Student Auto Insurance Rate Quotes
Reader's Question:
Are quotes for student auto insurance normally high? I've started gathering insurance quotes for my son, and they all turned out expensive.
Marilyn
Wichita, KS
Student auto insurance is typically expensive because students or young drivers are considered as the most risky. Statistics show that young drivers register the highest number of accidents each year in the whole country. These accidents include both fatal and non-fatal incidents. And to be particular, it is the young male drivers who are the ones that get involved in the most number of road accidents. Studies have been made about the behavior of young male drivers, and researchers say that these drivers not only like to drive more, but they also like the feeling of being in the dangerous side. Auto insurance companies consider all this--that's why they give higher rates to young drivers. The probability of accidents happening frequently is something that greatly affects an insurance rate computation. If there is a big chance that the driver will get into an accident frequently, then the auto insurance company would give him a higher rate to compensate for all the possible payouts that will happen in the future. However, if the driver has less chances of getting into an accident, then there will be fewer chances for the insurance company to make future payouts; hence a lower auto insurance rate will be given.