Age does matter when it comes to the rate of the car insurance they are to get. The younger the driver the higher premium rate would be given to him/her. Car insurance companies are not being unfair in this matter.
All their decisions about what rate to give to their customers are all based on research findings and studies. Since auto insurance providers work with risk assessment, the more risky you are considered as a driver the higher premium rate will be given to you. Unfortunately for students they are automatically considered as high risks thus their insurance costs a lot.
Studies suggest that people who are below 25 years of age tend to be more involved in car accidents which mean more insurance claims thus insuring a student's car would take a lot from the company. Young people as drivers lack experience and they tend to be inclined with risky behavior when driving.
It is not only being young that would make one pay serious amount for his/her insurance policy. If you are a male student then you have to pay more than female teens. Also since marital status is a factor that determines one's insurance rate students being mostly single are bound to pay higher rates than married individuals.
There are many reasons why a car insurance provider offers higher rates for young drivers just because they are still students but this does not imply that one cannot land with a reasonable offer. Now that car insurance providers are scattered all over the United States competition made it possible for consumers to find the best offer that matches their budget.
It is a given fact that students will really get higher rates than other people do even if we find the best offer it will still cost us more than paying the policy of an individual who is 25 years or older. With this the best thing that we could do is to try to work on lowering what is sky high. There are several factors that can add up to this high premium rate not only for students but for everyone. First having a good credit record will save us from paying more than usual. Making a good driving record will also help. For students getting good academic grades can also open possibilities of having discounted rates. These are just some of the things students can do to somehow pull down their expensive insurance policy rates.