The costs of insurance for student drivers are high; we may also ask how and why these policies are so expensive, how they were computed and what relation is there to the general as far as this demographic.
In theory, all insurance premiums use pre-defined metrics, which is applied to all policyholders regardless of their age (teen, adult or senior drivers). However, there are other variables used to arrive at the premium rate computation. These factors differ from person to person, which explains the differences in premium prices. In the case of student drivers, insurers normally evaluate the student’s performance in school, driving courses completed, etc. On top of that, the notion that student drivers are high-risk drivers still holds true; bloating the premium prices and making them extremely overpriced.
Imagine if you have two or three children, who in the next few years, will be asking you to pay … Click here to read more