It is true. Being a teenager, under age 25, or a new driver means that insurers will often charge you a higher rate. Of the three groups, teenagers will see the highest, followed by young adults (under age 25), and new drivers (age 25 or older). In other words, as you get older and more experienced, rates typically come down.
However, if you are a teen driver or a parent of one, keep in mind that just turning 25 does not in and of itself lower rates. Most who see their rates decrease at this age have been driving since around age 16. It really takes about ten years of driving experience, especially with continuous insurance coverage, to see rates fall. So, a 25-year-old who just started driving only a couple of years ago will likely not see dramatically lower rates at this age.
Rates continue to change as you get older. Presuming your driving record and experience keeps pace, you should be entitled to some of the best rates by the time you reach your 40s, and especially into your 50s. Those in their 70s, however, start to see the opposite. The likelihood of accidents tends to be higher for older seniors, meaning they are more costly for insurers to cover, and are therefore charged higher rates.
The first way to save is by shopping around and comparing quotes. Keep in mind that many insurance carriers do not specialize in covering teen, young, or new drivers. Cheapest-Auto-Insurance.com has the direct relationships and the technology to really help you save. After answering a few questions, our system will find you the insurance companies looking for and offering the lowest prices to new, young, and teen drivers.
If you need to insure a teen driver, are a young adult (under age 25), or a new driver, here are some more ways to save money on auto insurance:
For those teen drivers who go on their parent’s or those older new drivers who go on their partner’s policy, pay close attention to which vehicle your insurer assigns to them. For instance, some insurance carriers will assign the teen driver of a household to the most expensive car on the multi-vehicle policy. The insurers do this as a precaution, in the event a teen driver decides to leave their sedan at home and instead take, and unfortunately end up being involved in an accident with their parent’s new coupe.
It is typically less expensive to go with a carrier that allows you to assign your teen or a new driver to only the least expensive and safest car on the policy. Just be sure to that such drivers only get behind of the wheel of the vehicle assigned to. Failing to do so can be extremely costly in the event of an accident. Never let a driver in your household get behind the wheel of a car they are excluded from on your policy -- no exceptions.
Just because you are or need to insure an inexperienced driver, does not mean you have to overpay. Cheapest-Auto-Insurance.com will find you the top insurance companies that specialize in covering -- and offering great rates to -- new, young, or teen drivers. To start comparing and saving, enter your zip code and answer a few questions to help our system secure the cheapest rates for your needs!