On average, 25-year-old drivers can expect to see affordable rates. Your rates are expected to be the lowest they will be until you hit your mid-thirties. According to statistics on average insurance rates by age, you can expect your premiums to be up to 74% less than your first-time driver counterparts. However, those rates can be impacted by other factors. Here are four ways to keep your insurance premiums down.
Be a safe driver. Traffic tickets and moving violations play a role in determining your insurance rates. Keep a clean driving record and try to be collision-free to help keep your rates down.
Forgo the luxury vehicle. Once people hit their mid-twenties and their income becomes more stable, drivers often consider buying newer and/or luxury vehicles. Newer cars and vehicles that require higher maintenance will be more expensive to insure due to the cost of repair should an accident occur. If you want lower rates, consider buying a more sensible option.
Ask about discounts. Many insurance companies will adjust rates for bundling or for particular audiences. For example, insuring your car with a spouse or combining it with other policies, such as home insurance, can help to reduce your rates. You may also ask about other discounts that apply to students, veterans, electric-vehicle drivers, or those with safety training to see how A-MAX can help you lower your rates.
Keep your credit score in good standing. Your credit score can affect the prices you pay. Keep up your credit score by making timely payments and you can expect to see better rates than others with a lower score.