• The Insurance Pros

Does my AGE increase my rate?



What Age groups are most expensive to insure?


Answer: 16 to 25 and 75+


However, some costs are in your control. Let us Explain:


WHY IS THE RATE HIGHER?.....I'M A GOOD DRIVER

The bulk of your rate comes from insurance pooling or the age group to which you belong. One of the insurance 'pools' is done by age. In other words, you are paying average risk prices for other people in your same age group.


WHAT CAN BE DONE?

- The best option for saving money is to have as few vehicles as possible in the household.


- The other large cost savings is to have 'liability only' coverage on some of your vehicles. However let us explain the full long term ramifications of choosing liability only. You may save money on your monthly premium but if you experience an accident or loss, you may not be fully covered.


There might be a few other small adjustments to lower premium. To find out what those are, or if you have other questions, please call our office at 435-654-6664 or email us at info@theinsurancepros.com

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