Auto insurance rates generally decrease as drivers grow older and gain more years of experience on the road. Between the ages of 30 and 65, rates actually decline. However, drivers over the age of 65 can expect to see their premiums increase as they age. Here is a tip if you add your child as a driver of the vehicle the price can drop. I added my name I am 62 to my mothers (83) car insurance and the annual dropped from $700 to $400.