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Car insurance is more expensive for younger drivers due to the fact that their lack of driving experience makes them a higher risk. Insurance companies charge based on a number of factors that contribute to your overall risk as a customer.
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∙ 12y ago
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Do the insurance companies have to give cheap car insurance to young drivers?
No they do not have to and they generally do not. Young drivers are in a higher risk group which makes car insurance expensive for younger drivers.
Why is car insurance for young drivers often expensive?
There are a few reasons why young drivers pay more for car insurance. The biggest reason is that they are inexperienced and therefore a higher risk for an accident.
How much is the average learning driver's car insurance?
Car insurance for new, young drivers is more expensive then adult's car insurance. The reason is drivers have to prove to the insurance companies that they are safe drivers. The average insurance for new drivers is anywhere from $2000 to $5000 a year, depending on the type of vehicle insured and one's location.
Where can I find Affordable Car Insurance for young drivers?
You can go to dmv.com to search for car insurance and also get a quote for young drivers.
Where could a person find opinions on the cheapest car insurance for young drivers?
Opinions on the cheapest car insurance for young drivers can be found at Insurance Review Centre, Money, Cover Box, 4Young Drivers, and Captain Compare.
What are some car insurance companies that offer discounts for young drivers?
Statefarm offer discounts for young drivers and students. In the UK one can find cheap car insurance for young drivers from Endsleigh. They offer savings of up to 23%.
Why is car insurance more expensive for drivers under 21?
Insurance rates are derived from claims statistics. The reason that car insurance is more expensive for drivers under 21 is that drivers under 21 have more accidents. Most likely this is due to inexperience but it is a fact that younger drivers do have more accidents.
What is the least expensive car insurance for a young driver?
I think one of the best ways to find the least expensive car insurance would be to do a search online There are many insurance websites online which offer price comparisons and quotes. This is the easiest way to research what each company offers and the various types best for young drivers. Parents also place their their teen or adult on curfew which can drop their insurance rates. Parents who keep strict on young drivers help in decreasing the amount of accidents that occur. Getting cheap car insurance can come in the form of few extensive driving tests because the insurance companies think they will be good drivers. So after passing these tests, there are chances the insurance companies can lower the cost of insurance for young drivers. Happy to help you.
What is the best cheap car insurance for young drivers?
The best cheap car insurance for young drivers would be All State. They have great deals and have accident forgiveness. They also offer house insurance as a deal.
What is the cheapest car insurance available for young drivers?
The best place for young drivers to find cheap car insurance would be at State Farm. State Farm is a widely used insurance company and have quotes which are made specifically for new drivers.
Is there such a thing as cheap car insurance for young drivers?
Unfortunately, no. Car accidents are the #1 cause of death for drivers aged 16-20, so young people are a huge insurance risk.
What is provisional license insurance?
Provisional license insurance is a cheap car insurance that is mostly for young drivers. These are especially made for student drivers as well.
