cheapest car insurance rates. For more info and free auto insurance quotes, please visit https://compare-autoinsurance.org/drivers-of-what-age-groups-pay-the-least-on-car-insurance/.” data-reactid=”12″LOS ANGELES, CA / ACCESSWIRE / June 6, 2020 / Compare-autoinsurance.org has launched a new blog post that explains which drivers pay the cheapest car insurance rates. For more info and free auto insurance quotes, please visit https://compare-autoinsurance.org/drivers-of-what-age-groups-pay-the-least-on-car-insurance/.
One very important factor used by car insurance companies to determine their customers’ car insurance premiums is the age of the customers. People in their 40s and 50s are usually paying the lowest insurance rates. Drivers from those age groups are considered to be among the safest and most experienced drivers on the road. Also, they file fewer claims than older or younger drivers. After the age of 25, the car insurance premiums will begin to drop and they will start to rise once again once the drivers enter their 70s.
Besides age, the next major factors can affect the price of insurance:
- Gender. Young male drivers will pay more on their premiums compared to young female drivers because they are more likely to file an auto insurance claim. On the other hand, male drivers who are in their 40s, 50s, and 60s are filing fewer claims than female drivers from the same age groups and for this reason, they will pay less on car insurance.
- Driving record. Drivers who have multiple traffic violations will pay more on insurance premiums than drivers with a clean driving record. Car insurance claims, speeding, at-fault accidents and other traffic violations can increase the price of insurance. The good news is that those points and violations will no longer be taken into consideration after several years.
- Address. Drivers who live…