Well, I know some of you are around the age of 25 and I was just curious about auto insurance discounts. I know when I turn 25 (October 4) the insurance is supposed to go down. I have No accidents or any claims. Does anyone know approximately how much it would go down? I have full coverage on my 2002 Focus and I am the only driver and married.

My insurance (just the auto portion) actually just went down from $122 per month to $109 per month because I have been accident free and my multiple line discount increased (also have home owners).

I am with State Farm and was curious. I know I could call them but just wanted to see others rates.

-Matt

 

I think they actually changed that rating to 30 years old for males, and 26 for females. At least that's what they told me when I turned 25.

 

Don't expect any drop.
Sorry but you may get an increase due to "They raise the premiums" because they can.
The fact that you have been married you were given a discounted rate.

Now you know I made that statement on The Ford boycott thread about everyday some is discrimminated against.

 

25 years old? I can't remember that far back!!

Actually, it's not only your age but how long you have been an insured driver in Ontario. I wouldn't expect a huge discount, typically all your discounts will not exceed 10-12% of your premium.
I have heard horror stories of people(middle aged adults) moving to Ontario from Europe (not sure about the US) with years of driving experience only to be told that they are not recognized as experienced drivers. They are quoted premiums as they were brand new drivers! Ouch.

 

I have heard that being married already gives you the decrease and turning 25 does nothing more after that. I was single when I turned 25 and I got a pretty decent drop, but can't remember the numbers.

BTW, insurance on my Focus is more than double the insurance on either of my trucks. (Hint Matt, dump the Focus and get a truck! )

 

Mine dropped when I turned 25. I was only a secondary driver at the time.

My previous vehicle I had for two years and in my second year of ownership my insurance dropped about $20 a month. It was nothing to do with my age but that the rates had dropped as I was told by my insurance company.

I have been told recently that when you turn 35 your rates will drop. I turned 35 last week and now I'm waiting to see if that's true. My policy renews in August.

 

it depends on the company. some have a drop at 25. some are 7 years as an experienced driver. when someone turns 25 id be calling around for sifferent quotes. also some companies if you done turn 25 within 90 days of you renewal you have to wait untill the next renewal to see the drop

 

My insurance company tried that! Policy date Oct 6, birthday Nov 1. I called to complain, and they sent me a revised policy after I sent a downpayment.

 

ive heard presidents choice is pretty good for insurance rates

 

2 years and I'm still waiting for my request for quote package from PC....

My sister got a good quote from them but you have to jump through 100's of flaming hoops to actually be a customer. She ended up going elsewhere....

2 cousins of mine were having lots of problems with PC customer support for their mortgages.

PC has good rates for banking and insurance, but their customer support is just brutal.

 

good info to know

 

Well, I was talking to my insurance agent the other day. He ran some numbers and my insurance will go down around $15-20 per MONTH when I turn 25. Just FYI.

-Matt

 

Ahh Matt, your rates will go down but more importantly your IQ will go up a few points!! with age comes wisdom young grasshopper!!

 

How much will the final discount be after they increase the premiums for other reasons

 

Sure does Frank!

Ironically, Dennis, my rates have been going down for the last year or so. I remember when I first got my car it was costing me $195 per MONTH for both my house AND car insurance. Now it is costing me $170 per month.

-Matt