You cannot control how old you are, but it still can impact what you pay for auto insurance. Car insurance companies assign pricing for policies based on the amount of risk a person presents. Age can be a factor in that risk. It's important to know that companies do not target individuals on a specific basis. Rather, they use a process to assign risk based on past activities. Take a closer look.
How Does an Insurer Assign Risk to a Driver?
With car insurance, insurers will use past data to determine how risky a driver is. These organizations conduct comprehensive studies to look at these factors. For example, they look at previous claims and accident records. They determine if there is a correlation between a driver's age and his or her likelihood to cause an accident. In this way, there are several key areas that could impact your rates.
Are You a Younger Driver?
Younger drivers tend to have less experience. This limited experience can mean the driver is more likely to cause an accident. He or she may be at a higher risk of making a mistake that could lead to an accident. In this way, younger drivers are usually a higher risk. Auto insurance companies will charge younger drivers more. Generally, drivers under the age of 20 pay a bit more than drivers over this age. Each agency sets age limits for pricing based on their research.
Are You an Older Driver?
Older drivers can be high-risk, too. Declining eyesight and slower reactions can indicate a bigger risk. It may be hard to avoid accidents. These drivers may have experience, but they often have fewer skills over time.
Your History Matters Most
Age can play a role in car insurance costs. However, this is not the biggest factor. Your driving history and record matters most. Avoid being in an accident. Don't get moving violations or other tickets. Demonstrate safe driving habits over time. Get good grades in school. Maintain even coverage for your vehicles over the long-term. These factors tend to matter most.
Your age may not be something you can control. Yet, you can control your driving skill and history. Work to meet goals in this area. This will help keep your car insurance costs down. And, if you are a safe driver, be sure your auto insurance carrier knows you are accident-free. Always strive to keep your car insurance active, and remember to drive safely at all times.
Have questions about your Pennsylvania car insurance? Contact The Weimer Group at (800) 716-6617 or via email to discuss your needs and options.
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