Student Car Insurance

Students really get the bad end of the bargain when they decide to hunt for car insurance. Their parents know this just as much as they do. Student car insurance is pricey with every company.

Drivers under age 25 have extremely high rates. Many parents are outraged and confused about the outstanding rates that their children are paying. But believe it or not, insurance companies have a very good reason for charging so much more for younger drivers.

Unfortunately, the high insurance rate for young drivers is warranted. Insurance companies wish to protect the
younger drivers by charging more. This is to ensure that when the time comes, you child will be safe. The insurance company has to pay for medical bills and car repairs, so the foolproof way to make sure that they’ll be able to pay for everything is by charging substantially more. After all, the insurance companies do want to keep their own costs low so that they can make a profit and stay in business! But you may wonder, why does age matter? Medical and repairs bills cost the same no matter what age you are!

This is true, but the number of adults that require medical care and car repair due to irresponsible crashes are much, much higher under the age of 25. Between the ages of 16 and 19, drivers are four times more likely to get into a collision than they would be in any other age group. This is because of increased risk-taking on the young drivers’ part. One proof of this fact is that studies show more than half of all drivers aged 16 to 24 text while they are in the middle of driving. This is a terrifying amount, as common sense tells us that texting while driving makes crashes that much more likely! But, no matter the risks they are taking, parents know that their young adult MUST be insured and protected.

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