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12 On Your Side: What's driving your car insurance rates up

News 12 at 6 o'clock / Wednesday, Oct. 5, 2011

AUGUSTA, Ga. -- You may expect to pay a lot for your teenagers' insurance but did you you know you could pay just as much when you turn 65?

Alvin Wilson, 81, prides himself in a perfect driving record.

"Perfect! Forty-five years, no tickets and no wrecks," he said.

Wilson says his insurance went up a few weeks ago after he stopped by Geico to tell them to take his deceased wife off of his policy.

"I questioned them why did you raise me? And they said, 'Well, being the fact of your age,'" he said.

According to the Insurance Commissioners Office, insurance companies can not only charge higher rates for teen drivers but also when you turn 65. The best rates come between the ages of 50 and 64.

"Well it sure is discrimination. You're discriminating against the older," Wilson said.

As unfair as it may seem to Wilson, insurance companies are within their rights to discriminate, as long as that discrimination is based on research of drivers.

News 12 did some digging and found out insurance companies can not only raise your rates based on age, but they can also raise it depending on what kind of car you drive, where you live and your credit score.

Experts recommend shopping around for car insurance. It is also worthwhile to ask about a discount.


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