Those aged over 25 generally get the better deal when it comes to car insurance, while younger drivers often have to pay much more – but why exactly is that the case? Basically, it’s because young drivers are viewed by car insurance companies as posing a greater risk. The cost of insurance premiums are based on how much of a risk you are of being involved in an accident – and therefore having to make a claim against your policy.
Do under 25s pay more for car insurance?
Drivers aged under 25 tend to pay more for car insurance than older drivers, but that doesn’t mean finding affordable cover is impossible. By following a few steps and making sure you know what’s in your insurance policy and the cheapest way of paying for it, getting cover that fits your budget becomes a lot more manageable.
What type of car insurance should a new driver over 30 have?
This type of policy is popular with new or young drivers who don’t have much driving history. As a new driver over 30, you could also benefit from a telematics policy, as it allows you to show that you’re a safe, responsible driver. Your insurance excess is the amount you have to pay in order to make a claim on your insurance.
How can I get cheap car insurance at 25?
"Car insurance costs are likely to drop at 25, but there are still ways to find cheaper cover. Choosing a sensible car, paying your premiums annually and building up a no-claims discount can all help you save more money on your car insurance policy. The best way to get affordable car insurance is to compare quotes from across the market.
How can I find cheap car insurance quotes for 25-year-olds?
Finding cheap car insurance is quick and easy when you compare quotes with MoneySuperMarket – and it helps you take advantage of the lower premiums...
Why is car insurance cheaper when you become 25?
Statistically, drivers aged 25 and over are less likely to be involved in motor accidents than their younger counterparts. While it’s not cut and d...
Can I spread the cost of car insurance?
When you compare car insurance with MoneySuperMarket, you’ll be able to choose how you’d like to pay for cover – you can pay it all in one lump sum...
[PDF] Your Guide to Automobile Insurance - State of Michigan
Your Guide to Automobile Insurance - State of Michigan www michigan gov/-/media/Project/Websites/difs/Publication/Auto/Auto_Insurance_Guide rev=5e970c4aed3c4599bdd08a4706a44cbd For more information about the new auto insurance law and how it will affect Within the past two years your automobile insurance has been cancelled
[PDF] Lifting the bonnet on car insurance - what are the real costs? - ABI
Lifting the bonnet on car insurance - what are the real costs? - ABI www abi uk/globalassets/sitecore/files/documents/publications/public/migrated/motor/lifting-the-bonnet-on-car-insurance pdf 1 mar 2013 Myth – Insurers are profiteering at the expense of honest motorists Fact – Not true For the past 17 years the motor insurance industry paid
[PDF] Private Motor Insurance Statistics 2015 Central Bank of Ireland
Private Motor Insurance Statistics 2015 Central Bank of Ireland www centralbank ie/docs/default-source/statistics/statistical-publications/private-motor-insurance-statistics/private-motor-insurance-statistics-2015 sfvrsn=2 In later development years (four and five) the increase is much smaller because there are few new claims being reported and estimated costs of outstanding