Direct answer
Yes, age significantly affects costs because insurance companies use actuarial data that correlates younger, inexperienced drivers with a higher statistical risk of accidents. It depends on your individual driving history and whether you qualify for good student or defensive driving discounts.
National Association of Insurance Commissioners (NAIC) reports on auto insurance pricing by demographic. For additional information about insurance trends and state-specific data, see the National Association of Insurance Commissioners (NAIC) website.
What this means for you
Yes, age significantly affects costs because insurance companies use actuarial data that correlates younger, inexperienced drivers with a higher statistical risk of accidents. It depends on your individual driving history and whether you qualify for good student or defensive driving discounts.
FARMER STOCKMAN
Protecting Your Future with Confidence
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This page is informational and not a coverage guarantee or quote.
