Car insurance rates are based on a variety of factors such as your driving record, how much you drive and the car you drive, but insurance companies also base their premiums on your age. Rates for new drivers in their teens and early 20s are highest; rates tend to be lower for drivers in their 40s, 50s and early 60s and then begin to climb again starting at age 70. A recent survey on CarInsurance.com showed that the average insurance quote for a 21-year-old was $2,124, while the average for someone age 60 to 64 was $1,159. The average quote for someone 80 to 84 was $1,381. "The sweet spot for car insurance rates is in your 40s to your 60s," says Penny Gusner, a consumer analyst for CarInsurance.com. "In your 60s you tend to drive less and you're more mature, but by your 70s your vision may be lacking and your ability to react may have slowed."