buying Car Insurance Gets More Costly When You Reach This Age

18:40  05 march  2020
18:40  05 march  2020 Source:   moneytalksnews.com

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Find out how much car insurance costs for 18-year-old drivers, as well as tips for buying coverage. Sports cars and expensive vehicles are often more costly because an insurer would need to pay There is some good news. Car insurance gets cheaper as you age . Average car insurance rates by

Once you reach age 30, car insurance premium rates become relatively stable, declining only slightly through age 60. Car insurance premiums begin to rise slowly from that point forward. It’s not so much that older drivers are more reckless, but rather that their driving is affected by physical changes

Adult drivers generally see their car insurance rates drift lower for decades — until they hit their 60s.

a woman in a car: shutterstock_53154214 © iofoto / Shutterstock.com shutterstock_53154214

At that point, rates climb — and continue to do so for the rest of your life, according to the 2020 The State of Auto Insurance report from The Zebra.

Rates are highest when you are young. In fact, drivers who are 16 years old and have their own policies pay a jaw-dropping $6,600 a year for car insurance, on average. That is more than three times the average for all drivers between the ages of 23 and 85.

Things get better for drivers in their remaining teen years, but not by much.

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Get a car insurance quote online today! They’re usually more attractive to thieves, and have more complicated parts that are also more costly to repair. Plus, as cars become more technological, replacing parts such as a wing mirror (now fitted with blind-spot monitoring and indicator inserts) is

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The Zebra found that people in their:

  • Teens: Pay $5,023 per year for car insurance, on average
  • 20s: $1,989
  • 30s: $1,532
  • 40s: $1,474
  • 50s: $1,365
  • 60s: $1,384
  • 70s: $1,611
  • 80s: $1,880

It’s no secret why rates are higher at the beginning and end of your driving years: That’s when accidents are most likely to occur.

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As Insurance.com has pointed out about senior drivers:

“Senior drivers as a group are more accident-prone than their middle-aged counterparts. The reasons for this include age-related changes in hearing or vision, slower reflexes, health conditions and medications.

In addition, regardless of accident severity, older drivers suffer graver injuries and more fatalities than younger people. This makes seniors more expensive to treat following an injury. These factors can increase insurers’ claim costs, and those costs are passed on.”

Switch your car insurance in 9 easy steps

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Whether you struck a parked car or your parked car was hit, you are not alone. In fact, most hit-and-runs involve a parked car . Many of the accidnets happen in parking lots. " Getting into an accident is not a crime," says attorney Chip Siegel of Las Vegas.

Determine the most affordable car insurance available to you . If you discover you can get better rates and So next time you get car insurance quotes or renew, first access the list of discounts and savings So they're happy to incentivize you to make the processes involved easier and less costly .

Getting lower car insurance rates

Regardless of your age, you can almost always get a better deal on car insurance if you look around and comparison shop. While you can do such shopping on your own, using a service like The Zebra or Gabi might be easier. These services gather quotes for you so you can pick the best rate. (Article continues after video.)

Money Talks News founder Stacy Johnson tried Gabi, and found it worth his time. He wrote in “How I Found $546 in Car Insurance Savings in Under 10 Minutes“:

“I’m currently insuring two cars with USAA at a combined cost of about $2,400. Gabi said Progressive could give me the same coverage for 22% less, saving me $546. All I had to do is give Gabi the go-ahead and my driver’s license number. Then, Gabi would confirm the rate and even do the switching for me.”

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Sometimes you get discounts for insuring more than one car . If you remove your second car , the price of insurance on the first car might go up. Other Factors That Make Car Insurance Costs Higher: We will review all the possibilities so that you are in the best position to make decisions to start saving

Car Insurance Comparison. Auto Insurance Advisor. Health insurance limits when you can enroll in a health plan. You can sign up for health COBRA is costly , since you continue to pay your portion of the fee, plus the portion your employer was paying, plus an administrative fee. It is important to give truthful information when applying for insurance and trying to get a special enrollment period.

For more help in cutting auto insurance costs, be sure to read:

  • How to Get the Best Possible Deal on Car Insurance
  • How to Avoid 7 Costly Car Insurance Shopping Mistakes

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2020: Best car insurance companies for baby boomers .
Americans are healthier and living longer, which also means more drivers on our nation's roadways. More Americans are healthier and living longer, which also means more drivers on our nation's roadways. As baby boomers, in particular, get older they'll need affordable car insurance that meets their needs.

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