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Age is only one factor in your car insurance premium, but if you’ve kept your driving record intact, the years between 25 and 40 years old is when you’ll see the lowest minimum rates, with average premiums of $596 to $601 per year for minimum coverage.
Full coverage costs more, but the average rates can be less than half off what you paid as a teenager.
Age | Average cost for full coverage |
---|---|
22-25 | $2,819 |
26-30 | $2,555 |
31-35 | $2,541 |
36-40 | $2,592 |
But these are only averages. Comparing insurers and taking advantage of any discounts or savings you can get will help you find the lowest price for the insurance you need.
These tips can help you save on your insurance premium:
As your lifestyle and needs change, so should the coverage that’s important to you. Consider the following coverage options:
While your minimum coverage rates may be lower, by 25 to 40 years old, you may be facing life changes that require additional coverage. One way to save is to take advantage of every discount available. But the best way to make sure you’re getting the best deal is to compare car insurance companies to see what other insurers have to offer.
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