Do you ever wonder how much others are paying for their car insurance? Rates vary from one person to the other, but take a look at what one person could be paying for a 2017 HYUNDAI ACCENT in this Liability Sample Quote.
Do you ever wonder how much others are paying for their car insurance? Rates vary from one person to the other, but take a look at what one person could be paying for a 2017 HYUNDAI ACCENT. The following is Liability sample quote.
Liability Limits: $50,000 each person $100,000 each accident $50,000 Property Damage
Uninsured Motorist: Rejected
Underinsured Motorist: Rejected
Medical Payments: Rejected
Comprehensive/Collison Deductible: Rejected
In some states, it IS permissible to reject uninsured motorist coverage.
Liability Sample Quote: Insurance Rate Factors
State: Colorado
Gender: Female
Age Group: 20s
Legal Marital Status: Single
Prior Insurance: No
Violations: No
SR-22: No
Discounts Applied to this Liability Sample Quote:
Education Discount
Paid-in-Full
Paperless Discount
Multi-Vehicle Discount
Automatic Payments
Driving App
Bundle/Multi-Policy Discount
Homeowner
Continuous Insurance
5-Year-Accident-Free: Good Driver Discount
Additional Notes: This person now has a good driving record!
Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real Liability sample quote.
Why Are Insurance Rates Higher For Younger People?
Insurance rates are often more expensive for younger people due to a combination of statistical risk factors and business considerations that insurance companies take into account when determining premiums. Here’s why:
Statistical Risk Factors: Younger individuals, especially teenagers and those in their early twenties, statistically have a higher likelihood of being involved in accidents, whether it’s while driving a car or participating in other activities. This age group tends to have less driving experience and may engage in riskier behavior, leading to a higher frequency of accidents and insurance claims.
Inexperience: Younger drivers often lack the years of driving experience that contribute to safe driving habits and risk awareness. Inexperience can lead to poor judgment, slower reaction times, and less developed skills in handling unexpected situations on the road.
Higher Likelihood of Recklessness: Young people are generally more prone to taking risks and being involved in risky behaviors. This can translate into aggressive driving, speeding, and other behaviors that increase the chances of accidents.
Peer Pressure and Distractions: Younger drivers are more likely to have passengers of similar ages in their vehicles, which can lead to distractions and impaired focus on the road. Additionally, the use of technology while driving, such as texting or using social media, is more common among younger drivers, further increasing the risk of accidents.
Limited Credit History: Insurance companies often use credit history as a factor in determining rates. Younger people may have limited credit histories, which can be seen as a higher risk for insurers.
Higher Likelihood of Claims: Younger individuals might also file more insurance claims, whether due to minor accidents, damage to their vehicles, or other incidents. This frequency of claims adds to the overall risk profile.
Insurance Pool Considerations: Insurance companies pool the risk of their policyholders to determine rates. If a particular age group has a history of higher claims and accidents, the insurance company adjusts rates for that group to balance out the costs.
Business Considerations: Insurance companies are profit-driven businesses. They need to cover their costs and make a profit to remain viable. Charging higher premiums to younger individuals helps offset the increased risk and potential higher payouts associated with this age group.
It’s important to note that as individuals gain more driving experience, demonstrate safe behavior, and establish a positive track record, their insurance rates may decrease over time. This reduction often occurs as they move out of the high-risk age bracket and prove themselves to be safer drivers.
12-Month Premium:
$ 1,198.50
Monthly Installments:
$315.66
Curious to see what YOUR quote would be? Click here to fill out an online form to receive a estimate or give us a call at 888-445-2793.
Need Some Proof? Check Out Some of Our Reviews!
Marlon ROCKS! He was so helpful & helped me get the lowest rates possible. Highly recommend the company.
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Sierra R.
2/22/2023
Jola was excellent. I honestly have never had that good of customer service on the phone. Thank you so much for making this transition so easy.
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Jeffrey M.
11/16/2022
Fast, friendly , and professional!
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Edward L.
8/23/2023
Amanda was very helpful and polite . She was also very knowledgeable.
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Isabel V.
4/19/2024
Both Crystal and Katie were very helpful and I was able to get a policy set up quickly and easily.
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Brooke S.
7/21/2021
When I called I was given very high quality of care by Lauren and she got me an extremely low price for my car insurance! Everything was fast and easy and they made me feel safe and secure.
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Samuel S.
7/21/2021
Marlon was fantastic! Helped me when I needed it the most! I couldn’t have asked for a better person to help me get the insurance I needed.
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Ashley L.
2/02/2023
Camron was very helpful and nice with the process
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Dante R.
9/23/2023
She’s the best ‼️
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Javius S.
10/14/2022
Marlin was very helpful and personable. He helped me so much.
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TrashDash
2/02/2023
Over priced
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Beth B.
12/08/2022
Every person on this team is awesome, I love you all!!
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MZGZ
1/09/2023
Amazing people!! You can definitely tell they truly care!!
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Josh C.
7/21/2021
Amazing experience, Crystal took her time and fount me the best rates regardless on how complicated my situation was! I won’t be using anyone else!
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Heather L.
9/27/2023
Lauren is the best! She helped me get an extremely affordable home insurance policy and cleared up a lot of confusion going on with the title company and lender. She straightened everything out and got me all set up in a matter of minutes! I highly recommend Lauren at A Plus Insurance! Thanks for the amazing job you are doing Lauren!
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R W.
7/21/2021
Jola is very nice and professional. I looked everywhere and she gave me a quote I never thought I could afford. I thought the other reviews were fake, but I was so so wrong; it's true, A Plus is the best.
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Valerie C.
8/21/2021
Saved me over $140 a month on home/auto
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Donovan E.
7/21/2021
AMANDA, AMANDA, AMANDA!!!! A God send this one was!!!! Here I was looking for auto insurance, comparing prices and quotes for 3 days. Not wanting to speak to any agents. Somehow, Amanda calls, I explain, I didn't want to speak to any agents because I wasn't trying to buy anything at the moment I was only looking for quotes. I explained that I already found the cheapest. Rather than try to sell me gimmicks, Amanda ADVISES me on FINANCIAL LAW AND PENALTIES regarding my vehicle. Amanda started to educate me on Colorado law vs Financial law and the requirements. I loved how Amanda broke everything down for me and made everything make sense so my insurance didn't brake my wallet. She advised me to speake with my financial company to ensure I wasn't breaking any rules and reminded me I could always amend my policy if I needed and she would always be there to guide me if I needed her. This made me feel safe!! I knew I was making the right choice not only for my vehicles, but for my family as well as my finances. Thank you Amanda for helping me in my time of need!!
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Zuriel M.
4/15/2023
I spoke with Lauren and she was great! She was helpful in answering all of my questions and professional. She found me the lowest rates for auto insurance and SR22 certificate. It was a pleasure. Thanks Lauren
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Keri P.
4/21/2022
Love them! Jola is amazing and Gave me a Great rate just in time
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Lorenzo F.
7/21/2021
Great prices
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Tonya P.
7/21/2021
A great experience!
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Lisa F.
3/17/2023
Awesome service. Easy transaction! Marlon is awesome!
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Temari S.
2/15/2023
I spent almost all day trying to get the right insurance coverage with the right price until I found Cameron he's such. A life saver very respectful courtese and just all about your needs you know what a gentle men I really really like Camerons work I give him ten stars excellent costumer service skills bravo Cameron keep up the good work way to go bro......thanx again , Your recent costumer Diana Cancino