Car Insurance For Teenagers: Why Is It So Expensive?
by: Sal Farzin As parents, you might be just as excited as your son or your daughter when buying their first car. And so you go to the car dealer, get the model you want for your son or daughter and prepare to sign a check for it. But when you learn about the car insurance premium you are to pay, you get shocked and ask, “Why is the car insurance for teenagers almost worth as much as the car itself?” Well, your son or daughter is 16 years old. That alone is a big factor to consider. Your choice of a car for your teen driver determines part of the auto insurance premium you have to pay. You can buy him a brand new sedan, a sports car, or a run-down vehicle. It’s your choice. But the insurance costs would vary greatly with each vehicle. Other than being a young, new driver, insurance companies can’t make an exact assessment as to how well your teenager drives. This forces them to bestow the highest possible premium they have on their charts. Everybody knows that drivers with no accident
