Because they have more driving experience older drivers are likely to pay less for coverage.
Average auto insurance rates by state and age. Drivers between ages 60 and 69 file fewer car. In our study of car insurance rates from the five largest insurers across all 50 states and. The average auto insurance cost in Ontario is 1634 per year.
992 females 1088 males. At the age of 25 the drivers average rate is less than half of the lowest rate. New and teenage drivers.
Average price per car. Recommended liability coverage is nearly 1500 more expensive per year for a 20-year-old on average than it is for a 75-year-old on average. As drivers age their car insurance rates typically change as well.
The average cost of car insurance for a 25-year-old is around 1600 according to a 2019 insurance study. Again lets compare the average price of car insurance in these states to. According to Bankrates 2021 study on average annual premiums the average cost of full-coverage car insurance for 60-year old drivers is 1544 annually.
2769 females 3195 males. Annual Minimum Coverage Cost. In many states average rates declined from 2020 to 2021 but in Louisiana rates climbed 19 to an average premium of 2839.
Louisiana is now the king of expensive car insurance moving into first place this year as Michigan the most expensive state for seven years in a row slips into second although there is a bit of a technicality. How much would car insurance cost for a 22-year-old. Car insurance rates by age.