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Cheap Car Insurance For Teenagers – Does it Exist?

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Cheap Car Insurance For Teenagers – Does it Exist?

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It seems like all grown ups dream about being teenagers again, but there are some instances when young people can’t grow up fast enough. One of those instances is when they apply for car insurance. The reason for this is that teenagers have the worst driving statistics of all demographics, which means that the insurance companies know how to spike up the prices of your premium the second you tell them your age. And for good reason, as the statistics don’t lie. The chance of a teenager getting in to a car accident is twice as high as for someone over the age of 25. Mix that with the fact that there will be over 400.000 accidents where young drivers are involved, and 5000 fatalities, this year alone and you will start to understand why the insurance companies want to protect their money. Insurance premiums are paid to cover any future accidents you might get in to while driving. Think about it as a large pot of cash that all drivers in your age group pay to cover the average claim that s

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