How Age Impacts Your Auto Insurance Cost 

Insurance companies use age as a key indicator of driving experience and risk. Generally, younger drivers aged 16-19 are considered higher risk due to their limited experience and accident statistics, while older drivers may benefit from lower rates, up to a point. However, as drivers reach the age of 70-75, premiums may rise due to the increased accident risk associated with age-related changes.

Auto insurance premiums vary among providers, so it’s crucial to compare quotes from top area insurers. Our agents can help you understand your options and shop for the right combination of price and coverage.

Other Factors Insurers Consider

While age is important, it’s not the only thing that affects your Illinois car insurance premium. Insurers also look at:

• Driving history and claims record
• Vehicle value
• Where you live in Illinois
• Annual mileage
• Coverage options and deductibles

How We Help Illinois Drivers

Our team at Hanway Insurance is committed to helping drivers of all ages find the right coverage at favorable rates. We review your unique situation, tailor coverage to meet your needs and shop multiple carriers to ensure you get the best value.

Do you have questions about your auto insurance rates, or would you like to explore your options? Contact Hanway Insurance today to speak with one of our experienced agents.

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.