Major milestone ages of your life are your 16th, 18th, and 21st birthday. It seems after 21, there isn’t much to look forward to except for retirement at age 65. Surprisingly enough, when it comes to car insurance, your 25th birthday is among the most important milestones of your life.
There are several ways an individual can lower their auto insurance. Insurance companies use every piece of available data to develop profiles of drivers. Where you live, what you do for a living, your age, your gender, marital status, the make and model of your vehicle, your credit history, and a multitude of other factors are compared against the profile of the perfect driver to determine how much of a risk you are to the insurance company. The more risk that you’ll get in an accident, file a claim, or cause someone else to file a claim against you, the more expensive your insurance premiums will be.
Since drivers 25 and over are responsible for far fewer accidents and claims, most people see their premiums lower by that age but that doesn’t always guarantee in rates dropping. There are other factors to consider such as, did you switch vehicles? Have you been in an accident or filed a claim recently? Did you move? These and other factors can prevent your rates from going down even after reaching the age of 25.
Are You Paying Too Much?
If you’ve turned 25, have a clean driving record, and haven’t made any major changes regarding what or where you drive, then you may be eligible for a discount on your auto insurance. If you haven’t received one, visit our website for a quote or give us a call at 860 684 2721 where our staff will help you find a plan with premiums that you can afford.