Does your auto insurance go down when you turn 21 years old? Do you pay a lower car insurance rate when you become 25 years old? Does the price for auto insurance go down when you get married? Do auto insurance rates keep going down your whole life, as long as you keep a good driving record? I’ll tell you what you need to know, so you can make sure you get the lower auto insurance rates you deserve.

A question I would sometimes hear from customers was, “I have been insured with you for a while now, when will my auto insurance rates go down?” Unfortunately, expecting the cost of your auto insurance to automatically drop, because you have not had any claims, and you have been insured with your auto insurance company for a few years, is a false expectation. However, I understand why people make the assumption, if they don’t have any claims, their rates will keep going down.

Everyone starts out with high auto insurance rates, when they are first licensed. This probably makes sense to you, since the lack of driving experience results in a greater chance of accidents & claims. If you try to get your own auto insurance before you have at least 3 years driving experience, you will pay A LOT for car insurance, even if you have a clean driving record. But as you get older, (or in a few states, as you have more years driving experience)your rates become lower.

15 years ago, most people saw substantial drops in the cost of their car insurance when they turned age 21, age 25, or married, as long as your driving & claims record remained unchanged.

Back then (as long as it did not conflict with state law), married females age 21 or older, married men age 25 or older, single women age 25 or older, single men age 30 or older, would all receive the same adult rating, and the rating class would stay the same until the driver was older than 50 and retired. A 31 year old single man would have the same rating factor as a 45 year old married woman, and they both would have the same rating factor as a 26 year old married man.

Now, rating based on sex, age, & marital status is more complicated, and can vary significantly from company to company. Some auto insurance companies will slightly drop your rate as you get older. You may see a gradually lower rate from when you were age 16 to 19, at age 20, 21, 22, 23, 24 & 25.

These gradual rating plans make the price savings less drastic at the traditional age 21 and age 25 price breaks. As you get older, you may continue to see a slight reduction in price, usually in brackets.

For example, age 35-39 may have a slightly lower rate than age 30 to 34. If you get married at age 35, you may see your price drop a bit. If you get divorced at age 37, you may see your car insurance rates increase.

If you keep a clean driving record & claims history, you should see lower rating factors as you age, and even lower rating factors as you age and stay married. Some insurance companies start raising your rates again once you are age 70, and increase them as you get older, since people over age 70 have a higher incidence of accidents & claims .
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Keep in mind this may not be true for all insurance companies. When I started working with auto insurance over 20 years ago, auto insurance companies all seemed to use the same rules. Now, there are big differences in how auto insurance companies rate car insurance, which is one of the reasons why shopping is so important to save money, by finding the insurance company which has the most favorable rating plan for you.

So, with the new rating plans, should you expect your auto insurance rate should continue to drop, until age 70, if you keep a clean driving record? Not really. Once you are over age 30, the savings is usually a few dollars, and your rates can actually be higher due to moving to a new zip code, getting a different car, getting divorced, etc. Even if everything about you stays the same, lower rates due to being older are usually offset by the regular rate increases imposed by auto insurance companies. This is because car insurance rates are linked to claims costs involving medical bills and car repair costs, which have a high rate of inflation.

Yet, auto insurance is very competitive, and the insurance companies are always devising new rating plans & discounts to give the best drivers the lowest rates, which is why it is so important to shop for car insurance each year. Auto insurance companies will sometimes lower rates & offer new discounts to existing customers.

But more often, a new rating plan with better rates will require your auto insurance company to start a new auto insurance subsidiary company, which will be marketed to new customers, and existing customers may have the opportunity to apply to the new auto insurance company, if they qualify.

In my experience, if you are 35 years old, insure with an auto insurance company & renew your policy every 6 months for 10 years, until you are 45, the rate increases over the 10 years you have been insured with the same auto insurance company, will make your auto insurance more expensive, even with lower rates due to age & a long term policyholder discount, than when you started.

You can’t expect to pay lower car insurance rates by not having claims & being a loyal customer by renewing your auto insurance policy each year. If you want lower auto insurance rates, you have to get them yourself by finding the best price for you by shopping with ALL the leading auto insurance companies each year.

Many people pay too much for their insurance because they never shop for better rates, or if they do shop, they don’t check the rates of enough companies. For a lot of people, the best auto & home insurance companies are the ones with the coverage they need at a lower price. With auto & home insurance, you don’t get better service or coverage because you pay more. Some of the best companies have competitive rates. Some companies charge twice as much as others for the same coverage. But no company has low rates for everyone, so you have to shop with all the leading companies, to find the company with the best coverage and best price for you.

How long have you been insured with your auto insurance company? Have your rates gone down? Tell me about your experience. Comment on my facebook page. Follow me on Twitter for important insurance consumer news and new blog entries at CarInsWatch. See auto & home insurance company reviews rating each company’s pricing, claims handling and customer service for over 40 different companies; customer complaint analysis for the major insurance companies in each US State; term life insurance rate surveys and more, on my home page at smartshopyourcarinsurance.com.