Helping Drivers Save Money Since 2011 

cheap car insurance for young drivers

 

 

Why do Young Males Pay so Much For Car Insurance in The United States?

cheap car insurance for young drivers 

Car accidents are rampant these days and most of these accidents are caused by young male drivers. Though there are many car insurance companies who offer insurance for drivers, young male drivers however are considered as high-risk to be insured. This is why car insurances are a bit expensive for these young drivers. By nature boys are more aggressive, more competitive and more willing to take chances. That is why you often find them speeding off but of course, fast driving also means a chance to be involved in an accident. Statistics also shows proof that it is to be expected that young male drives will be involved in car accidents compared to young female drivers during their first two years of driving. However, there are other ways and means to make car insurance affordable for young male drivers.  

Car insurance for young drivers can generally be more expensive compared to drivers who are more experienced. One of the biggest reasons why they are expensive is due to the fact that there are more accidents caused by young male drivers compared to older ones. In some surveys, it shows that drivers who are a lot younger than the age of 24 have the highest percentage of auto accidents. Another reason is that, young male drivers lack the experience and they also have no driving record. Some car insurance companies offer discounts to drivers with driving histories and record but for younger drivers, this kind of discount is not applicable since they do not have the experience to present. That is why their car premiums are expensive. Keep in mind that car insurance companies base their charges on the amount of risk they are taking. However, for an inexperienced driver with no driving record, insurance companies will figure out that they are most likely the one to make the payments in case of accidents. That is why young drivers are considered to be high risks for these companies. It’s like this, lower risk also means lower premium. 

If you are a young male driver and are shopping for car insurance quotes, be sure to talk to a car insurance agent as well. You may be given options to do on how you can avail of a lower car insurance rate. You can also add safety features on your car like anti-theft alarms and others so you can avail of lower premium rates. If you still have no idea on how you can have a low premium then it is best that you talk to an agent. Once you have a quote from an agent, it is also a good idea to compare their rates to other car insurance companies. The more options you can have, the better.