How can I lower my car insurance after 25?

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asked Nov 13, 2023 in Insurance/Registration by Arcuda2001 (2,100 points)
How can I lower my car insurance after 25?

1 Answer

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answered Nov 14, 2023 by Egsbendict (20,790 points)
You can lower your car insurance after 25 by keeping a good and clean driving record, avoiding accidents, getting a cheaper or older car, switching auto insurance companies and or asking for a lower premium.

Some reasons your car insurance is too high is your location, value of vehicle, make and model of vehicle, driving habits, driving record or your age.

Things that can affect your insurance premium are location, deductibles, limits, type of coverage, driving habits, traffic violations, driving records and the value or make and model of the vehicle.

Things that make insurance rates go up are traffic violations, DUI arrests, Auto Accidents, change in address, change in value of vehicle, age and anti theft features.

The age that pays the most for car insurance is people below 25 years of age and people over 60 years of age.

Insurance is cheaper for over 25 years of age as long as you have a good driving record and do not have any at fault accidents.

Insurance does also go down at 21 and at 25 years of age as long as you keep a good driving record and have no at fault accidents.

Insurance can and usually does go down at age 19 and will tend to plateau until you reach your 50's and 60s.

It is true that when you turn 25 your insurance goes down as long as you have a good driving record and no at fault auto accidents.

My auto insurance starting going down when I turned 25 but it may not happen right away.

The age that car insurance is cheapest is at age 25 and older.

Most times as long as you have a good driving record the car insurance will get cheaper and go down at age 25 and beyond.

Young drivers under the age of 25 are more likely to get into car accidents than older drivers which is why car insurance is higher in cost before age 25.

Insuring a new car costs more as they are higher in value and also because you have to have full coverage auto insurance on the new car.

With an older car as long as you don't have a loan on it you can insure the old car with liability insurance which is cheaper and also because the older car is cheaper to replace and fix than a newer car would be.

Females sometimes pay more for car insurance as some auto insurance companies see women as riskier drivers than men.

However it can be the opposite with other car insurance companies where the male pays more for auto insurance especially those who are new to driving or under 25 because they are seen as riskier drivers.

Most times when a man or woman gets older such as above 25 and has a good driving record their auto insurance rates may drop.

Insuring a new car is more expensive than insuring an old car because the new car requires full coverage insurance and because of the higher value of the new car to repair or replace.

Older cars that are owned outright only need liability auto insurance and not require full coverage so that makes it more cheaper and the fact that the older car is cheaper to replace.

Having a good credit based insurance score can help you pay a cheaper car insurance premium as well as having a cheaper car and good driving record.

Your credit based insurance score is the score that is used to determine how good of a risk you are to the insurance company.

Your credit based insurance score is a score that is determined from your actual credit score and when you have a low credit score your credit insurance score will lower and when you have a higher credit score your credit based insurance score will be higher which is a good thing.

The higher your credit based insurance score the lower your insurance rates will likely be and the lower your credit based insurance score the higher your insurance rates will usually be.

So when you're a good risk to the insurance company you'll usually pay less for your insurance than you would if your a poor risk to the insurance company.

An auto insurance score is based on the information from credit reports that insurers use to estimate how likely drivers are to file a claim.

An insurance score, also known as an insurance credit score, is a rating that is computed and used by insurance companies that represents the probability of an individual filing an insurance claim while under coverage.

The score is based on the individual's credit rating and will affect the premiums they pay for the coverage.

Paying car insurance monthly does not build credit.

You can pay your car insurance, monthly every few months or annually or whichever way you prefer or what ever way your insurance company allows you to pay.

Car insurance or auto insurance will not build your credit.

Although if you do default on your monthly car or auto insurance payments it may or may not lower your credit score.

Although defaulting on your car insurance or auto insurance payments can lead to a lower insurance score which can make you pay higher car or auto insurance premiums.

But paying monthly, yearly every few months etc has no effect on your credit score.

I prefer to pay my auto insurance or car insurance yearly though as I pay it once a year and don't have to worry about forgetting to pay the auto insurance.

I have done that before and only found out when I got pulled over and I thought I had current auto insurance but a few months went by and I was canceled.

So now I pay the auto insurance yearly so I ensure I have auto insurance.

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