I had a friend who worked in auto insurance for a few months, he said that it is all a myth, which is hard to believe. I live in California, and I wanted to get a nicer car when I’m older but insuance is going to be a killer.
By: Keenan H
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By: Keenan H
About the Author:
Shocking Secrets That Banks And Insurance Companies Don’t Want You To Know
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Sunday, March 29th, 2009 at 5:50 am
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March 31st, 2009 at 10:05 pm
25 is the magical age for insurance companies. For a single male, this moves you from high-risk to the low-risk category…cause now you really know how to drive.
April 2nd, 2009 at 11:47 pm
Your rates will drop as you get older and create a good record of safety; I’m not aware of any policy that states 25 is some magic number, mine didn’t change too drastically at that time.
April 5th, 2009 at 4:34 am
I did get a rate reduction at 26. But then I started driving late because my parents didn’t want to pay the insurance.
The rate reduction is not hugh, but there is a rate reduction after 7 years behind the wheel. There’s additional rate reductions based on marriage, and profession.
The best way to get the best deal is to shop around, as with anything that you’re purchasing, if you do the work and shop, you’ll be able to get the best deal possible.
April 6th, 2009 at 8:09 am
your friend is right, its a myth. your rates get lower the longer you are licensed and have a clean driving record.