Is there a significant difference in auto insurance rates when someone turn 25 years old?
Question by alica schnell: Is there a significant difference in auto insurance rates when someone turn 25 years old?
I had a friend who worked in auto insurance for a few months, he said that it is all a myth, which is hard to believe. I live in California, and I wanted to get a nicer car when I’m older but insuance is going to be a killer.
Best answer:
Answer by BrokerGopher.com
It is not a myth. The actual age may vary between different insurance companies, but, the principal is the same. Actuaries are the people in insurance companies who stare at numbers all day and study just about any statistic regarding insurance you can think of. Some companies may decrease a portion of the policy’s premium once, for example, a male turns 25. This is due to studies showing men somewhat fully mature at this age, and are less prone to driving like a maniac. I certainly didn’t drive like that when I was younger than 25, but, everyone is different.
Try quoting your insurance online. Hopefully you can get a good quote. Who knows, you may be pleasantly surprised!
Give your answer to this question below!
July 10th, 2010 at 10:34 am
You can compare how the insurance quotes would change, for example here – autoinsurance.noneto.com
July 10th, 2010 at 11:28 am
Your friend is right, its a myth. your rates get lower the longer you are licensed and have a clean driving record.
And check out this site, if you want to find your best or cheapest auto insurance rates just in few minutes,
http://Cheap-Auto-Insurances.info/
Here you can get free quotes from different auto insurance companies in your area, its the best way to find an affordable auto insurance with a reliable company.
Hope this help!