Average Car Insurance Cost By Age

The lowest average age group for car insurance in the uk was for those in their fifties with the average cost of 600.

Average car insurance cost by age. Once a person hits their late seventies the rates will start increasing again. A driver who is. Car insurance for people under 25 years of age is typically quite high. Average cost of car insurance by age.

Young females are thought to be safer drivers than their male counterparts according to the statistics gathered by insurance companies but a 19 year old female would still be paying 1 930. Average car insurance rates by age and gender. Average insurance rates go down by about 11 when drivers turn 25 but the discount from the extra year is not significantly higher than year to year changes in a driver s early 20s. Minimum insurance for the average 65 year old costs about 500 with liability and full insurance coming in around 600 and 1 400.

The insurance prices are the lowest for drivers in their fifties. This bears out when you look at average car insurance rates by age. Let s break down average car insurance rates by age starting first with teen drivers. With age comes wisdom and lower car insurance rates up to a point.

Published by statista research department nov 6 2020 in the united kingdom uk younger drivers would on average pay more for their car insurance than older drivers in 2020. Teens and young drivers are inexperienced behind the wheel and statistics show they as a class in whole are more likely to be in accident than other age groups which makes them a high. Around age 65 your car insurance rates start to creep back up. The average insurance premium for a 19 year old male in 2016 was 2 154.

A 16 year old will likely pay four times more than an experienced driver in their thirties. How age affects car insurance rates table of contents. The rates vary significantly based on a driver s age. The cost of car insurance for 25 year olds is 3 207 per year or 267 per month on average.