Find the cheapest car insurance rates for young drivers instantly → When I turned sixteen, my father gave me the keys to a shiny blue 1998 Isuzu Rodeo—and the news that I’d have to pay for half of my insurance bill and all of my gas, in order to enjoy my new ride.
Some insurance companies may also provide a discount for young drivers who use devices that monitor their behavior behind the wheel, such as the Progressive Snapshot system.
Young male teen drivers between the ages of 16 and 20 represent a significant number of consumers seeking auto insurance for the first time which is why car insurance companies place their numbers so.
The cost of car insurance for under-25s is eye-wateringly high and expected to continue to rise. The average cost for a 17-22-year-old is already over £1,400/yr. However, you can cut costs. This is a step-by-step guide to young drivers’ car insurance, helping you compare more than 100 providers in.
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Explore Your Options On Cheap Car Insurance For Male Young Drivers Online. The main reason why it is difficult to obtain cheap car insurance new drivers under 25 is on account of the fact that newer or younger drivers, regardless of their gender, are prone to get indulged in reckless driving practices.
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This bears out when you look at average car insurance rates by age. Car insurance for people under 25 years of age is typically quite high. Teens and young drivers are inexperienced behind the wheel and statistics show they, as a class in whole, are more likely to be in accident than other age groups, which makes them a high risk to auto.
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Under-25s typically spend half of their car’s value on insurance, and the cost of getting a younger driver on the road has by increased 18pc in the past year, to £2,232 on average for 17-year-old.
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Jan 08, 2013 · A 13-year veteran of the property and casualty insurance industry turned personal finance blogger, I care about giving people the information they need to save money and live better.
Young drivers are the bread and butter of the car insurance industry. So, if you’re a young driver, you can expect to pay significantly more than older drivers. Since insurance companies consider teenage drivers as a higher risk than individuals with years of driving experience under their belt, you will be charged more for the same level of.