Why is auto insurance for a teen driver more expensive?

Why is auto insurance for a teen driver more expensive?
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1 Answer

Answer :

Teens are not "fully baked." Due to inexperience, immaturity and common behaviors, they represent the highest risk of any group of drivers. Teens are almost guaranteed to be involved in a car crash within the first 90 days on the road. Experience is the key factor. Also there is a positive correlation between 'responsibility' and age. Generally speaking younger drivers are less mature (rational) than older driver. Check your rate at http://www.insurancenavy.com to see the companies that still take young drivers at great prices.
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Related questions

Where can I get the teen driver car insurance?

Description : Where can I get the teen driver car insurance?

Last Answer : The cheapest way to save money for a teen driver is to talk to your current auto insurance rep. You can also try Progressive. They will compare rates for you.

What are insurance rates for a teen driver?

Description : What are insurance rates for a teen driver?

Last Answer : There's no good way to answer this without running the rates yourself. You can use webistes like allstate.com to compare but I would suggest going to many of these sites as they don't always give you the same number. It will also depend on the type of car he is driving.

Are there any auto insurance companies that offer discounts for a teen with good grades?

Description : Are there any auto insurance companies that offer discounts for a teen with good grades?

Last Answer : State Farm, Allied, Esurance, and Allstate all offer good student discounts for teens.

What are some of the companies where you can get the best discount for teen auto insurance?

Description : What are some of the companies where you can get the best discount for teen auto insurance?

Last Answer : Some of the companies where you can get the best discount for teen auto insurance are geico or allstate.

Is bad driver car insurance a lot more expensive than insurance for people with a clean driving record?

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Last Answer : Yes, car insurance for people who have bad driving records is much more expensive. This reflects the additional risk that the car insurance companies face when insuring bad drivers who have a record of prior accidents.

If the auto insurance companies quit advertising, would this really save the driver money?

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Last Answer : I sincerely doubt it. Why would these companies have any interest in passing on that savings to customers? I also doubt they will ever stop advertising, given the intense competition.

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Last Answer : Yes it does. Insurance companies are in business to make money and if somebody has a proven driving record of being unsafe, the policy will cost more. As he proves to be a safer driver, his premiums will go down.

Is Hawaii auto insurance more expensive than California auto insurance?

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What kind of car insurance should I get for a new driver in Pennsylvania?

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Any jellies work in the claims department for auto insurance, or have had a claim themselves when they were injured?

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Texas State Auto Insurance Law Question (see details).

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