- HDFC ERGO Community
- :
- Motor Insurance
- :
- Motor Insurance - Others
- :
- Why is car insurance so high for teenagers?
23-03-2017 03:17 PM
23-03-2017 03:17 PM
Why is car insurance so high for teenagers?
24-03-2017 12:44 PM
24-03-2017 12:44 PM
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.