Robert Nichols Insurance Group, Inc.
  • Home
  • Quotes
    • Quick Quote
    • Auto Quote
    • Homeowner Quote
    • Life Quote
    • Business Quote
    • Health Quote
    • Boatowner Quote
    • Umbrella Quote
    • Condo Quote
    • Flood Quote
    • Renters Quote
    • Motorcycle Quote
    • Disability Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Change
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Products
    • Auto Insurance >
      • Roadside Assistance
      • Classic Car Insurance
      • RV Insurance
      • ATV Insurance
    • Life Insurance >
      • Final Expense Insurance
    • Health Insurance >
      • Dental Insurance
      • Vision Insurance
      • Medicare Supplement Coverage
      • Critical Illness Insurance
      • Long Term Care Insurance
    • Business Insurance >
      • Workers Compensation
      • Event Insurance
      • Business Owners Package (BOP) Insurance
    • Property Insurance >
      • Home Insurance
      • Condo Insurance
      • Renters Insurance
      • Flood Insurance
      • Landlords Insurance
    • Annuities
    • Motorcycle Insurance
    • Boat Insurance
    • Umbrella Insurance
    • Disability Insurance
    • Pet Health Insurance
    • Aviation Insurance
    • Travel Insurance
  • Blog
  • About
    • Agency Staff
    • Insurance Carriers
    • Client Testimonials
    • Accessibility Statement
    • Refer a Friend
    • Helpful Links
    • Reviews
    • News
    • Videos
  • Contact
  • Quick Quote
  • Home
  • Quotes
    • Quick Quote
    • Auto Quote
    • Homeowner Quote
    • Life Quote
    • Business Quote
    • Health Quote
    • Boatowner Quote
    • Umbrella Quote
    • Condo Quote
    • Flood Quote
    • Renters Quote
    • Motorcycle Quote
    • Disability Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Change
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Products
    • Auto Insurance >
      • Roadside Assistance
      • Classic Car Insurance
      • RV Insurance
      • ATV Insurance
    • Life Insurance >
      • Final Expense Insurance
    • Health Insurance >
      • Dental Insurance
      • Vision Insurance
      • Medicare Supplement Coverage
      • Critical Illness Insurance
      • Long Term Care Insurance
    • Business Insurance >
      • Workers Compensation
      • Event Insurance
      • Business Owners Package (BOP) Insurance
    • Property Insurance >
      • Home Insurance
      • Condo Insurance
      • Renters Insurance
      • Flood Insurance
      • Landlords Insurance
    • Annuities
    • Motorcycle Insurance
    • Boat Insurance
    • Umbrella Insurance
    • Disability Insurance
    • Pet Health Insurance
    • Aviation Insurance
    • Travel Insurance
  • Blog
  • About
    • Agency Staff
    • Insurance Carriers
    • Client Testimonials
    • Accessibility Statement
    • Refer a Friend
    • Helpful Links
    • Reviews
    • News
    • Videos
  • Contact
  • Quick Quote

Why Car Insurance Rates Change as you Grow Older

1/11/2017

0 Comments

 
Picture
Age affects car insurance rates. When you’re young, you’re often charged with high premiums (for a reason, of course!) The good news is that it goes down with age. But unfortunately, it goes up again in the later years. Here’s why!


The Reason for Changing Rates


Car insurance quotes usually depend on the type of car, the driver, as well as the location. Certain factors about the driver are considered too, like marital status and age. But why age? Well, the data shows it’s primarily because the very young and the very old get into more driving accidents.

Statistics show that accidents happen 2.2 times the national average for young drivers up to 20 years old, and 1.7 times the national average for ages 21 to 24. Accident rates for drivers above 74 years old are actually below average. However, that doesn’t consider the distance driven and how older people tend to drive less. But if these factors are considered, statistics show that fatal accidents are more than twice as likely to happen for drivers below 30 years old and those who are 80 to 85 years old. For those who are more than 85, on the other hand, the rate is approximately 5 times the national average.

Solutions to Age-Related Rate Changes

While it’s impossible to turn back time, there are ways in which drivers can reduce their car insurance quotes. Young drivers typically save money by:
  • Enrolling in a driving course,
  • Getting good grades for those who are still in school,
  • Forgoing comprehensive and collision coverage if using an old car that isn’t worth much, and
  • Reducing their liability coverage limits if they don’t have many assets to protect.

People who believe that they’re safer than the average young driver may want to consider looking into usage-based insurance. This type of insurance offers savings to those who avoid risky driving, drive limited miles and don’t drive during nighttime.

Older drivers, on the other hand, may save money by:
  • Enrolling in safety driving lessons,
  • Dropping comprehensive and collision coverage on older cars, and
  • Getting usage-based insurance.

Bear in mind, however, that the type of coverage you get or drop should depend on your situation and needs. The benefits of forgoing should outweigh the risks. Before you decide on anything, talk to your agent first to discuss your options.

Robert Nichols Insurance Group specializes in providing reliable auto insurance coverage to the residents of Florida. You may earn discounts to save on your premiums! Don’t hesitate to talk to one of our agents and get quoted for free. Call us at (561) 406-6153 or visit us today.
0 Comments



Leave a Reply.

    Contact Us

    (561) 406-6153
    1557 Park Ln S Ste 102
    Jupiter, FL 33458
    Click Here to Email Us

    Archives

    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015

    Categories

    All
    Auto
    Auto Insurance
    Best Of Florida
    Flood Insurance
    Florida State Univeristy Alumni Owned Business
    Home Insurance
    Life Insurance
    Proud Honoree Seminole 100
    Renters' Insurance
    Roadside Assistance
    RV Insurance
    Safety
    Vehicle
    Winner
    Workers' Compensation Insurance

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Privacy Policy
Insurance Products
Contact Us
Agent Login

Social Media

Facebook
Twitter
LinkedIn
Google
YouTube
​
Pinterest

Contact Us

Robert Nichols Insurance Group
1557 Park Ln S Ste 102
Jupiter, FL 33458
(561) 406-6153
Click Here to Email Us
Review Us

Jupiter, FL Location

Website by InsuranceSplash