Why do college students pay more for car insurance?
Most college students pay more for car insurance because, at their age, they pose a greater risk to their insurance company. Newly licensed drivers lack experience behind the wheel and are statistically more likely to get into accidents than older drivers. To offset the increased chance of a claim, insurance companies charge young drivers (and their parents) higher rates.
However, car insurance premiums start to decrease around age 25, barring any other issues with the drivers record or accident history. In addition, many college students can take advantage of discounts to get a lower premium. To get affordable car insurance for college students, look for savings for good students, policy bundling, paying in full, taking a defensive driver course and driving under a certain annual mileage
