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The difference of car insurance price by age group is a reality, the younger and/or inexperienced a driver is, the higher the value of their car insurance tends to be. In this article we will explain this subject better.

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If you have car insurance or are looking to buy one, you know that there is a price difference by age group that can be huge in some cases.

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But, you may not quite understand why this happens.

The value of car insurance is defined based on different information that varies greatly from one person to another, which is why insurers require profile analysis.

In this article, we will explain this subject better and show why there is this difference in car insurance prices by age group, follow along.

Difference in car insurance prices by age group

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What are the factors that can change the value of a car insurance quote?

As mentioned, there are many factors that can change the value of a car insurance quote, and age is just one of them.

After all, the price of this service is calculated individually according to the habits and characteristics of each driver.

There are certain characteristics and usage habits of the vehicle that can increase or decrease the risk of vehicle theft or theft, or involvement in accidents and other accidents.

It is these risks that cause policyholders to increase or decrease the value of the insurance.

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One of the factors that influences this aspect is the age of the driver, the younger he is, the higher the insurance value tends to be, this also applies to older drivers who have only recently been licensed.

What makes this price higher is the inexperience of the driver, which increases the risk of an accident occurring.

Another point is that research indicates that young drivers are more involved in accidents than older people.

In addition to these factors, habits such as leaving the vehicle parked on the street during working hours, or in closed parking lots also influence the value of the insurance, as well as: having security equipment such as alarms, trackers, etc.; gender; marital status and more.

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What do the research indicate that makes the price of car insurance by age group different?

Insurance values ​​are calculated as we have already said according to variables and research carried out by official or reputable bodies also serves as a basis for calculating this increase.

One of these studies considered is the Annual Traffic Accident Report carried out by the municipality of São Paulo.

According to the last report published in 2018, of all traffic victims characterized as drivers or passengers, the majority were people between 20 and 49 years old.

According to the same research, the highest age group for traffic accidents with fatal victims is 20 to 39 years old.

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Still within this category, around 80% of victims are men.

Another survey, carried out by Seguradora Líder, responsible for DPVAT compensation, was carried out during 2018.

Only accidents involving compensation paid by DPVAT were considered.

In this case, the victims who received the amounts included drivers, passengers and pedestrians of cars, motorcycles, trucks and others.

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The first age group most compensated was that of 25 to 34 years old (25%), in second place is that of 45 to 64 years old (22%) and in third place are tied the groups of 18 to 24 years old and that of 35 to 44 years (21%).

Insurance price tables by age group

So that you can better understand the difference in car insurance prices by age group, we have separated some examples of car insurance quotes, where models, year of production and location are the same, only the age range of the profiles changes.

This way, it will be simpler to understand how this difference is applied.

Remembering that, in addition to age, there are other factors involved in the price that were not mentioned, such as: contracted coverage, zip code of residence, vehicle usage habits and others.

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Auto insurance quotes for cars 2020

Model Driver profile Location Price
S10 Pick-Up Lt 2.8 Tdi 4X4 Cd Diesel Aut Male, 73 years old Campo Grande, MS BRL 3,075.24
S10 Pick-Up Lt 2.8 Tdi 4X4 Cd Diesel Aut Male, 43 years old Campo Grande, MS BRL 4,550.71
S10 Pick-Up Lt 2.8 Tdi 4X4 Cd Diesel Aut Male, 33 years old Campo Grande, MS R$ 3,977.30
Mobi Like 1.0 Fire Flex 5P. Female, 57 years old Fortaleza – CE R$ 1,627.84
Mobi Like 1.0 Fire Flex 5P. Female, 29 years old Fortaleza – CE R$ 1,147.95
Mobi Like 1.0 Fire Flex 5P. Female, 18 years old Fortaleza – CE R$ 2,596.70
Kwid Zen 1.0 Flex 12V 5P Mec. Female, 54 years old Salvador BA R$ 3,978.20
Kwid Zen 1.0 Flex 12V 5P Mec. Female, 41 years old Salvador BA R$ 2,657.41
Kwid Zen 1.0 Flex 12V 5P Mec. Female, 32 years old Salvador BA R$ 1,991.11

Auto insurance quotes for cars 2019

Model Driver profile Location Price
Sandero Stepway Exp. Flex 1.6 16V 5P Female, 57 years old Curitiba – PR R$ 1,391.67
Sandero Stepway Exp. Flex 1.6 16V 5P Female, 56 years old Curitiba – PR BRL 1,573.17
Sandero Stepway Exp. Flex 1.6 16V 5P Female, 46 years old Curitiba – PR BRL 2,113.35
Kicks S 1.6 16V Flexstar 5P Mec. Female, 57 years old Sao Paulo-SP R$ 1,606.26
Kicks S 1.6 16V Flexstar 5P Mec. Female, 39 years old Sao Paulo-SP R$ 1,787.80
Kicks S 1.6 16V Flexstar 5P Mec. Female, 28 years old Sao Paulo-SP R$ 1,981.97
Corolla Xei 2.0 Flex 16V Aut. Female, 55 years old Campo Verde – MT R$ 1,143.37
Corolla Xei 2.0 Flex 16V Aut. Female, 43 years old Campo Verde – MT BRL 2,796.18
Corolla Xei 2.0 Flex 16V Aut. Female, 38 years old Campo Verde – MT R$ 3,038.53

Auto insurance quotes for cars 2018

Model Driver profile Location Price
Prism Sed. Joy/ Ls 1.0 8V Flex 4P Male, 70 years old Rio de Janeiro – RJ R$ 1,241.62
Prism Sed. Joy/ Ls 1.0 8V Flex 4P Male, 40 years old Rio de Janeiro – RJ R$ 1,815.74
Prism Sed. Joy/ Ls 1.0 8V Flex 4P Male, 35 years old Rio de Janeiro – RJ BRL 2,814.35
Strada Working Hard 1.4 Fire Flex 8V Cd Male, 65 years old Belo Horizonte – MG R$ 1,666.56
Strada Working Hard 1.4 Fire Flex 8V Cd Male, 43 years old Belo Horizonte – MG R$ 2,040.13
Strada Working Hard 1.4 Fire Flex 8V Cd Male, 28 years old Belo Horizonte – MG R$ 3,411.70
Polo Comfort. 200 Tsi 1.0 Flex 12V Aut. Female, 56 years old Chapecó – SC BRL 2,264.46
Polo Comfort. 200 Tsi 1.0 Flex 12V Aut. Female, 37 years old Chapecó – SC BRL 2,417.34
Polo Comfort. 200 Tsi 1.0 Flex 12V Aut. Female, 36 years old Chapecó – SC BRL 2,670.15

Auto insurance quotes for cars 2017

Model Driver profile Location Price
Onix Hatch Lt 1.0 8V Flexpower 5P Mec. Female, 49 years old Sao Paulo-SP R$ 1,070.48
Onix Hatch Lt 1.0 8V Flexpower 5P Mec. Female, 39 years old Sao Paulo-SP R$ 1,813.23
Onix Hatch Lt 1.0 8V Flexpower 5P Mec. Female, 20 years old Sao Paulo-SP R$ 8,715.24
Hb20 Comf./C.Plus/C.Style 1.0 Flex 12V Female, 37 years old Campo Grande, MS R$ 1,366.37
Hb20 Comf./C.Plus/C.Style 1.0 Flex 12V Female, 29 years old Campo Grande, MS BRL 2,308.57
Hb20 Comf./C.Plus/C.Style 1.0 Flex 12V Female, 24 years old Campo Grande, MS BRL 2,796.99
Ka 1.0 Se/Se Plus Tivct Flex 5P Female, 60 years old Aracaju – SE R$ 1,226.79
Ka 1.0 Se/Se Plus Tivct Flex 5P Female, 47 years old Aracaju – SE R$ 1,359.92
Ka 1.0 Se/Se Plus Tivct Flex 5P Female, 22 years old Aracaju – SE R$ 1,642.45

These examples make it clear that, in most quotes, regardless of the vehicle model, year of manufacture, driver's gender, or location, younger drivers almost always pay more than older drivers with more driving experience.

In some cases, the difference in price for insurance from 18 to 25 years old for older age groups can reach almost R$1,000.

As is the case with the example of Mobi Like quotes, where an 18-year-old driver had a quote worth R$2,596.70 while the 57-year-old had a quote of R$1,627.84, a difference of R$968.86 .

How to buy cheaper insurance for 18 to 25 year olds?

If you are a driver within this age group, it is interesting to know that not all is lost, it is possible to find cheaper insurance for 18 to 25 years old.

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This service, also known as young car insurance, can be found in some companies.

In most insurance companies that work with young car insurance, the coverage available in this plan is the most basic available in the company, covering only cases of theft and collision.

However, it is also possible to count on some additional coverage such as protection for glass, fire, damage to third parties, spare car and more.

In addition, companies offer the option of having extra services such as locksmith, cleaning, etc.

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Regardless of your age, where you live, your car model and the type of coverage you intend or need to take out, it is important that you always carry out complete research, both on the services and benefits offered, and on the prices.

After all, although all companies deeply analyze the insured's profile, each of them has different criteria for each factor.

And don't forget to research the company's suitability and the level of customer satisfaction.

These last two searches mentioned can be done simply and free of charge, without leaving home.

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To find out if the insurance company is a serious company that follows the rules, simply access the SUSEP – Superintendency of Private Insurance website and see if it is duly registered.

Research on the reputation and level of satisfaction of companies can be done directly on the Reclame Aqui website.

*Seguroauto.org is not responsible for the values ​​mentioned here, as the price of insurance may vary depending on the profile of each driver.

*Published on: 04/15/2019 and updated on 04/30/2020.”

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