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According to CDC factsheet, young drivers between ages 16 and 19 are at higher risk of motor accidents than any age group. They account for 30%(19 billion) of the total costs of vehicle injuries. This is the main reason insurance is higher for a young driver than a more experienced driver.
Wiki User
∙ 11y ago
Wiki User
∙ 15y agoThey don't have much experience in driving and are at a greater risk of having an accident. Also, most people at this age are not married, which means that they don't have anyone to support and will not be as responsible on "coming back home." In addition, statistics have shown that teenage drivers are three times more likely to be killed in a car accident than drivers between the ages of twenty-five and sixty-four.
Wiki User
∙ 15y agoBecause, broadly speaking, they have more accidents than other age-groups.
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Are California car insurance rates higher for drivers under the age of 25?
California car insurance rates are higher for drivers under 25. However your rates may be lower depending on your gender and driving record.
Which companies provide car insurance for those under 25?
The companies which provide car insurance for those under 25 are 1 Cover Car Insurance, My Cheap Car Insurance, Direct Line Car Insurance, Churchill Car Insurance, The Co-operative Car Insurance and many more.
Are under 25 years of age automatically covered on insurance policies?
No.
Which car insurance companies specialize in insurance for those under 25?
None of the major insurance companies specialize in high risk groups (i.e. those under 25). There are lesser known companies, like the General, that do focus on younger clients.
Do you have to pay for car insurance on children under 25 years old that do not live with you?
No. Tell them to get a job and pay for their own insurance.
When will auto insurance levels decrease for male drivers under the age of 25?
Typically the insurance goes down once you turn 25 or get married whichever comes first.
Where can I find information on car insurance questions?
First, congratulations on your new purchase! You should ask your mother who provides her car insurance. You should call them and see if they offer discounts to other family members. If you've been driving your mom's car as an occasional driver on her policy you're already established with her firm. Keep in mind though, that insurance rates for people under 25 may be higher in some States.
How much would a 16 year olds insurance go up if he got in an accident?
well most insurance companies already charge you an arm and a leg if you are under the age of 25 and it is also determined on what kind of car you have. if you have a red sports car and are under 25 you can take it to the bank that your insurance will be sky high. with that said, and regardless of your car type, I would imagine your car insurance would go up greatly since you are under 25 and have an accident on your record.
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.
How many people have an IQ under 100?
25% of people have an IQ under 100.
Why does it cost more to insure a car when you are under the age of 25?
It cost more to have car insurance when your under 25 because you are more likely to get into an accident. So by caculating that the insurance companies must charge more to cover you so that way they are operating to make a profit.
What is the average health insurance rate for a single woman under 25?
The average health insurance rate for a single woman under 25 is difficult to determine. Factors such as the health and lifestyle of the woman need to be considered as well as place of residence. Cover Me, Kanetix, and Allstate all provide information about comparative costs of health insurance.
