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Automobile.Com Survey Finds That a Driver's Age Group Affects Their Annual Premium

Dec 14 2012 12:00AM

Marketwire

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LOS ANGELES, CALIFORNIA -- (Marketwire) -- 12/14/12 -- A recent survey conducted by Automobile.com finds that drivers aged between 16 and 29 pay the highest annual premiums. While the survey found that the youngest drivers on the road pay an average of $984.16 a year, they do not drive the oldest cars.

Andrew Evans, an Automobile.com columnist, explains why this survey was conducted. Evans explains, "We wanted to take a closer look at what consumers of different ages were paying for vehicle coverage. Additionally, we found some interesting information about the age of the vehicles driven as well as the make and model preferences among experienced and novice drivers."

The survey found that drivers aged 50 and older own the newest vehicles, which are 3 years old on average. Drivers aged 30 to 49 drive the oldest vehicles, averaging 11.5 years while drivers aged 16 to 29 sat in the middle, driving vehicles averaging 8.1 years old. For a visual representation of the data found by the Automobile.com survey, visit http://www.automobile.com/2012-11-comparing-premiums-by-age.html.

In addition to the annual premiums paid by drivers of different ages and the average ages of their vehicles, the survey also found interesting information on the preferred make of car each age group prefers. The youngest age group of drivers favored the Chevrolet, Toyota and Ford. Interestingly, the same cars were preferred by the oldest age group, with the only difference being that drivers aged 50 and older drive these vehicles that are, on average, 5 years newer than the 16-29 age group.

The survey concluded that November car sales have been at their strongest in four years, meaning more young drivers should turn to comparison sites such as Automobile.com to find discounted car insurance. Drivers of any age can take advantage of significant savings by using a trusted quote comparison site in order to browse rates among providers. Automobile.com allows users to compare rates for any make and model for free using a tool that was launched earlier this year.

Disclaimer: This press release is for informational purposes only. The data, facts, figures, and estimations included in the press release were obtained from several public and private institutions in addition to consenting user responses through commissioned surveys. Automobile.com is in no way affiliated with any person or company heretofore mentioned and makes no warranty or guarantee of the authenticity, accuracy or permanence of the information presented in the press release.

ABOUT AUTOMOBILE.COM

Automobile.com provides visitors with articles and car industry studies, and intends to provide reliable information on competitive car insurance rates. Automobile.com appreciates customer feedback and will routinely commission surveys to incorporate user responses into their articles. For more information, visit http://www.automobile.com/research.html, follow @Automobilesite on Twitter or "like" the company on Facebook.

http://www.facebook.com/automobilesite

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Contacts:
Automobile.com
Robert McAllister
866-225-7883
RMcAllister@automobile.com
www.automobile.com





Source: Marketwire


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