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Frequent Contributor
nik
Posts: 119
Registered: ‎31-03-2016

Why is car insurance so high for teenagers?

Why is car insurance so high for teenagers?

Anuj Shergil
1 REPLY 1
Contributor
Kanchi
Posts: 52
Registered: ‎10-03-2017

Re: Why is car insurance so high for teenagers?

Insurance is basically a gamble on risk. Teens-as new drivers are a high risk on the road therefore must pay a higher premium. Other factors usually include where the car is parked, vehicle type, and if there are other drivers using the car.

All insurance premiums are calculated on how much risk is covered.