Does My Auto Insurance Go Down After 25 Years Old?

Turning a quarter-century old does have some benefits, including being able to rent a car without paying huge fees for being a young driver and potentially lower auto insurance rates. Does turning 25 years old guarantee lower insurance rates? Let’s find out.

First, it’s important to understand that age is simply one factor that auto insurance providers consider while calculating your premium. Another important thing to understand is that insurance companies don’t like to give away money if they don’t have too, so just because you turn 25 doesn’t mean you’ll automatically see lower rates. Often, you’ll need to contact your provider and request that your premium be lowered because of your age. Sometimes, your provider may tell you that they can offer you lower rates when you renew your policy, however, you shouldn’t blindly accept this as something set in stone. Shop around with other providers, such as San Marcos Insurance Group who serves the Chandler, AZ area, then return to your auto insurance provider and ask them how much they value you as a customer. You may see your rates adjusted on the spot when you demonstrate that you’re willing to shop around and leave your provider, if necessary, to get a lower premium.

Secondly, you need to consider that there are other factors influencing your premium. If you just turned 25, but also just bought an expensive luxury car or high horsepower sports car, your premium may actually go up. On the other hand, some lifestyle changes, such as getting married, could result in lower premiums even before you’re 25. Regardless of what your auto insurance provider tells you, the best way to ensure you’re getting the best price is to shop around. If you’re nearby the Chandler, AZ area, the San Marcos Insurance Group can provide you with personalized information regarding your exact situation. Showing your current auto insurance provider that you’re the type of customer that shops around lets them know that they may need to work harder to keep you as a customer, versus someone who blindly renews an auto insurance policy with the same company for years.

Why Does a Policy Get Cancelled in Chandler, AZ

In Chandler, AZ, agents of the San Marcos Insurance Group can help to identify potential problems within a policy that may pose a problem for drivers who may not have fully read it in its entirety before signing it. It is important to read through a policy completely before agreeing to it. Policies often contain a variety of stipulations that will allow a driver to be dropped if certain things occur. Many of these events may be out of their control. Take a few minutes and review your policy so you understand what is and is not covered. The following list contains a few reasons why policies get canceled.

  • Too many tickets in a one-year period of time
  • Too many accidents in a one-year period of time (Even if the accident is not your fault, it can work against you.)
  • Too many late payments or cancellation notices
  • Not maintaining a valid driver’s license
  • Excessive, non-accident related claims

At the San Marcos Insurance Group, residents of Chandler, AZ can find the answers they need when it comes to professional service and quality auto insurance. Agents at the office are able to answer questions and put the right insurance policy with the right person at an affordable rate. Every state requires its residents to carry at least a minimum amount of car insurance. Don’t let your insurance lapse due to an oversight or because you didn’t realize you were not meeting the requirements of the policy. Call our office today and get the answers you need to remain insured and financially protected from loss. A few minutes with one of our agents will get you back on track.