Will Turning 18 Reduce My Car Insurance Rate
Reader’s Question:
I am turning 18 this December. Since, I’ll be an adult, would this mean I’ll get lower auto insurance rate. Because I heard from a friend that age is one of the factors that affect auto insurance rates. Am I correct?
Ramon
Huntington, WV
Unfortunately, you are getting it wrongly.
It is true that among car insurance companies, age is one of the factors that they consider in setting car insurance rates. However, turning 18 does not mean you are safer to be insured.
In fact, you are still considered a teen driver, thus you are riskier to be insured as compared to adult drivers. But in general, once you have reached the age of 25, car insurance companies will consider you safer to be insured. Because according to studies, drivers who are 25 years old and above are less likely to be involved in car accidents as compared to younger drivers.
So once you reached the age of 25, I would say you inform your insurer in West Virginia, to see if they offer a discount for this age bracket. However, before you do that, make sure that you maintain a clean driving record. Because being 25 is useless if you have under your driving records several traffic violations.