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Average Auto Repair Insurance Price Based on Age
Auto repair insurance gets more expensive the younger you are. Regardless of your age, there is affordable insurance out there. You just have to know where to look.
There is actually nothing such as a fixed auto repair insurance depending on what age you are. There are other factors that come into play as well, such as your driving experience, the make and year of your car, the region you live in and so on. Hence, it becomes difficult to give a precise figure. Carinsurance.com states that the national average price of auto insurance premiums in May 2009 was $1,837. This figure has shown an increase from the past years (it was $1,600 in 2007). Also, this figure is more or less constant across ages 18 to 65 years, the legally-accepted active driving age.
Cheaper Insurance for Teens
A lot has to do with the type of car that is on the policy. A sports car is going to have a higher insurance rate. The more horsepower the car has, the more money it’s going to cost you. An older car that’s paid in full is the best bet you have at getting cheap car insurance for teens.
Costs for auto insurance premiums for male teenage drivers (with clean driving records) range from $860 to $1,100, while for female teenage drivers, premiums range from $770 to $900. An accident or major repair can increase the premiums, sometimes up to three times the base amounts.
Deductibles
The higher your deductible is, the lower your premium will be. It would be a good idea to put your deductible amount into a savings account so that it will be readily available to you should you ever need it.
Insurance Costs
Most people say that when you turn 25, your insurance rates go down. In reality, it’s the amount of time you’ve had your driver’s license, as opposed to how old you are. For every three years that you are not in an accident or given a ticket, you can expect a drop in prices. Senior citizens have to prove themselves to be good drivers just as much as teenagers do. The insurance for senior citizens generally costs around $800.
