One of the primary factors in determining your car insurance premiums is your age. It plays a significant role for several reasons. As you get older, your level of risk changes. You gain more experience, and you learn to be more aware of your surroundings. It is one of the key factors in determining your auto insurance rates because it can and will change over time.
Why Does a Person’s Age Affect Their Car Insurance?
Your age determines your auto insurance simply because drivers in different age groups normally exhibit similar tendencies. For example, a younger person who has only been driving for a short period will not have the experience of an older driver. They are more likely to be involved in an accident or not know what to do if they are in a specific situation, like icy roads or driving in heavy rain.
The Impact of Your Driving Experience on Your Auto Insurance
The longer a person has been driving, the more experience they will gain. As you get older, you will find yourself reacting differently to certain events. You gain experience every time you get behind the wheel. You become more comfortable and more relaxed with driving. You will learn to avoid accidents that a younger driver may not avoid. However, if you are in your 60s, the trend starts reversing gradually as you age. With age, your reflexes become slower, which can impact your driving. As a result, your insurer gradually starts charging more money than it did earlier.
How Student and Senior Discounts Affect Auto Insurance?
Young drivers can prove they are lower-risk ones by being good students and not receiving any tickets. Insurance carriers will give discounts to students who maintain good grades, have good attendance, and participate in extracurricular activities. This is because students who are committed to their education and continually work to succeed are seen as better drivers. They are able to focus on the task at hand and learn quickly to adapt to diverse driving situations. The same is true for elderly drivers. Those who maintain their finances and don’t get any tickets may be offered a senior discount on their auto insurance premiums.
Choosing the Right Auto Insurance Policy and Deductible
It’s important to choose the right policy. If you are a young driver, you will want to find a policy that will adjust itself as you gain more experience. You will want to be able to apply any discounts you may be eligible for. It’s also a good idea to look closely at the deductible. A higher deductible will lower your monthly premiums making your policy more affordable.
Understanding how your age will affect your auto insurance policy is important. If you are curious about your policy and your age is one of the keys determining factors of your premium, call the seasoned insurance professionals of Duane Weber Insurance today. Our team of auto insurance experts can evaluate your policy and determine if any changes need to be made. Contact our team today to get a policy review and to know if you are eligible for any discounts.