Although drivers under 21 will pay more for coverage than older drivers, the younger you are, the more your monthly car insurance premiums will be.

Do teens or adults pay more for auto insurance?

Auto insurance premiums are higher for teens ages 16 and 17 than they are for 18-and-19-year-olds. According to the Centers for Disease Control and Prevention, the former age group has a 200-percent higher accident rate than the latter, accounting for the elevated cost.

Why is car insurance so high for teenagers?

Why is insurance so expensive for teenage drivers? The cost of auto insurance varies from one group of drivers to another because some groups have worse driving records, higher accident rates and more costly accidents than others. The highest insurance rates are paid by any male driver under the age of 25.

Why do young drivers pay more for car insurance?

Young drivers pay more because statistics show that teenagers are inexperienced, making them more likely to get into car accidents compared to other age groups. According to the Insurance Institute for Highway Safety: Drivers aged 16 to 19 are three times more likely to be in a car accident.

Why are teen drivers more likely to get in car accidents?

Statistically, teen drivers are more likely to be involved in auto accidents, get traffic tickets, and commit traffic violations than are older drivers. Car insurance companies take this into consideration when determining how high a risk it is to insure teen drivers. Fortunately, there are ways to keep teen car insurance rates low .

Is it more expensive for a teen to get car insurance?

Generally, car insurance for teens tends to be more expensive than it is for older drivers. Teens are young and inexperienced and still working their way up the ranks, so to speak. However, there are ways teens can get affordable auto insurance, and we’ve laid out a few basics below.

Do you pay more for car insurance if you are older?

In most cases, if you drive a flashy coupe, you’re statistically more likely to have an accident than if you’ve got a mundane minivan. Insurance.com data shows that older drivers do pay more than middle-aged drivers as a group–but not much more. Explore our car insurance calculator to see what premium rates apply to you.