There is no universal age at which car insurance rates go down. Rates may change across age groups, alongside factors such as driving record and insurer-specific pricing.
While this age typically holds true, there isn’t an automatic lever that gets pulled when you hit the 25-year milestone. Your insurer, driving history, vehicle, location and coverage still determine your rate.
Car Insurance Rates by Age in Ontario
The following table is based on Ontario quotes completed through MyChoice:
| Age | Median annual car insurance quote |
|---|---|
| 18–20 | $5,576 |
| 21–24 | $2,892 |
| 25–34 | $2,493 |
| 35–44 | $2,345 |
| 45–54 | $2,237 |
| 55–64 | $2,093 |
| 65+ | $1,714 |
Source: MyChoice Quote Database, January 2026. These figures show quote patterns rather than guaranteed rates for every driver.
The largest difference appears between the 18–20 and 21–24 age groups. The median continues to decline in the older age groups, but your rate will not necessarily fall on your birthday.
You can use this quick and free tool to compare quotes based on your information.
What If I’m Not a Spring Chicken?
Don’t worry, older drivers may qualify for discounts as well. Drivers over 50 with a good driving record may be eligible for a mature-driver discount.
Read More: Car Insurance Advice for Seniors
What If I Want My Rates to Drop Now?
There are other situations in which drivers may see their insurance rates fall at renewal:
- Your driving record improves. Tickets and at-fault accidents may stop affecting your rate after the period used by the insurer.
- You progress through Ontario’s licensing system. Drivers moving to a G2 licence may receive a 10% rate reduction if they meet the applicable requirements.
- You drive less. Tell your insurer if you stop commuting or your annual kilometres decrease.
- You change your coverage. Removing optional coverage from an older vehicle may lower the premium, although it also leaves you with less protection.
- You qualify for another discount. Ask about mature-driver, retiree, winter-tire, multi-vehicle, bundling and usage-based insurance discounts.
- You compare insurance companies. Companies change their rates, and another insurer may offer a lower price for similar coverage.
Age can influence your premium, but it is only one part of the calculation. Shopping around is usually more useful than waiting for a particular birthday.