Younger drivers pay more for insurance primarily due to their lack of driving experience, higher accident rates, and age-related behaviors. Insurance companies consider young drivers as higher risk due to their limited time behind the wheel, which increases the likelihood of mistakes and accidents.
Why Younger Drivers Pay More For Insurance?
Younger drivers also engage in riskier behaviors and have higher accident rates compared to older, more experienced drivers. Additionally, the lack of a proven track record and higher insurance claims contribute to the higher premiums for younger drivers.