Insurance is one of those necessities that changes with time—and age plays a major role in how much you pay. Whether it’s homeowners, auto, or health insurance, certain age groups consistently pay more (or less) depending on risk profiles and life stages.
So, at what age is insurance most expensive? Let’s break it down by type of coverage to give you a clear picture.
🏠 Homeowners Insurance: Age Works in Your Favor
Unlike auto or health insurance, homeowners insurance doesn’t drastically increase with age—in fact, your premium may even go down as you get older.
Who Pays the Most?
- Homeowners under 30 tend to pay slightly higher rates. Why?
- Limited credit history
- Less homeownership experience
- Higher risk of filing claims
Who Pays the Least?
- Homeowners age 50–65 often enjoy mature homeowner or retiree discounts
- Being home more often means quicker response to risks like fires or leaks
- Lower claim frequency and longer policyholder history can reduce costs
🚗 Auto Insurance: Young Drivers Pay the Most
Auto insurance is where age has the biggest impact on cost.
Most Expensive Age Group:
- Ages 16–25
- Considered high-risk due to inexperience
- More likely to be involved in accidents
- Higher incidence of traffic violations
When Does It Get Cheaper?
- Ages 30–60 typically see the lowest rates
- Premiums may increase again after age 70, depending on driving ability and history
🏥 Health Insurance: Costs Rise With Age
Health insurance under the Affordable Care Act (ACA) is priced in part by age.
Most Expensive Age Group:
- Ages 60–64 pay the highest premiums before Medicare kicks in
- Older adults tend to have more medical needs
- Insurers adjust rates accordingly
Medicare Advantage:
- Once you turn 65, you become eligible for Medicare, which can lower out-of-pocket costs, depending on the plan you choose
🧾 So, What Does This Mean for You?
- Homeowners insurance is usually most expensive under 30, and cheapest for retirees.
- Auto insurance is most expensive under 25, and may increase slightly after 70.
- Health insurance peaks just before Medicare eligibility at age 65.
🎯 How to Save on Insurance at Any Age
No matter your age, there are always ways to reduce your premiums:
- Bundle your policies (home + auto = savings)
- Ask for age-based discounts
- Keep a clean claims history
- Review your coverage annually
- Work with an independent agency to shop multiple carriers
Let Eugene C. Yates Insurance Agency Help You Save
At Eugene C. Yates Insurance Agency, we’ve been helping Sacramento residents find the best insurance at the best price for nearly 80 years. Whether you’re a first-time homeowner, a retired couple, or somewhere in between, we can tailor a policy that fits your budget and lifestyle.
📞 Call us today for a free, personalized quote
💻 Or get started online in just minutes
Eugene C. Yates Insurance Agency
Trusted Sacramento Insurance Experts Since 1946