Does car insurance get cheaper the longer you have a driver's license?
Everyone says that new drivers have to pay the most for insurance. So does that mean I'm going to pay less over time? Is it because I've had my driver's license longer?
Answer provided by
Answered on Mar 12, 2021
Yes, the longer you have a driver’s license, the better your rates will be because you’ll be more of an experienced driver. The biggest rate decrease occurs once you’ve been licensed for three years. At that point, you are no longer considered a “new driver” and companies start to offer more competitive rates.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Will home insurance cover money stolen by a contractor?
"I hired a contractor to make an addition to my home. He asked for $29,000 to cover materials and labor. Once I gave him the money, he vanished. Will home insurance cover this theft? "
Apr 06, 2021
What’s the difference between a crossover and SUV?
I currently own a sedan, but it’s too small for me now that I’ve got a second child on the way. I want to upgrade to something bigger, maybe a crossover or SUV. What’s the difference between these two vehicle types?
Apr 08, 2021
Why does the car insurance company care if I want to raise my liability limits?
I was quoting different coverage limit options on my car insurance company’s website to see the price difference, and there was a pop-up asking why I was requesting this amount of coverage. Can’t I get whatever limit I want? Why do they care?
Apr 29, 2021