Does my age affect auto insurance rates?

Yes, your age is a factor insurance companies take into consideration. If you are younger, you will likely pay more for insurance. We know it’s not fair, but young people are statistically more likely to get into an accident due to lack of driving experience. As you keep driving and build up a record of clean driving, your rates can go down. So keep your eyes on the road, and your hands on the wheel!

Of course, there are always exceptions to the rule. In some cases, someone who is older will pay more for insurance. This is because insurance companies take driving experience into consideration. For example, someone who is forty, but just got their license will likely pay more than someone who is thirty and has been driving for ten years.