Cheaper Car Insurance -- Effects Of Age Grouping

Some age ranges are preferred in car insurance. It also goes the other way round, some are not. The importance of knowing the thoughts insurance companies have of your age group. We all should know by now that the higher the age bracket you belong to the more affordable your car insurance rate given a similar profile. So since your parents are certainly above that range if you are of driving age, then you can reduce your premims by using your parents' car insurance policy.

This may not be a good decision for some young people. This is because to take advantage of this the vehicle has to be registered in their parents' name -- making them legal owners. Add to that the fact that it is required that such young persons must live with their parents in order to take advantage of this option and the attraction gets reduced even further. You just have to choose if you want to take adult privileges with their attendant responsibities.

Many factors are used to calculate your auto insurance premium. How your age affects you auto insurance has been the subject of this article. However, you must note that its relevancy score will not be the same in every insurance company. On a larger scale, your profile will be interpreted differently by several insurance companies resulting in diverse quotes. The difference could be as much as $1000 or sometimes more. This disparity in auto insurance rates has made it important that you get and compare as many quotes as you can if you do intend to make massive savings.