Why do older and younger people pay more for car insurance?

The premium for car insurance depends on the risk. Here, age also plays an important role. Older and younger people pay a higher premium for car insurance. Is the difference justified?

Young people in particular have difficulty getting auto insurance. Young drivers are considered a greater risk until they are 24 years old. Insurers can back that up with figures. These inexperienced drivers are more likely to cause damage. The same story holds true for older drivers. Motorists in their 60s or 70s are usually not affected yet. Those over 80 pay a higher premium. Still, you don't have to settle for that. Comparing allows you to compare several insurers side by side. So don't pay too much.

What makes young people pay more?

They cause more damages and there are more drawbacks. They have limited experience. As a result, few claim-free years. There are also fewer insurers offering car insurance for young drivers. By being able to choose between fewer insurers, the premium will often be higher as well. On average, young people drive rougher. If damage occurs, the costs are also higher because of this. During weekends, heavy accidents often happen to young drivers with multiple occupants in the car. This results in very high claims. Insurers naturally pass this on in the premium.