It's high in the beginning, flattens out, then rises again later. Auto insurance is the reliable protection of your car, so when you finally decided to purchase it, there is a necessity to pay attention to auto insurance cost by age. Costs continue to generally decline with each birthday. On average, teens pay over three times more than the average driver, making them the most expensive age group to insure. When all other factors are the same or equal, older, more experienced drivers pay lower premiums than younger drivers. This varies by insurer. Auto Insurance Cost by Age. Before you buy insurance for your car, you may wish to have its value appraised so your policy will accurately reflect its worth. Average car insurance rates by age Average car insurance rates vary widely depending on the age of the driver. Once drivers reach 50, they'll see their best rates. Gender also plays a significant role in car insurance costs. Around age 60, however, auto insurance costs begin to increase and compare to what drivers see in their 40s. It is not a surprise that the age of the driver plays one of the most important roles in the determination of protection rates. What age does your auto insurance start going up? Cars generally must be at least 25 years old to be considered classics. Male Average Car Insurance Rates by Age. In order to better illustrate how age affects car insurance rates, here is a sampling of rates collected from CarInsurance.com for a 2004 Honda Civic LX. Please note that most cars lose value as they age, but in some cases, older cars attain a greater value by achieving classic car status. If the thought of a teen behind the wheel makes you nervous, you can imagine what an insurance company — which is financially responsible for their actions — feels. This may be hidden by other factors such as good driving and other discounts. When you're younger, this number can be up to 20% more. Once again, there are many factors that contribute to a car insurance policy’s cost. The cost for male insurance looks like the bottom of a "U". All policies for people aged 91 and over have been grouped together. How age affects car insurance rates — table of contents: Teens; 20s; 30s; 40s & 50s ; 60s Teens. Impact of age on motor insurance claims and premiums Chart One shows the percentage of customers claiming per policy, the average cost of a claim and the average premium for different age groups for private motor insurance in 2018 for people aged 18-20, 21-25 and so on in five year bands until age 90. However, typically age increases begin after the age of 80. Check the average cost of car insurance for your age, and find out if you're paying more or less than others in your region. How gender affects car insurance rates. During their life, a male car owner will pay more for car insurance than a woman will.