comments
Auto Insurance 25 Year Milestone Analysis Revised
Email
 Print
|
We’ve all heard that the twenty-five year old milestone is the biggest deal in auto insurance. On that day you magically become safer and actuaries have tables and statistics proving this fact, otherwise auto insurance companies wouldn’t be giving you a discount. I invite you to review two posts in which I detail my insurance prices a month before I turned 25 and the insurance prices a month after I turned 25. Essentially I concluded that you can expect somewhere in the realm of ten percent until I opened up my next Geico bill. My six month fee fell even more from $377.10 to $348.30 (7.6%) for a total fall of over 20%.
I didn’t comparison shop with other insurance companies because I felt they may give me the same results, no reason why they wouldn’t, and because it would take a while to compile the data.
| Company | Coverage | Pre-25 Price | Post-25 Price + 3 Months | % Diff |
|---|---|---|---|---|
| Geico | No C/C | $436.60 | $348.30 | -20.2% |
| Full | $959.50 | $745.50 | -22.3% |
20% drop in auto insurance for turning twenty five (and waiting two months) would fall into the category of “big drop” in my book.
{ 2 comments, please add your thoughts now! }Related Posts
 By Jim |
 Stumble It! Bookmark reddit.comTags: Cars, Detailed Analysis, Insurance Nov 21, 2005 | Read more in Insurance, Personal Finance |
Like this article? Get all the latest articles sent to your email for free every day. Enter your email address and click "Subscribe." Your email will only be used for this daily subscription and you can unsubscribe anytime.
Had to write and let you know that at age 41, I just got a 12% discount from Geico: As a 25-year customer I now qualify for their “Ultra-preferred rates” Hang in there! It gets even better
Also wanted to thank you for the energy and determination you show in finding and sharing information. I gain knowledge every time I visit this site, and gain financially often enough to keep me coming back!
Ooooh, I wish I had heard of your quest about three months before you turned 25. I actually got my 25-years-old discound 3 months ahead of time. I don’t know if every carrier does this, but AmFam did. It saved me quite a bit.