What does driving experience have to do with your car insurance rates?
When you go to secure auto insurance in Waterford, Connecticut, your insurer will take various personal factors into account when determining your premiums. One of the things that your agent will look at is your driving experience. However, why does driving experience matter to insurers, and how does your experience (or lack thereof) affect your rates? Here’s what you need to know.
Auto insurers assume that the more driving experience you have, the less likely will you be involved in a car crash. Unfortunately, this means that inexperienced drivers are considered a higher risk to insure. Even if they have never been in an accident before, inexperienced drivers are more likely to be charged more for their auto insurance than a driver with a long history of safe driving.
Young Vs. Older Drivers
Young drivers obviously have less experience than older drivers. However, this is just one reason why younger drivers are charged more for auto insurance. Young drivers might also experience high insurance costs because, as a whole, they are more likely to display unsafe driving behaviors. While not every young driver is reckless on the road, insurers across the board will charge more for young drivers to protect themselves just in case.
Keep in mind that older drivers can also pay more for insurance. Eventually, older drivers will start to see an increase in their rates as their insurers start to feel concerned about their ability to operate a car safely. A good way to think about it is that drivers under the age of 25 and over the age of 65 are more likely to pay more for auto coverage.
Assume that you are a 35-year old driver who got a license and are applying for car insurance for the first time. In this case, there is no way to check your driving habits/records. This makes it difficult for your insurance provider to assess your risk as a driver, so you could end up paying higher insurance rates.
Unverifiable Driving Records
Your insurance rates will be higher if your driving record cannot be verified. This is common among drivers traveling between countries. For example, you have 20 years of driving experience in Canada but, if your new insurance company in America cannot verify that driving record, you will have to pay more for your auto insurance coverage.
This is how your driving experience affects your auto insurance in Waterford, Connecticut. Do you have additional questions about how your rates are determined? If so, then contact the experts at The Reardon Agency. Our dedicated team is eager to assist you with all your car coverage needs today.
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