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Why does teen auto insurance cost more than other auto insurance?

Anonymous

∙ 14y ago

Updated: 9/19/2023

Teens are new to the road so insurance companies believe that teens are more likely to be in a traffic accident/collision due to being unexperienced.

Wiki User

∙ 14y ago

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Is auto insurance cheaper than other insurance?

The only answer one can give on this is 'it depends'. Usually it is more expensive than homeowners insurace, but less than workers compensation or liability insurance on a roofing contractor.

Are car insurance companies financially sound?

It depends on which company. I'm sure auto insurance companies are more sound than health insurance companies right now.

What is the major advantage of term life insurance over whole life insurance?

Cost. Other than that, there are no advantages. Whole life insurance lasts your whole life. It pays upon your death a predetermined amount. Once the designated term on term life expires, you have no more life insurance. Term will be significantly cheaper depending on your age.

What are the best companies to buy whole life insurance from?

Reputable insurance companies for whole life insurance include Gerber Life, MetLife, AllState, and Mass Mutual. Check with your auto insurer if you have car insurance, because sometimes you can combine two or more insurance policies with the same insurer and get a discount.

Is the best description of universal life insurance?

purchased for a set premium cost with the option of paying more.

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Related Questions

Does auto insurance cost more in AZ than in MA?

No. Massachusetts is a very expensive state for auto insurance. Most states will be cheaper.

Is there a big cost difference between regular and Commercial Vehicle Insurance?

No, there is not much of a difference betwen the costs. Commercial auto insurance may sometimes cost more than personal auto insurance based on the size of the vehicle, but that's it.

Does insurance comparison help to find the lowest cost of the auto insurance plan?

Yes insurance comparison will help you to find the lowest cost of an auto insurance plan. Companies that don't work on comparison sites will often be more expensive, and will through in freebies to compensate.

Why does auto insurance for teenagers cost more?

Auto insurance for teenagers cost more because driving ability is typically judged under how long you have been driving. Teens are new drivers and are more likely to be involved in accidents than older more experienced drivers on the roads.

How is safeco different from other auto insurances?

Safeco isn't inherently different from other auto insurance companies. They offer auto, home, and other kinds of insurance, as well as different levels of auto insurance, just like all of the more well-known companies. You can work with a personal agent, or purchase insurance yourself on their site.

What is the best company for low cost auto insurance?

Geico is the most affordable auto insurance available. Other companies such as State Farm or Allstate may offer a more secure feeling, but Geico rates are always lower and the company's reputation is upstanding.

Does insurance go up with a turbo charged car?

Not necessarily. The driver's age and driving record are more relevant to the cost of auto insurance.

What are some pros and cons of auto insurance america?

Auto Insurance America is a little more expensive of an option than other nationwide insurance companies. Companies like Progressive Insurance, and Geico have better offers.

Does auto insurance for teenagers cost more?

Normally it does cost a little bit more, especially if your teenager is a boy. You can find some insurance companies that offer discounts for students with good grades, so be sure to ask about that option.

How do you get collision insurance for a rented car for more than a month?

you can buy it from the rental company or it can extend from you personal auto insurance policy at no extra cost if your insurance company provides this coverage.

How much would auto insurance cost me in Illinois?

This will depend more on your driving history and the insurance company you select than the state. Get some insurance quotes from a variety of different companies.

What companies offer low cost auto insurance?

the best way to find the lowest cost auto insurance is to go on diffrent compare websites. never go on one cheack a few to get the right deal use the most popular sites as they are more trusted.

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