Your age Young, inexperienced drivers are more likely than older drivers to have accidents. As a result, insurance companies generally charge higher rates for drivers younger than 25. Premiums start to creep up again for drivers age 65 and older, according to NerdWallet’s most recent rate analysis.

Which group would have higher car insurance premiums?

Insurers generally charge more if teenagers or young people below age 25 drive your car. Your gender – Statistically, women tend to get into fewer accidents, have fewer driver-under-the-influence accidents (DUIs) and—most importantly—have less serious accidents than men.

Do older cars have higher insurance?

Do Older Cars Cost More to Insure? Your rates for comprehensive coverage or collision coverage on an older vehicle may be lower than what you’d pay for those same coverages on a newer car that’s worth more. So, the total premium you’ll pay for auto insurance on an older car is unique to you.

What’s the age group with the most expensive car insurance?

The age group that is charged the most for car insurance coverage is young drivers between the ages of 15 and 20.

How old do you have to be to get car insurance?

The age group that is charged the most for car insurance coverage is young drivers between the ages of 15 and 20. Based on statistics gathered by the auto insurance industry, this age group is more likely to be in or cause an accident and are generally inexperienced with tasks…

Who is charged the most for car insurance?

Key takeaways… The graduated license allows the young driver more privileges over time while they obtain more experience driving The age group that is charged the most for car insurance coverage is young drivers between the ages of 15 and 20.

Who is more likely to have a car accident?

According to the National Highway Traffic Safety Administration, 85-year-old men are 40 percent more likely to get into an accident than 75-year-old men. Looking at the table above, you can see that there is a direct correlation between the crash rate for an age group and that age group’s average insurance premium.