Yes, car insurance is reduced to 25 years with Geico, as 25-year-olds are no longer considered high-risk like younger drivers. Turning 25 saves drivers an average of 8.53% on a Geico policy, based on quotes from zip codes across the country. Teenage drivers are considered the highest-risk customers for insurance companies, as they are particularly likely to have a serious car accident. Car insurance is reduced to age 25 because drivers of that age are considered to be more mature and more experienced than younger drivers.
But even if you don't qualify for an immediately lower rate, there are steps you can take to pay less for car insurance in the future. Geico rates are reported to be 12 to 34% cheaper than average, depending on the state, and Geico is among the most affordable car insurance companies for young drivers. Geico insurance rates for new drivers are often competitive, but you should always compare quotes from several insurance companies to ensure you get the best rate. However, car insurance usually has a six-month policy price, so don't expect an instant reduction on the morning of your birthday.
Geico insurance is a good option for new drivers, as it offers competitive rates, multiple discounts and resources that develop and reward good driving habits. While you can't negotiate insurance rates, you can strategically negotiate the insurance shopping experience to get the lowest possible price for the coverage you need. Age is one of the most important factors in determining the rate of your car insurance, and since your risk as a driver decreases as you age, your premiums also tend to decrease. Agreeing to pay more out of pocket before insurance takes effect after an accident can reduce the cost of an insurance policy.
Comparing car insurance quotes from various companies is one of the most important strategies for finding the best deal. As a result, car insurance premiums generally decrease every year from your 16th to your 25th birthday. Geico has a variety of discounts related to vehicles, including a 15% discount for cars up to three years old. Car insurance for obtaining a learner's permit or for a newly licensed driver will be expensive at first, regardless of the insurer, since age and years of driving experience are the main factors affecting premiums.
If you just turned 25 and have maintained a good driving record, contact your car insurance company before renewing your policy and ask them to recalculate your premium.