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.
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Crystal was amazing! She cut my renewal price...read moreCrystal was amazing! She cut my renewal price for car insurance in half!! I will be recommending her and using her myself for future insurance!! Thank you again crystal👏👏👏🏅read less
Julie B.
10/24/2022
Crystal was great very responsive and quick with...read moreCrystal was great very responsive and quick with the quote, she has great customer service and was very polite!read less
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7/21/2021
Good morning Crystal was very nice she gave...read moreGood morning Crystal was very nice she gave me quotes on the seen and unseen 😍 I give her a hi 👋read less
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11/20/2022
My experience with A+ insurance was very pleasant...read moreMy experience with A+ insurance was very pleasant the agent I worked with Alexandra V. was very kind and patient. With things in the world moving as fast as they are thank you for taking the time to help fulfill the need at hand.read less
Josh @.
8/14/2022
I worked with Lauren McKenzie for my quote....read moreI worked with Lauren McKenzie for my quote. I moved from Georgia recently and my insurance with Geico went up 3x literally. I worked with Lauren for quotes for 2 cars and 2 people including my spouse and surprisingly quote was lower for 2 people then currently I am paying for a single person. Moreover she guided me how to change registration/plates after get insurance card. I 100% recommend this company to my friends and family. I would recommend promotion/hike for Lauren McKenzie.Thanks
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Maulik K.
5/21/2022
Fast, easy and to the point. I was...read moreFast, easy and to the point. I was very pleased.read less
David M.
10/15/2022
Marlon help me out very good appreciate it thanks
Jeremiah D.
1/09/2023
Marlin was very helpful and personable. He helped...read moreMarlin was very helpful and personable. He helped me so much.read less
TrashDash
2/02/2023
Jola was incredibly helpful in setting up my...read moreJola was incredibly helpful in setting up my home and auto insurance. She got me the best rates out of multiple quotes I had received and was helpful through the whole process.read less
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10/25/2022
I spoke with Jola on the phone after...read moreI spoke with Jola on the phone after having a frustrating run of phone calls with other companies (including the company I was with, who couldn't even find my car's VIN to know what kind of car I had) and she was super helpful, made the process simple, I'd definitely recommend calling them, even if it's just for a quote, they were definitely able to find a comparable rate for me!read less
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7/21/2020
Lauren McKenzie was a great help. Thanks Aplus
Miranda W.
7/21/2020
Cameron Moss was exceptional in explaining everything, and...read moreCameron Moss was exceptional in explaining everything, and I can confidently rate the service as a perfect 10/10. I wholeheartedly recommend it to my friends and anyone seeking top-notch service!read less
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8/06/2023
Lauren made the process painless!:)
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5/21/2022
Had a great experience with Veronica and Marlon,...read moreHad a great experience with Veronica and Marlon, highly recommend!read less
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10/14/2022
My agent Katie was spectacular and provided astounding...read moreMy agent Katie was spectacular and provided astounding service, going above and beyond to help me. Very happy with this company and she made it easy and quick to get a quote and new insurance cards in my hands that day.read less
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9/21/2021
Amy was very friendly and helpful. She answered...read moreAmy was very friendly and helpful. She answered all my questions and helped me get the lowest available rate with the options I wanted. Great service!read less
Russell A.
7/21/2020
Great service
amy t.
9/02/2022
I had a great experience setting up my...read moreI had a great experience setting up my new car insurance with my agent Marlon. He found the lowest rates with the coverage i was looking for.
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7/14/2022
Always going above and beyond! They make it...read moreAlways going above and beyond! They make it easy to find the best rate! I will be using them from here on out!read less
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10/08/2022
Very helpful!
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2/02/2023
Katie Sopko was excellent and provided excellent service...read moreKatie Sopko was excellent and provided excellent service and is very knowledgable and helpful!read less
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7/21/2021
Marlon, was a great insurance agent he helped...read moreMarlon, was a great insurance agent he helped me find a great policy, and answered any questions I had. Thank you so much.read less
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10/14/2022
I usually hate getting insurance quotes. This time...read moreI usually hate getting insurance quotes. This time was totally different. I received a quote fast and was given more than 3 options to choose from. I was able to get a quote and obtain my insurance card via email in only about 20 mins or so. Would definitely recommend.read less
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7/21/2021
Jola's customer care was accommodating and hospitable, she...read moreJola's customer care was accommodating and hospitable, she walked me through every step of the process with renewing my insurance with my policy holder, but through the agency. Her assurance and knowledge in addressing my concerns were top notch, thank you 🙂read less