Cheap car insurance for young drivers is unlikely. Why? To put it simply, the more experienced a driver is and the less likely he/she is to have an accident – the cheaper the insurance rates will be.
Teenage drivers unfortunately represent the highest risk to insurance companies and cost them a lot of money each year. They are involved in more accidents and more fatal accidents than any other group on the road. Because of this, insurance companies charge far more to insure them in an effort to cover their expenses.
A teen driver may have taken driver’s education courses
I am a 19 year old boy. My parents are buying me my first car. It is a nice pre-owned car. How does the insurance for the car generally work? Is it required? I will be in college next year. Can they take care of my car insurance? How does it work? I heard that they can put my car under their insurance. Is this true? Please explain.
