When car insurance companies look at your risk profile, they take a number of factors into account. From your driving record, to your coverage amounts, to your credit score, an insurance company wants to get an idea of how likely it is that they will have to pay out on a claim on your behalf.
One of the factors that insurance companies look at when setting premium amounts is your age.
If you want to save money on your insurance premiums, it helps to understand how age affects what you pay. There might not be a lot you can do about it, since you can’t change your age, but you can compensate for your age.
Let’s take a look at how age affects your car insurance and what you can do about it. [Read more…] about How Age Affects Your Car Insurance Rate and What You Can Do About it