7 Things That Increase Your Car Insurance Rate
Age
Experience comes with time, and insurers take it into consideration when calculating premiums. Teenagers lack experience and are more likely to take risks like texting while driving or not wearing seat belts. According to data from the Centers for Disease Control and Prevention, seven teenagers died each day in car crashes in 2019, and young drivers are three times more likely to be involved in a fatal collision than drivers of other ages.
At age 25, insurance rates begin to decline, and until age 65, age becomes less of an influence. After then, as you age and experience eyesight and reaction time changes more frequently, it becomes more possible that your premiums will increase once more.
