Why are car insurance rates typically higher for drivers under 25?

Car insurance rates are usually higher for drivers under 25 because they are considered more risky to insure. Young drivers have less experience on the road and are more likely to get into accidents. Insurance companies have to pay more money to cover claims for accidents involving young drivers, so they charge them higher rates. As drivers get older and gain more experience, insurance rates typically go down. It’s important for young drivers to drive safely and follow the rules of the road to help keep their insurance rates lower.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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