0
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.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Why is motor vehicle insurance more expensive for young drivers?
It is more expensive to obtain auto insurance if you are under 25 because you have less driving experience which means it's more likely you would have an accident.
Will an auto insurance quote be more expensive for drivers under the age of 25?
Insurance is likely to be more expensive for someone under the age of 25. Your rate will depend on your credit history, type of car you drive, number of miles you drive as well as your coverage.
Is young drivers insurance more expensive than elderly driver insurance?
Yes, young driver's insurance is typically more costly than elderly driver's insurance, as elderly drivers are considered to be "experienced". Young drivers are typically considered to be more of a liability.
Why is car insurance more expensive for younger drivers?
Because younger drivers have more accidents that experienced drivers. This is a proven fact. Insurance companies do not just charge younger drivers more for fun. The statistics are very plain, more experience results in few accidents.
Is it more expensive to purchase insurance for a Honda motorbike or for a Honda ATV?
Insurance can be expensive. It is more expensive to purchase insurance for a Honda motorbike because this vehicle will be driven on the roads with vehicles. The risk of injury is higher for both the motorbike driver and other drivers on the road.
Why is car insurance for young drivers so expensive?
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.
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.
Is Hawaii auto insurance more expensive than California auto insurance?
No because there are more drivers and accidents in California. The libility is greater in Ca so it costs more.
Can reckless drivers get auto insurance?
Yes, reckless drivers can get auto insurance, but it will be much more expensive than drivers who have a clean record. In the United States, all states - except for Virginia, New Hampshire, and Mississippi - require all automobile owners to have minimum coverage in auto insurance.
Is insurance for trucks generally more expensive than insurance for cars?
Yes, and the reason is simpe, Trucks usually cost more then what an average car is. So its more expensive to cover a more costly means of transportation. Also, truck drivers, in general dont have the best driving records.
Is auto insurance for college students expensive?
Insurance companies usually charge more for younger drivers than they do older, more experienced drivers. It doesnt really have anything to do with whether or not they are in college. There are some insurance companies that offer a discount for being a good student, usually with grades of "B" or better.
