As drivers get older, their rates skyrocket up to $2,165 for full-coverage auto insurance
Foster City, CA – September 14, 2021 – As drivers mature, their car insurance rates tend to go down due to experience. As a result, middle-aged drivers with a clean record enjoy significant savings. However, Insurance.com data finds that when drivers move into their later years, auto insurance rates begin to rise again.
Comprehensive information on the impact of age on car insurance rates is available in the guide: Car insurance for seniors
Insurance.com finds that as drivers advance into older age groups, their car insurance rates become increasingly costly, particularly at age 65. Drivers 85 and older pay the most, with full-coverage auto insurance rising to $2,165 on average.
There are ways older drivers can reduce these costs. Insurance.com’s guide lists 34 states that mandate car insurance discounts when residents take driver-improvement courses, including Alabama, Alaska, Arkansas, California, and Colorado. Mature driver classes, which are offered through AARP, AAA, and The National Safety Council, can drive insurance premiums down by 5 to 15 percent.
The guide shows which major insurance companies offer the cheapest car insurance for seniors in different categories, including those with bad credit and accidents on their record.
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