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Why is Young People's Car Insurance More Expensive? You're 18. You've just passed your driving test. You've got your dad's old car and the keys. Still though, there's one more thing you need before you get on the road for the first time - insurance. Unfortunately, young people's car insurance is a little unfair. Often - well, always - it's substantially more than what an average driver would expect to pay. There are a few reasons for this. You may not agree with them but your only available form of protest would be to not buy insurance. Which would be illegal, get you arrested and get your car taken off you. So probably not a good idea. Anyway, moving on; one big reason that young people's car insurance is more expensive is because you don't have an established driving history. However, as mentioned, if you pass your driving test at 25 you'll still get a cheaper insurance than an 18 year old. Why? Because of statistics. Insurance is, for the most part, based on your risk as a statistic, rather than as an individual. Newly qualified drivers get charged more because the statistics say that in the first two years of passing your test, you're far more likely to have an accident. One in five will have one in their first year on the road. Of course this doesn't explain why younger people have to pay more than older people. Again, the answer is statistics. According to statistics published by the Association of British Insurers in 2008, 18 year old drivers caused an average of 50 collisions a day. The ABI claim that an 18 year old driver with a year of experience (so someone who was pretty quick off the draw on getting their license) is still twice as likely to make a claim on insurance than a 30 year old driver with the same length of experience. Then there's the fact that nearly a third of fatalities on UK roads are caused by young drivers between the age of 17 and 25. Without dwelling too much on that morbid figure - and without being too callous over it either - it's worth considering that fatal accidents tend to be very expensive ones. Beyond the cost in human life, an insurance company will generally have to pay for compensation, repairs/replacements, as well as possibly legal costs. On a less tragic note, young drivers are also statistically more likely to experience theft, fire and vandalism on their vehicles. Why, no one knows - but the figures are there and they equate to more claims on insurance in the end. One of the reasons that's often put forward for the statistics is that teenagers and other young drivers are more likely to have passengers when driving than older drivers. It's not a huge stretch of the imagination to assume that most people who pass their driving test at 18 - and have a car - will end up giving lifts to their younger or less mobile friends. Anyway those are the reasons. It may seem unfair if you're an 18 year old, sober, sensible driver and you never make a claim in your life. The only thing you can really do is get a policy where you can start building a no-claims bonus ASAP.
HALAMAN SELANJUTNYA:
Car Insurance Singapore
Car Insurance
Ntuc Car Insurance
Fwd Car Insurance
Direct Asia Car Insurance
Aviva Car Insurance
Car Insurance Quotes Online
Ntuc Income Car Insurance
Cheapest Car Insurance Singapore
Msig Car Insurance
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Car Insurance Quotes
Best Car Insurance Singapore
Budget Direct Car Insurance
Aviva Car Insurance Singapore
Cheap Car Insurance
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Aig Car Insurance Singapore
Commercial Car Insurance
Car Insurance Quote Singapore
Compare Car Insurance
China Taiping Car Insurance
Car Insurance Claim
Tokio Marine Car Insurance
Direct Asia Car Insurance Review
Ntuc Car Insurance Quote
Car Insurance Comparison Singapore
Ntuc Car Insurance Hotline
Best Car Insurance
Etiqa Car Insurance
Car Insurance Malaysia
Msig Car Insurance Singapore
Rental Car Insurance
Car Insurance Online
Hdfc Ergo Car Insurance
Tesco Car Insurance
Car Insurance Calculator
Ntuc Car Insurance Claim
Comprehensive Car Insurance
Tata Aig Car Insurance
Prudential Car Insurance
Uob Car Insurance
Rsa Car Insurance
Chartis Car Insurance Singapore
Affordable Car Insurance
Aia Car Insurance Singapore
Car Insurance Companies
Go Compare Car Insurance
Tenet Sompo Car Insurance
Car Insurance India
List Of Car Insurance Companies In Singapore
Cheap Online Car Insurance
Car Insurance Calculator Singapore
Tenet Car Insurance
Car Rental Insurance Singapore
Sainsburys Car Insurance
Instant Car Insurance Quote
How Much Is Car Insurance
Dbs Car Insurance
Car Insurance Promotion
Aa Car Insurance
Ntuc Car Insurance Singapore
Aig Singapore Car Insurance
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Car Insurance Policy
Chartis Car Insurance
Aia Car Insurance
Buy Car Insurance Online
Liberty Car Insurance Singapore
Car Insurance Australia
Cheap Car Insurance Quotes
Compare Car Insurance Online
Nrma Car Insurance
New Car Insurance
Icici Lombard Car Insurance
Maybank Car Insurance
Ntuc Car Insurance Review
Great Eastern Car Insurance
Direct Car Insurance
Car Insurance Singapore Price
Liberty Car Insurance
Tokio Marine Car Insurance Singapore
Oac Car Insurance
Car Insurance Rates
Online Car Insurance Singapore
Car Insurance Renewal
Aviva Singapore Car Insurance
Axa Car Insurance Hotline
Citibank Car Insurance
Car Insurance Sg
Hong Leong Car Insurance
Car Insurance Installment
Car Insurance Quotation
Aami Car Insurance
Car Insurance Quote Online Singapore
Income Car Insurance
Third Party Car Insurance
Car Insurance Premium Calculator
Royal Sundaram Car Insurance
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