How Car Insurance Rates Are Affected by The Age of The Policyholder – QNT Press Release

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LOS ANGELES, Feb. 26, 2022 /PRNewswire-PRWeb/ — Compare-autoinsurance.org has launched a new blog post that presents how the age of drivers can affect the premium paid on car insurance.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/why-your-age-matters-for-car-insurance-companies/

There are multiple factors that go into determining the rates drivers will pay for car insurance: the make and model of the car, its age, where the driver lives, and more. One of the biggest factors in determining the premium cost is the age of the policyholder. Some age groups, like teen drivers and old drivers, are statistically more likely to be involved in accidents. For this reason, insurance providers charge more on the premiums paid by these groups.

Based on the age of the policyholder, car insurance rates can be affected as follows:

  • Teen drivers. Teens cause more accidents than any other age group in the US Teens are new drivers, inexperienced at dealing with complex traffic patterns and bad weather, and are more likely to …

Full story available on Benzinga.com

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