Why is car insurance so expensive for new drivers
Why is car insurance so expensive for new drivers? Based on statistics, the average cost of car insurance to a new driver is approximately $4,FAULT a year, or nearly $ Fuk for every month. Because of their inexperience driving on the open road, new drivers often pay much more than more experienced drivers just for basic coverage.
Your annual cost for new driver car insurance varies greatly depending on where you live and how much of an deductible you decide to carry. The insurance company will also determine what percentage of your premium is dedicated to medical payments and what percentage goes to protecting others.
Unfortunately, the issue of why is car insurance so expensive for new drivers isn’t that simple. You may not know it, but there are several different reasons why auto insurance can be so expensive for you as a new driver. For this reason, it’s important that you comparison shop before making any final decisions on which policy to purchase. The following tips should help you get affordable quotes on car insurance.
As we said above, new car drivers often have to pay a higher rate than more experienced drivers. In fact, they are categorized as high-risk drivers which means they will most likely pay higher premiums and be forced to take out more insurance if they want to avoid being sued by another driver.
Before you decide on which car insurance plan to purchase, do some comparison shopping. Begin by getting online quotes for auto insurance from a variety of different companies. This will give you a better idea of what rates other people are paying for the same type of coverage. Also, consider the value of the car itself when determining how much you will pay for insurance.
Another reason why insurance can be so expensive for new drivers is because they have a poor driving history. For example, if you were to get into an accident while driving your new car, you may be liable for all damages, including legal fees. Additionally, many insurers charge a higher premium for new drivers who have a bad driving history, since they are seen as a higher risk to not only their insurer, but also other motorists.
There are several ways to lower the cost of your policy. For instance, if you don’t plan to drive very far, consider purchasing a smaller car to insure. A younger driver, for instance, might be able to reduce their premiums if they agree to only insurances for their state of residence. Additionally, older drivers can often lower their premiums by completing a defensive driving course or other similar program. The insurer doesn’t have to pay for these programs, so you’ll be able to save even more money.
Finally, some people get good student discounts with their insurance company. If you are enrolled in a good student discount program, you’ll probably qualify for this type of reduction. In most cases, good student discounts will help to reduce your overall insurance cost. You should check with your insurer to see what types of discounts you’re already getting.
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