Cheap Car Insurance Over 25 Years Old

A standard car insurance policy may include comprehensive coverage or collision coverage with limits based on the car s depreciated value its actual cash value.

Cheap car insurance over 25 years old.

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. 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.

Yes but there is nothing unique about the change in rates from 24 years old to 25 years old. Marital status age gender years of driving experience and accident statistics normally are used to classify drivers. It s not a car insurance discount for turning 25 as some believe. 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.

This can be expensive but your lender may insist on it. Compare cheap car insurance quotes for 25 year olds comparing quotes with moneysupermarket is the easiest way to find a better deal on cover for your car.