What are the main issues in car insurance for teens and college students?

In general, car insurance for teens and college students is expensive. Moreover, college students and teens would not have a big budget. Since statistics reveal that students and teens had been involved in more accidents than other persons had, the insurance companies demand a steep premium for car insurance policies for young persons up to the age of 25. After the age of 25 years, the rates would significantly decline, particularly if the driving record is good. For persons below the age of 25, car insurance could be a costly affair, about 50% or even 100% more than the insurance costs for other persons. The chief reason for this is the belief among insurance companies that teenagers and college students are reckless drivers. It is true that the curiosity level of youngsters is quite high and they generally love to take risk and face challenges. Hence, they are prone to try novel driving techniques, which could prove quite dangerous. As such, the probability of their crashing the car or getting into accidents is much more, compared to other persons.