The first test for driving is always a major milestone in a young
individual’s life and passing it will be a memory worth cherishing for
ages. These periods in one’s life signal that the person in question is
slowly starting to become independent. But insurance premiums can be a
major issue when it comes to owning that first car as a young man or
woman. There are plenty of companies that are aware of these problems
and are offering good cheap car insurance for young drivers to
make things that bit easier for the borrowers. Of late the young car
owners have been finding it difficult to get things going because of
premium rates that are going sky high.
It has become more difficult to maintain a car nowadays for a young man or woman compared to previous years and this is where good car insurance for young drivers can come in really handy. The problem is more acute for young men as insurance companies tend to charge them more than their fairer compatriots – the women. There are several reasons for this. The first thing that has to be understood in this case is that for insurance the premiums are calculated on the basis of the possibility of the buyer making a claim.
It has been seen that young drivers, especially men, are supposed to make more claims than older people. There is also a reason for this. It has been proven by statistics that the possibilities of young drivers being involved in car accidents are more and therefore they are deemed as riskier propositions for the insurers. It has been seen that 20 per cent of young drivers are likely to face an accident in the first year of their driving. 21 year old men or younger have 1000 per cent greater chance of being involved in an accident than someone who is 35 years or older.
The incidence of accidents in the first year of driving for men aged between 17 and 20 is 33 per cent. Compared between a 48 year old person and an 18 year old the chances of later having an accident are 3 times more. For more information on good auto insurance for young drivers please look up LoansStore.Com.
It has become more difficult to maintain a car nowadays for a young man or woman compared to previous years and this is where good car insurance for young drivers can come in really handy. The problem is more acute for young men as insurance companies tend to charge them more than their fairer compatriots – the women. There are several reasons for this. The first thing that has to be understood in this case is that for insurance the premiums are calculated on the basis of the possibility of the buyer making a claim.
It has been seen that young drivers, especially men, are supposed to make more claims than older people. There is also a reason for this. It has been proven by statistics that the possibilities of young drivers being involved in car accidents are more and therefore they are deemed as riskier propositions for the insurers. It has been seen that 20 per cent of young drivers are likely to face an accident in the first year of their driving. 21 year old men or younger have 1000 per cent greater chance of being involved in an accident than someone who is 35 years or older.
The incidence of accidents in the first year of driving for men aged between 17 and 20 is 33 per cent. Compared between a 48 year old person and an 18 year old the chances of later having an accident are 3 times more. For more information on good auto insurance for young drivers please look up LoansStore.Com.
