Discover new discounts and find out how your rates change once you hit your dirty 30s
Leaving your 20s behind is a pretty big milestone—mostly because there's a lot of change coming your way. While some see it as a mid-life crisis, others consider your "dirty 30s" an exciting time. At this age, most people tend to get married, buy a home, and start a family. And from our perspective here at The Zebra, your 30s represent a significant change in the partnership with your insurance company. So, while you can't eat pizza for every meal anymore, insurance companies tend to favor older, more experienced clients. Let's examine some of these benefits.
|Age Group||Avg. Annual Premium|
While no one takes the same path in life, many people in their 30s get married, and this can impact your premium for the better. When a single person marries, his or her annual premium drops statistically by about 5.6% or around $74/year. That’s because insurance companies have found that married people file less claims than single people. Moreover, they see that married people are sharing the responsibility of driving which, in essence, cuts driving time of individual cars in half.
National Average Annual Insurance by Marital Status
You might be surprised by the effects of buying a home on your car insurance. Switching from renting a place to buying your own home can save you around $110/year, for a couple of reasons. We’re assuming that you bundled your home and auto insurance into the same company. This not only makes things a little easier because all your business goes through one agent or company, but bundling can also earn you a profitable multi-policy discount. Insurance companies look at those who own a home to be more financially stable and thus statistically less likely to file a claim.
National Average Annual Insurance by Homeowner Status
Unless your child is of driving age, simply having a kid won’t impact your premium. However, if you upgrade your two-door sedan to a minivan with additional coverage, your insurance premium can change. If you were to trade-in your Honda Civic (car) for a Honda Odyssey (minivan) in order to accommodate extra kiddos, you can expect the average annual premium to drop by $210. If minivans aren’t your thing, you can still expect your premium to decrease by an average of $139 when you switch your car for a family-friendly SUV.
National Average Annual Insurance For Vans, SUVs, and Cars in 2016
Why is my insurance $200 a month?
My insurance is almost $200 a month for basic full coverage on a 2017 Kia Forte. I am 39, 1 ...
What do I do if I can’t afford to pay for damages to my vehicle?
I backed out of my assigned parking space and hit a pole causing my bumped to fall off. I’m 32 ...
If I mostly use Lyft or Uber, do I still need car insurance?
My 2001 Jetta is practically unusable at this point unless I spend another $400 to fix it, and who knows ...
Can I file a claim for a stolen car if my son gave his friend permission to drive my vehicle?
My son (age 39) let a friend borrow my car for an hour because of an emergency. His friend did ...
December has been a month of milestones for bitcoin. On December 7, the value of one bitcoin reached $15,000 USD....
The benefits of investing are plentiful: it helps grow our income, it aids in providing for retirement, and it can...
For many millennials, life insurance is the last thing on their minds. They’re mostly focused on tackling student loans, starting...