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Real Estate News Releases
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(EstateNewsWire.com, July 13, 2012 ) New York, NY— 4AutoInsuranceQuote.com, an auto insurance provider based out of Manhattan, New York has released a study that finds ages is a key factor in how much you’re paying for auto insurance. The report shows that young, inexperienced drivers are going to end up paying the most, and in many cases their premiums are at least double those of older adults. Of this age bracket, young male drivers are going to end up paying even more than inexperienced female drivers.
The results of the report (http://www.4autoinsurancequote.com/learning-center/how-age-affects-auto-insurance-rates/), show that young adults between the ages of 16 and 19 are paying on average $2,999 for liability insurance alone, whereas older adults, between the ages of 35 and 39 are paying on average $1,610 in insurance rates. According to the research conducted by 4autoinsurancequote.com, age 25 is when most insurance companies consider a driver experienced enough to drop their rates, and the study showed that rates dropped dramatically from $2,999 for the 16 to 19 age bracket to $1,707 for drivers ages 25-29.
The study also looked at the correlation between age and insurance rates in the opposite direction—how are older drivers affected when it comes to the price of their auto insurance? The results of the study might be surprising for many, because while we many think of the elderly as being more hazardous drivers, the 4autoinsurancequote.com study actually found that elderly drivers actually pay among the lowest in insurance rates, with the average cost of liability insurance for drivers 75 and over being only $1,203.
The 4autoinsurancequote.com study relates this finding to the fact that less than 1% of people aged 65 and over will die in a motor vehicle accident. This is likely because older drivers tend to be much more cautious than younger, more reckless drivers. These older drivers tend to have more experience on the road and are more familiar with their limitations when it comes to driving a motor vehicle, so they’re less likely to take the dangerous risks that a younger, less experienced driver might take. In fact, the study showed that car accidents are the leading cause of death for young people ages 15-20.
“Although we may be familiar with the idea that young people are paying more in insurance, the results of this study are actually quite startling,” said 4AutoInsuranceQuote.com CEO Shaffer. “The difference in insurance rates is drastic based on age, but even more startling are the statistics about young people and motor vehicle accidents. It’s important to educate young drivers on the dangerous and risks associated with the responsibility of operating a motor vehicle.”
About the Company
4AutoInsuranceQuote.com is an insurance company that operates out of New York, NY. The company is committed to helping drivers find affordable auto insurance. The site offers a price comparison tool to help connect customers with the policy that will best suit their needs and budget.
Contact information
4AutoInsuranceQuote.com
340 e 29th st #14c
new york, ny 10016
United States
4AutoInsuranceQuote.com,
James Shaffer
4015807272
4autoinsurancequote.com@gmail.com
Source: EmailWire.Com 
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