Insurance companies see older drivers and teens as riskier to insure since they tend to get in more accidents.[1] But this isn’t always the case for seniors, especially if you keep a clean driving record. Overall, older drivers have the lowest car insurance rates of any age group, even...
John Dilmore is an insurance editor for U.S. News & World Report. He has been on staff since 2022 covering insurance, including car insurance and pet insurance. His editing and writing is focused on helping consumers better understand insurance, including choices they face when shopping for cov...
Cheapest car insurance for young drivers with a DUI:The Hanover and Plymouth Rock Cheapest Massachusetts car insurance for insuring a teen driver: Travelers Though age cannot contribute to insurance premiums in Massachusetts, teen drivers still have fewer years behind the wheel than their older counter...
"Older Drivers." Delaware Department of Insurance. "Understanding How Insurers Use Credit Information." Amy BeardsleyInsurance Writer Amy is a personal finance and technology writer. With a background in the legal field and a bachelor's degree from Ferris State University, she has a talent for ...
Plus, customers 55 and older can save an average of 5% for completing an approved defensive driving course. Standout benefits: Nationwide's SmartMiles pay-per-mile car insurance plan can save retirees and other infrequent drivers hundreds of dollars a year over a traditional policy. It comes ...
Cheapest cars to insure for new drivers will help you not to worry about insurance for the first trip when not too used to driving the same car every day!
the person behind the wheel. Your age, where you live, your driving record, and a host of other variables are weighed by insurers as they consider extending you coverage, and what that coverage will cost. The car insurance rates different drivers pay are as varied as their driving profiles....
Even teens with a clean driving record pay elevated car insurance premiums compared to older drivers. When you add a speeding ticket to the mix, their rates are likely to be even higher. Erie topped our list of insurers offering affordable insurance for teens with a speeding conviction on thei...
Older Cars Are Cheaper A 5-year-old car is much less expensive to insure than a brand new one, even when the vehicles are otherwise identical. The reason for this is that the older car has a much lower cash value than a new car, which means less risk to the insurance company. Additi...
Along with where you live, your age is another major factor in the price you pay for car insurance. For example, younger drivers usually pay more than older drivers with similar driving histories and credit scores due to having less experience on the road. ...