Statistics carry the most clout with insurance companies for establishing rates. This proves especially true with ages. Evidence collected over the years reveal which age groups are most susceptible to accidents. So if you're currently in an age group that's factually proven as high risk, you'll face higher premiums.

For example, insurance companies often charge drivers between the ages of 16 and 23 with high rates based on statistics that show:

• Male drivers in this age group have a driver fatality rate that's four times higher than the average national rate.

• 16-year-old drivers have the highest driver fatality rate in the country.

• Fatal crashes are twice as likely for a 16 year old driving with passengers.

NOTE: Rates for this group might come down if the driver is married. Evidence proves that married drivers are less likely to take chances.

Right behind this age group on the accident scale, are drivers 75 and older.

Conversely, drivers between 40 and 50 are statistically considered the safest age group on the road―a fact that's reflected in lower premiums. This does not, however, guarantee an automatic deduction, as personal driving records come into play (more incentive for maintaining a record free of DUI infractions and speeding tickets).

Top Can Occupation Alter Rates?

Yes, your job can factor into your insurance premium. According to statistics scientists, pilots, and artists rank one, two, and three for having the lowest rates.

Scientists meticulously pay attention to details, which, in the insurance world, equates into safe driving habits. This same logic applies to pilots. And artists, because of their urban locations, are more likely to rely on public transportation, thus earning them lower rates.

On the other hand, business executives and lawyers statistically pay the steepest premiums. This high risk rating comes from the fact they're more likely to drive while talking on cell phones and be distracted by work-related stress.

Top Can Driver Education/Safety Courses Reduce Insurance Premiums?

While driver education and defensive driving courses come highly recommended, they do not automatically translate into lower insurance quotes. Some carriers honor these classes, while others do not.

Regardless, be sure to request a course certificate upon completion. This will serve as your proof if you do have a carrier that rewards discounts for class participation.