At the age of 12 you can get your hunting license, a driver’s license at the age of 16, buy a gun and vote at 18, gamble and buy alcohol at 21, but you can’t rent a car until you’re 25. Seems a little off, right? So, why exactly is it that by the time you can rent a car, you’ve been driving for 9 years and your car insurance premiums are finally lowered?
The answer is: insurance. Accident rates drop significantly after 9 years of driving with an average of 9 accidents per year per 100 drivers. Drivers over the age of 25 are half as likely to cause an accident than beginner drivers. Per driver, insurance rates are adjusted based on a combination of factors. These factors being whether you’re married or not, how old you are, your gender, the number of accidents you’ve been in and your location.
In this day and age, saving a buck is hard to do, but definitely something we strive for. Saving money on your car insurance is a possibility in the game of life. However, you must be between the ages of 50 and 65, be a woman (women are statistically safer drivers), be married for that discounted rate, live in the rural areas instead of the cities where car insurance is cheaper, fully cover yourself for an insurance drop at 25, and pretty much just stop wrecking your car.