Our Las Vegas car accident attorneys know that car insurers set premiums based on how likely it is that a driver will be involved in an auto accident. Since accident statistics show that younger drivers are more likely to be involved in a crash than older drivers, car insurance is more expensive for teen drivers than for their adult counterparts.
Unfortunately, the high cost of auto insurance for teen drivers puts young people in a tough spot. Many feel that they have to buy less expensive cars, in large part because of the high insurance costs on the vehicles. These cheaper cars are usually older and can sometimes be less safe than newer and better cars with improved safety and accident avoidance features.
Car Accident Risks Increased by Insurance Company Prices
The Mail Online recently addressed the problems faced by teen drivers resulting from costly auto insurance. A new survey conducted by Alfa Romeo and Marmalade (a car insurer) revealed that around half of all new young drivers felt forced to buy a less advanced and less expensive car because of their auto insurance costs.
Auto insurance is very expensive for young drivers, with the Mail reporting that the average insurance premium is at an all-time high for women between the ages of 17 and 20. While premiums have fallen somewhat in Europe for young men due to the EU gender ruling mandating that gender cannot be taken into account when pricing insurance, young men in the United States usually pay more than young women for car insurance because they are considered to be riskier drivers.
Auto Insurance Costs
