When do car insurance rates lower?

"I'm a 21 year old male. I have a new car and pay $250 a month for insurance. I'm in school and want to save as much money as I can.

When can I expect lower rates?"

“As a male, your car insurance tends to be higher than a female of your same age. While there are a lot of factors that go into car insurance rates, most drivers notice a decrease around age 25.
Once you hit 25, most drivers have close to ten years of driving experience and often have more financial stability than a younger driver. Since car insurance is based on risk, this means your rates will often be lower as long as you have a clean driving record.
Since you are a student, you can see if you qualify for a good student discount with your current insurance carrier.
You should shop around as well. You can request car insurance quotes with a variety of carriers to determine what the best rate for you is.”
Emily Maracle
Answered on Jun 18, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

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