How Much Is Car Insurance For A 37-Year-Old Driver?

Welcome to your new comprehensive guide to auto insurance for 37-year-old drivers. You’ve landed in the right place if what you’re looking for is accurate, up-to-the-minute information that is geared toward helping you make an informed decision about protecting yourself financially while on the road. As a former licensed property and casualty insurance agent, I have helped numerous people navigate the complex world of car insurance, and I’m here to help you, as well.

In this article, we’ll look into the average costs of auto insurance for a 37-year-old, breaking down those factors that influence the costs while providing you with insights on how you might be able to lower them. This isn’t about selling you insurance; it’s about arming you with the knowledge necessary to select the best coverage for your situation.

Please keep in mind that the figures I’ve quoted below are averages, and that actual figures may vary based on factors such as gender, location, driving record, the specific insurance company, and credit score.

The stark difference between minimum and full coverage car insurance costs serves to highlight the importance of understanding what you’re paying for. Minimum coverage may seem appealing at first glance due to its lower cost, but it may well leave you financially vulnerable in some situations. Full coverage gives a driver comprehensive protection, which includes collision and comprehensive coverage to protect against theft, damage from natural disasters, and vandalism.

The good news is that there are ways to reduce your auto insurance costs. For example, maintaining a good driving history and leveraging the discounts offered by most vehicle insurance companies can substantially lower your rates. In addition, shopping around and comparing quotes from various carriers can help in finding the best rates available.

How Much Is Car Insurance For A 37-Year-Old By Gender?

When you have a firm understanding of the factors that go into car insurance rates, you will be in a position to shop around for the best rates with the knowledge and information needed to get the very best policy for your situation, at the best possible price. There are several factors that may affect rates, and one of the primary determinants is gender.

Average auto insurance rates will typically vary between the genders because of how insurance companies view the risk factors of males and females. Let’s look at the costs of vehicle insurance for a 37-year-old male and a 37-year-old female driver.

For a 37-year-old driver, auto insurance premiums by gender are relatively close, although in some cases, there may be slight variations based on the insurance company and location.

Average Statistics For Drivers In Their 30s

Accident Rates:

●     Drivers in their 30s are usually safer than younger drivers, statistically, with a lower accident rate than drivers in their teens and 20s. According to national insurance industry data, drivers aged 30–39 account for about 20% of all accidents in the United States, which is a marked decrease compared to drivers in their 20s.

Insurance Premiums:

• Annual Premium for Minimum Coverage: Around $500 – $800.
• Annual Premium for Full Coverage: About $1,200 – $1,800.
• Drivers in their 30s benefit from lower car insurance premiums than younger drivers due to more driving experience, and because statistically, this age group has fewer serious accidents.

Common Risk Factors

• Driving Under the Influence: Approximately 15-20% of fatal crashes for drivers in their 30s are caused by alcohol impairment. This is less than for drivers in their 20s, but still a major factor.
• Distracted Driving: Although distracted driving is less common than in younger drivers, it’s still a key factor for those in their 30s, especially from mobile phone use. Around 12-15% of accidents in this age group are linked to distractions such as texting or talking on a cell phone.

Traffic Violations

• Drivers in their 30s receive fewer tickets for speeding or reckless driving than younger drivers. That said, they still receive citations, quite often because of a moderate level of risky behavior such as improper lane changes or speeding.

Seat Belt Usage And Safety

• Seat belt use amongst drivers in their 30s is typically high, which contributes to decreased injury rates in accidents compared to younger age groups. This age bracket is more likely to employ consistent safety habits, such as wearing seat belts, than drivers in their teens and twenties.

Mileage

• Average annual mileage for drivers in their 30s is approximately 12,000 – 15,000 miles, which is much the same or only slightly higher than other age groups, due to family activities, work, and other responsibilities.

Gender Differences

• Men tend to pay slightly more for car insurance in this age group due to marginally increased risk factors and a greater likelihood of driving larger or performance vehicles. However, these gender differences are comparably small by the 30s.

Overall, drivers in their 30s receive more affordable insurance premiums and lower accident rates than younger drivers, something that reflects more driving experience and maturity.

How Much Is Car Insurance For A 37-Year-Old – By State?

Auto insurance rates can vary widely. Factors, including the state where you reside, can impact your rates notably. Based on thorough research from various sources, I’ve compiled a comprehensive comparison chart showing the average car insurance premiums for a 37-year-old by state.

Keep in mind that these figures are merely averages, and that actual costs may vary based on various factors.

Factors Influencing Higher Rates in Washington, D.C.:

• Population Density: DC has high traffic along with high congestion, leading to an increased probability of accidents.
• Crime Rates: Vehicle theft, along with rates of vandalism rates, are increased in urban areas, influencing auto insurance premiums.
• Uninsured Drivers: More uninsured drivers in an area like Washington, DC, can also be a contributing factor to higher car insurance premiums.

These are all average figures; actual costs may vary based on assorted factors.

Key Factors Affecting State-Specific Costs:

The cost of car insurance varies significantly by state due to a combination of geographic, economic, and regulatory factors. Here are the key elements that most affect state-specific car insurance costs:

State Insurance Regulations: States vary in their minimum liability coverage requirements and whether or not they mandate additional coverage such as uninsured motorist coverage or personal injury protection (PIP). For instance, no-fault states like Michigan and Florida frequently have higher auto insurance premiums due to mandatory PIP coverage, which covers medical expenses regardless of fault.​

Weather and Environmental Risks: States that are prone to natural disasters, including floods, hurricanes, and hailstorms, typically have higher insurance costs because of the increased probability of claims. Louisiana, Florida, and Texas are examples of such states where weather-related risks drive up car insurance rates.

Local Accident Rates and Claims History: States that have higher rates of vehicle thefts, accidents, and other claims ordinarily have higher cost car insurance premiums. Densely populated urban areas, for example, have a higher rate of accident risks and repair costs, which increases premiums. States such as California and New York see higher premiums, in part due to these urban risk factors​

Repair Costs and Healthcare: Vehicle repair and medical costs vary from state to state, affecting the overall average cost of claims. States with higher healthcare costs, like Massachusetts and New Jersey, will often see more expensive vehicle insurance premiums, particularly for coverage that includes medical payments and bodily injury liability.

Credit-Based Insurance Scores: In most states, auto insurance providers use credit scores as a major determination in setting premiums, since research has shown a correlation between claim risk and credit scores. On the other hand, states such as California, Hawaii, and Massachusetts prohibit using credit scores when setting auto insurance rates, lowering premiums for drivers with lower credit.

Uninsured Driver Rates: States with a higher percentage of uninsured drivers usually have higher premiums for insured drivers, who bear the cost of uninsured motorist coverage. Mississippi and Florida, for instance, both have higher-than-average rates of uninsured drivers, raising insurance costs for other drivers on the road​

How Much Is Car Insurance For A 37-Year-Old – By Credit Score?

While precise car insurance rates based on credit scores aren’t generally published by car insurance companies, it’s widely acknowledged that credit scores affect premiums. A lower credit score might translate to a higher rate, and vice versa–a high credit score may net you a low rate. According to Forbes, average car insurance premiums may go up as much as 76% based on credit scores.

A 37-year-old driver with excellent credit will almost certainly pay quite a bit less for car insurance at approximately $1,200 a year for full coverage, as opposed to a driver the same age with very poor credit with a rating below 600, who is looking as high a rate as $5,200 a year for full coverage.

Auto insurance rates for a 37-year-old may vary based on credit score in a lot of states, since insurance providers frequently use credit scores in risk assessment. The table below shows a breakdown of the average annual full coverage auto insurance rates for a 37-year-old driver based on credit score:

Cheapest Car Insurance Companies For A 37-Year-Old

When you’re in the market for the best and also lowest priced car insurance for a 37-year-old, you’ll quickly discover that a lot of companies are leaders in the industry with comprehensive coverage and rates priced to be competitive with similar coverage. It’s important to balance the cost of a policy with the quality of coverage if you want to be protected while on the road. Your rate will be based on various factors, including the type of vehicle you drive, your driving history, and your credit score, also, in quite a few states.

A 37-year-old would look at this table and probably go with Allstate, which has a low rate of around $59 monthly for full coverage. Travelers has a higher rate of about $144 a month for full coverage. These aren’t specific figures, just averages, but it’s easy to see why comparing various companies is a good idea.

How Much Is Car Insurance For A 37-Year-Old – By Vehicle

Factors That Influence Insurance Costs By Vehicle:

1. Cost of Repairs: Expensive cars or cars with parts that are harder to find are ordinarily more expensive to insure.
2. Performance: Sports cars are classified as high-performance vehicles and consequently have higher insurance rates due to increased likelihood of speeding and accidents.
3. Vehicle Safety Rating: Cars with higher safety ratings are usually cheaper to insure because of a lower risk of injury if involved in an accident.
4. Likelihood of Theft: Some cars, including luxury or sports cars, tend to be more frequently stolen, so they will have higher auto insurance premiums.

If you are a 37-year-old driver who prefers a modest sedan or van, you can probably count on paying a lower auto insurance premium of about $1,200-$1,500 annually for full coverage. But if you have a more expensive taste in the cars you drive and indulge in a luxury vehicle, you will probably pay considerably higher rates of about $2,000-$3,000 a year for full coverage.

How Much Is Car Insurance – By Age

As you can see below, younger drivers pay considerably higher auto insurance premiums than older, more experienced drivers. As drivers age and become more experienced, rates usually go down until they reach their lowest point, which is during middle age.  As drivers reach senior age, rates start to increase again, a reflection of the increased risk that is associated with this older group.

The teenager and young adult age bracket is the most expensive until you reach old age, when rates that have fallen are beginning to climb back up again. A 37-year-old driver is probably going to pay about $2,500-$4,000 annually for full coverage, which is almost the same as a 70-year-old would pay.

How To Save Money On Your Car Insurance As A 37-Year-Old

As a 37-year-old driver, you’ll find that car insurance isn’t usually as expensive as in your younger days. This is partly because of the perception of higher risk associated with younger drivers. But there are still various money-saving strategies you can use to lower your car insurance premiums. Here are 5 effective ways to do this:

Take A Defensive Driving Course

A defensive driving course may bring savings on your vehicle insurance. It’s a win-win because it not only helps to improve your driving skills, but numerous car insurance providers offer discounts to drivers who have completed these courses, as they are perceived as being less likely to have accidents.

Take Advantage Of Multi-Car Discounts

If you have multiple vehicles or live with someone who does, you might think about a multi-car discount. Most car insurance companies give discounts to policyholders who insure multiple vehicles under one policy.

Maintain A Clean Driving Record

One of the best and most proactive ways to lower your car insurance rates is by maintaining a good driving history. Avoiding accidents, refraining from using drugs or drinking and driving, and not getting traffic citations will all help you shave money off your rates. Insurance companies will often offer discounts to drivers who have no claims, also, as they are viewed as lower risk.

Shop Around For The Best Rates

It’s wise to shop around, comparing rates from multiple insurance companies. Each company has its own formula used to calculate premiums, meaning that prices may differ significantly from one provider to another. When you get quotes from multiple companies, you can be sure of getting the best price possible.

Regularly Review Your Coverage

As your life changes, your coverage may also need to change, also. Review your policy at least annually or whenever you go through a key life change, like relocating to a new place or starting a new job. This will help ensure you aren’t paying for coverage you no longer need, and also that you have adequate coverage for your current needs.

By putting these strategies to work, you can effectively lower your auto insurance rates, meaning more money in your pocket. Remember, the key to saving money on auto insurance is staying proactive while taking steps to show insurance carriers you’re a good risk.