How Your Age and the Amount You Drive Impact Your Insurance Cost 

Insurance companies consider age as a key factor when determining premiums. Generally, younger drivers, especially those under 25, may pay higher rates due to their limited driving experience and higher likelihood of being involved in accidents.

As drivers gain more experience and maintain a clean driving record, premiums often decrease.

The Impact of Annual Mileage

How much you drive each year also significantly affects your insurance cost. Drivers who spend more time on the road are statistically more likely to be involved in accidents, which can lead to higher premiums. Conversely, if you drive fewer miles, perhaps because you work from home or use public transportation, you may qualify for lower rates. Many insurers offer discounts for low-mileage drivers, so it’s important to accurately report your annual mileage.

Other Factors That Influence Your Rate

While age and mileage are important, they’re just part of the picture. Insurers also consider your driving history, the type of vehicle you own, where you live and the coverage options you select. Our team at Price Insurance takes the time to review all these factors to help you find the most competitive rates available.

How We Help Illinois Drivers

Whether you’re a new driver, a parent with a teen behind the wheel or someone recently retired and driving less, our team is here to guide you. We compare options from multiple carriers to ensure you get coverage that fits your lifestyle and budget.

Ready to review your auto insurance or have questions about your premium? Contact us today at Price Insurance to discuss your options and see how we can help you save.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.