Car insurance is mandatory at whatever age. Insurance companies have classified drivers to their personal circumstances allowing for a gradiated scale of risks per group and their equivalent premium rates. In this scenario, college students fall within the highest bracketed risk group and thus are charged higher for their insurances. This is because historically, college student drivers figure in more mishaps, accidents and pile-ups than any other group. With this data, insurance companies, and even the drivers themselves, causing great monetary, physical and equipment damage. And as a consequence, they are charged for higher premium rates.
(more…)

If one is a new driver, it would be a good idea to purchase a car for one’s use in the lower echelon insurance group. After building up on driving experience and avoiding penalty points, a no claims profile can be established this would help one move up in the insurance groups without premium rate imposable increase.
(more…)