subject: Youth and car insurance: a costly war! [print this page] Youth and car insurance: a costly war!
In Quebec as elsewhere, young drivers are faced with the cost of car insurance, which may prove to be a source of trouble. This is mainly due to the risky nature they pose to insurers.
A young man who has led about five times more likely to have an accident than a driver confirmed, but is this the only reason the price of auto insurance is so high?
The criteria for an insurance company are the following: sex, age of driver, vehicle type, frequency of use and driving record. In fact, statistics show that young people are more prone to accidents than others. Similarly, the car is more expensive, more insurance will be. The rates decline with age and driving record with no false notes. Car insurance rates are especially elevated with tuner cars and modified cars.
Today, it is possible to drive from the age of 16 years in some countries. And although the general case is one in which children use the family car, more and more young people, seeking freedom and independence, are eager to have their own car. In the first case, it is clear that the tariff increase, usually depending on the type of vehicle. In the second case, pricing will be even more important when, as an average driver to a 25 chance of having an accident, a young man has a 5 and a girl, a 10.
It is strongly recommended for a young driver to have a vehicle, which will significantly reduce the insurance premium. Note also that, in Quebec, the Company has auto insurance system level failures of private insurance. Indeed, it compensates physical damage resulting from an accident caused by a car. The damage, they are covered by insurance, regardless of fault. It is concluded therefore that there is an accident, the client is compensated.
In Quebec, there are three types of insurance. First, liability insurance, which is mandatory and to compensate the damage that can cause to others. Then, collision insurance, which as its name implies, compensate the customer in case of collision, whatever. Finally, there is insurance for other types of damage such as vandalism.
The second assurance is the most expensive, because it amounts to two thirds of the total. A young Quebec can make big savings by not taking a gamble on such insurance, in which case it will not be refunded if it is responsible for the accident.
Finally, here are some tips that young drivers can take to not get run over not insurance companies: take time to compare different insurance companies, because rates can vary widely. Content yourself with the family car during the early years, you'll gain necessarily. Buy a used car to start, and finally do made no accident!
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