How Does Age Affect Your Car Insurance

SOURCE: HIPPO

Key Takeaways

The graph is pretty simple, right? The younger you are, the more you’re going to be paying for car insurance.

Why? Younger drivers are less experienced and statistically more likely to have accidents. Insurers see this as a higher risk, so they charge more to cover potential claims.

Older drivers get better rates (mostly)

Once you hit your mid-20s and gain more driving experience, your premiums tend to drop. Safe driving records and years behind the wheel show insurers you’re less of a risk. However, very senior drivers might see an increase in premiums due to factors like slower reaction times or health-related risks.

Experience matters

New drivers, no matter their age, often pay higher premiums. A 30-year-old getting their first car is seen as less skilled on the road compared to someone of the same age with 10 years of driving experience. The more years of driving you have under your belt, the better rates you’re likely to get—assuming you keep a clean driving record.

What’s the Best Car Insurance for Young Drivers in South Africa?

There are no insurance products in South Africa made specifically for young drivers, but there are brands that have service offerings that those under 25 would likely appreciate.

Pineapple and Naked, for instance, use AI technology and have apps that make dealing with them easy and fun – they’re also focused on affordable plans.

But whichever insurer you go with, there are ways you can save on car insurance even as a young driver.

These are our top 3 tips:

#1 Pick a sensible car

If you’re shopping for a car, don’t just think about looks and performance – also consider what it’s going to cost to insure each month.

Below is a breakdown of what you could expect to pay for 5 popular car brands:

Top 5 Vehicles Premiums Compared on Hippo for Males Aged 18-25

 #2 Be smart about when you claim

Making a claim can push up your premium and lose your no-claims bonus. Cover small damages out of pocket if possible.

#3 Compare, compare, compare

Use Hippo to compare multiple quotes from top providers, ensuring you save both time and money effortlessly!

What’s the Best Car Insurance for Seniors In South Africa?

Though not common, there are some insurance plans made specifically for senior South African drivers that you can look into. But the best way to find affordable car insurance as a senior is by comparing quotes.

Hippo will give you several car insurance quotes side by side in just a couple of minutes. Better yet, it’s free to use!

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