So the base rate for your car insurance policy changes at this age because you ve matured into a better driver class.
Cheap car insurance over 25 years old.
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Marital status age gender years of driving experience and accident statistics normally are used to classify drivers.
The average car insurance rate for a 25 year old driver is 1 770 per year or about 885 for a standard six month policy.
It s not a car insurance discount for turning 25 as some believe.
The average cost of car insurance went down from 3 600 a year to 3 200 per year when our driver turned 25 a decrease of 11.
If you took out a loan to purchase the car many lenders including car dealer finance companies will require that drivers aged under 25 years old take out comprehensive car insurance as a condition of the loan.
However our sample driver saw similar or even larger drops in costs in one year differences for other ages from 18 to 25.
So if your car is totaled in a covered collision the maximum amount your insurer would pay you to help replace it is the car s depreciated value.
While 25 year old drivers do pay more than the national average their premiums decrease by nearly 300 per year just by virtue of turning 25 and no longer being designated as young drivers.
This can be expensive but your lender may insist on it.