February 14, 2012

The Statistics Behind High Auto Insurance Quotes For Teen Drivers

Car insurance coverage is required by law in the United States for all drivers and it helps people out in accidents by providing financial and legal protection from the damages. Teens usually have the highest car insurance rates out of any group of drivers. When companies issue auto insurance quotes they rely heavily on statistics. Accident and driving history statistics play a heavy role in determining the prices that anyone pays for auto insurance coverage. Teen drivers have statistics in several areas that make them more risky for the insurance companies to offer coverage to. This makes the insurance companies raise the monthly rate because they are more likely to have to pay out on these policies.

Teen drivers have been safer behind the wheel in recent years but the statistics on teenagers still do not favor the age group. Teens are more likely to cause accidents than any other age group of drivers. Teenagers have a higher crash rate overall than drivers of any other age. Teenagers are also more likely to be involved in fatal collisions than older drivers. Insurance companies base prices on what they expect to pay out on an average policy. When auto insurance quotes are obtained, age puts a driver into a group of similar drivers and they are charged based on the statistics of everyone in that age group. Since teen drivers are more likely to cause accidents and fatal collisions, the rates are higher.

Teenagers have also been shown to practice unsafe driving habits. Insurance companies offer lower rates for safe drivers that have had a chance to learn from their mistakes on the road. Drivers between the ages of 16 and 24 use their cell phones while driving more than higher age groups. Cell phone use while driving has been banned in some areas of the country but that has not stopped many people from using their phone while driving. Other factors determine the coverage rates for teenagers when they purchase auto insurance. Insurance companies look at the gender of the driver, the type of car, and where the driver lives as well as age.

Male drivers in their teens are more likely to be involved in fatal collisions and speeding. Teenagers can do a few things to lower the price of their car insurance payment. Many car insurance companies offer discounts to teens that are willing to watch safe driving videos with their insurance agent. Insurance companies also offer discounts to young drivers who are doing well in school. The good student discount is one of the most popular among drivers in school who have a B average in their classes. Teen drivers have options to help them overcome statistics.