How much does car insurance cost by age?
Along with
your location and driving history, age is one of the most important factors
when it comes to auto insurance rates. Drivers under 25 tend to pay much more
for coverage because of their age and inexperience behind the wheel.
Car
insurance costs typically go down when you turn 25. Before that, the average
cost of car insurance can be thousands of dollars more expensive than what
adult drivers pay. A 16-year-old driver pays $4,850 more per year ($404 per
month) for auto coverage than someone who’s 25 — an increase of 251%.
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