2006-09-14 07:59:30 · 9 answers · asked by three6ty 4 in Cars & Transportation ➔ Insurance & Registration
Ahh, the "your insurance will drop when you're 25" myth.
Insurance credits are usually based on years of driving experience, not your specific age. This can vary from state to state, so I will use my state as an example. Here in NC, you generally will see the most significant drops in insurance when you reach the 3 and 10 year driving marks.
So if you started driving at 16, you will see drops at 19 and 26 (NOT 25!!!), considering of course that you still have a clean record and no accidents. The 3 year drop is usually very significant (this is when your inexperienced operator charges are dropped), while the 10 year drop isn't quite as significant, but it usually is noticeable.
Hope that helps.
2006-09-15 06:33:49 · answer #1 · answered by Beth 4 · 0⤊ 0⤋
Honestly not much - even to the point where it doesn't drop.
Insurance is based on history and ur driving records - so don't expect it to be much cheaper now that you're 25.
I've turned 25 last year - insurance only drop VERY little.
2006-09-14 08:08:28 · answer #2 · answered by nissin67 2 · 0⤊ 0⤋
Don't expect it to drop too much. I remember thinking mine would drop at 25 and it didn't. The only time it went down drastically was when I got married.
I think I got more of a discount to keep a fire extinguisher in the car, that was 5%! All I had to do was buy a $10,00 extinguisher.
2006-09-14 10:08:45 · answer #3 · answered by Steve S 2 · 0⤊ 0⤋
It depends on what kind of insurance you have, who you have it with, etc. But mine only went down about $15/ month; But I do have very good insurance.
2006-09-14 09:16:24 · answer #4 · answered by dyingatwork 6 · 0⤊ 0⤋
depends if you currently have a good student or multicar discount it wil drop 10% or so, if you don't the you can expect 25% drop!
2006-09-14 08:03:14 · answer #5 · answered by Mango S 2 · 0⤊ 0⤋
Very little. I just turned 30 and mine didn't even drop.
2006-09-14 08:01:07 · answer #6 · answered by Stumpy 4 · 0⤊ 0⤋
Don't get your expectations up to high. I may or may not drop much.
2006-09-14 08:04:56 · answer #7 · answered by sizzler 2 · 0⤊ 0⤋
If you have a clean driving record, 5-8%
2006-09-14 08:07:18 · answer #8 · answered by curiositycat 6 · 0⤊ 0⤋
Nothing. I ave been hearing this since 1980 when I was 16. each milestone year it was supposed to go down. It never does.
2006-09-14 13:54:55 · answer #9 · answered by Anonymous · 0⤊ 0⤋