Cheaper Car Insurance -- How Age Group Affects It

There are folks within age ranges that have special advantage in auto insurance. Some age groups, on the other hand, are regarded as a high risk. Knowing the perception of insurance company on your age group is so important that it cannot be overemphasized. All things being equal, folks in a higher age group are seen as lower risk in car insurance. So since your parents are certainly above that group if you are of driving age, then you can lower your rates by using your parents' auto insurance policy.

Some youths may not like this option because it means that they will not have the vehicle registered in their name. It may further lose its attraction because youths have to live with their parents to take advantage of this. If you want independence, you'll have to do what it takes.

Your car insurance premium is calculated by several factors. This article has really shown the effect of age on your car insurance rates. But it must be said that the weighting it gets will differ from insurance company to company. There will, therefore, be a disparity in the quotes you get from different insurance companies. The difference could be as high as one thousand dollars or sometimes more. This is why getting and comparing quotes from various companies is key to getting massive savings.

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