Between preparing for the big day and dealing with the fact that this will be the last person they will ever sleep with, married couples have to go through a lot before and just after they get married. Of course, one of the most surprising changes after saying "I do" is the fact that their car insurance rates decrease. That’s right, one of the top culprits - making up about 25% of the deciding factor - in determining anyone’s car insurance rate is their age and whether or not they are married. This bit of information only plays second to the driver’s record and claim history, sitting at 35%.
What does this mean exactly? Well, if you’re a teenage boy with zero infractions, your rate on average is about $2,500 a year, leading the pack in terms of rates. Add in two infractions, and we’re talking about doubling that rate to about $5,000 a year. Change that infraction-ridden scenario to a female teenager and we’re only talking about $2,100 a year. Before all you boys get your boxers in a twist; once you hit 25, guys get a 20% discount whereas girls only get 15%. All in all, an average American will pay about $1,560 a year on car insurance, averaging out about $80,000 in a lifetime.
Other factors that affect your car insurance rate include your car (older, boring, cheaper models pay less), your gender (sorry boys), and your insurer (not everybody offers the same rate), among other things. Check them all out in the image above to get a full picture and stay tuned for the next installment of ourCar Infographics series!