Choosing Car Insurance for College Students

Choosing Car Insurance for College Students

Car insurance for college students tends to walk hand in hand with high insurance premiums. The reason for this is because insurance companies charge the highest premiums for the drivers that they believe are most likely to put in claims. The more claims any one driver places, the more money the insurance company must pay out. This is not something that the company enjoys doing so they charge higher premiums to anyone who falls into the anticipated group.

Statistically speaking, young drivers comprise the largest group of those making claims. The reasons for this are because they are less experienced on the road and tend to have more motor vehicle accidents. Another reason for this is because college students do not have a no claims bonus and therefore are not eligible for a discount of any kind.

While students actually comprise a small percentage of drivers, they are most often involved in …

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