn other common factors that affect car insurance rates.

The average cost of car insurance for those in their twenties was the highest out of the age ranges with an average of 1,036 British pounds. The lowest average age group for car insurance in the United Kingdom (UK) was for those in their fifties with an average cost of 600 British pounds.

Arbitrarily or not, age 25 seems to finally yield decent car insurance rates. Learn more about the average car insurance rates at 25 here! The statistic presents the average auto insurance expenditure in the United States in 2018, by age and gender.

A single 25-year old female with one traffic violation and one no-fault accident driving 12,000 miles per year will typically pay $1,364.72. A married couple (both age 50) with a 20-year-old son and 18-year-old daughter will pay an average of $3,027.23 annually for car insurance.