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Wednesday, February 1, 2017

RATES Drop 44% At Age?

RATES Drop 44% At Age?

HIGHEST RATES AT AGE 16:

AVERAGE Car Insurance Rates By Age are based on insurance industry statistics. The highest rates are when you first get your drivers license. At age 16 you can be paying in excess of $8,000 per year.

FIRST RATE REDUCTION
AT AGE 18

At age 18 you can expect your rates to drop around 22% and be in the $6,000 per year range. Males can expect to pay about 20% more than females, but by age 25 both rates are about the same.


RATE REDUCTION of 44% AT AGE 21

Age 21 will be your first milestone when it comes to car insurance premiums. You can expect your rates to drop by about 44% and be in the $3,000 per year range.

NEXT BIG RATE REDUCTION
AT AGE 25

At this time rates begin to normalize for both men and women. At age 25 both sexes can expect to be paying in the $2,300 per year range.

RATES FROM AGE 30+

From age 30 to 70 you can expect rates to pretty much flat line and average around $2,000 per year.

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