Youth Isn’t Always a Virtue with Insurance
February 6, 2012 9:16 pm InsuranceYou might have bought you son or daughter a nice car only to discover that insuring their car is so expensive that you then start wishing you had not bought it. This is a common scenario for parents of teen drivers.
With just other types of insurance youth is a virtue. Life insurance is less for a grandchild than for a grandfather. The same is true for health insurance and disability insurance.
When it comes to automobile insurance, the tables are turned. Seniors can pay less than thirty year olds do and car insurance costs for teens are higher than for any other age group.
Why? They simply do not have the experience on the road. Drivers with less experience get into more accidents. It is as simple as that.
