Many different factors play a role in determining your car insurance rates. Some of them will affect your rates more than others, and understanding what they are is important to ensure you get the most out of your premiums. Today, we will be looking at one specific element: age. This can sometimes be surprising to those new to the world of insurance. However, age is one of the factors that insurance companies consider when calculating your insurance rate. So, how does age affect car insurance rates? Who pays the most when it comes to their premiums? Luckily, isure has everything you need to know.

How does your age impact your insurance premiums?

When you take a look at car insurance rates in Ontario, or any Canadian province for that matter, you may notice a certain pattern. This pattern shows that teenagers and young adults tend to pay the most for car insurance. As these younger drivers age, their auto insurance rates tend to get less expensive. This is generally the case if people keep a clean driving record. As drivers enter their senior years, their car insurance rates tend to climb back up.

So, why is this the case? To put it frankly, this pattern generally has to do with risk, according to the insurance company’s perspective. When we look at risk, patterns show that young adults and seniors tend to get in the most accidents. To better understand this, we need to take a look at how teens, adults, and seniors pay for car insurance, and how age affects car insurance rates. Click here to check your rate based on your age and gender.

Teen drivers

It’s no secret that teen drivers tend to pay the most when it comes to car insurance rates. This is because they are some of the riskiest drivers to insure. This is why your first car insurance policy is likely to be your most expensive. Throughout the years, research has shown that teenagers and younger drivers get into more accidents than any other age group. There are many reasons this is the case, but the main one is simply due to inexperience. This lack of experience tends to lead to increased odds of a claim, which results in companies raising their premiums.

Adult drivers

When it comes to adult drivers, insurance rates tend to be much cheaper due to their level of experience and age. However, this isn’t always guaranteed to be the case. Tickets and driving convictions should be taken into account. This is because convictions, such as speeding tickets and DUIs, will always raise your premiums. On top of this, if you got your licence later in life, say at 25, your premiums are going to be higher than someone who got it at 16. This is due to inexperience. If you keep a clean driving record, your insurance rates will lower throughout the next few decades.

Senior drivers

When you start approaching your senior years, you may notice an increase in your car insurance rates. Unfortunately, this is due to age-related factors influencing one’s driving capabilities. Compromised vision, hearing, or slower reaction rates can lead to a higher chance of accidents for those who are older. This tends to be the case no matter how clean someone’s driving record has been throughout their life. With this in mind, it should be noted that no matter how old you are, your rates will unlikely reach prices paid by teenagers or young adults. Once again, this is due to a matter of experience, since it is likely you’ve been driving for multiple decades. On top of this, many insurance providers will offer discounts on car insurance once you reach a certain age or are retired.

How much do your car insurance rates change as you age?

In Ontario, it is common for your car insurance rates to drop after you’ve been driving for roughly six or so years. However, this isn’t always the case. You must have a solid driving record to take part in this. From there, many factors will continue to affect your rates, such as where you live or any laws that are set in your province. At the end of the day, age is only one of many factors that will determine your rates. Other factors such as your gender, your home address, and the car you drive will make significant contributions to how much you pay. With this in mind, drivers can expect their insurance premiums to change as they get older.


Keeping your driving record clean is a massive factor when it comes to keeping your premiums low. Though you may see an increase as you age and get senior car insurance, it is important to look into discounts to continue to pay less. Remember, no matter your age, if you are in the market for new car insurance, contact us or request a quote today to see how you can save on car insurance!

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