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Factors determining the car insurance for a 16 year old personBY: David Prakash Kumar | Category: Business and Finance | Post Date: 2009-11-20
There are various factors that determine the car insurance for a 16 year old person. The reasons for the insurance coverage are that a person driving a car may be involved in an accident and the insurance company will pay for the damages that have happened to the car. This is the primary reason that the car insurance keeps changing from person to person. It also varies according to the age and the experience of the person while driving. When it is a 16 year old person who is seeking the insurance for a car, the factors that govern the insurance changes. The factors that determine the car insurance for a person at the age of 16 are listed below. 1. The experience of the person: The experience of the person while driving plays a major role in the insurance that has to be paid by the person. If the person does not have experience driving, then the insurance that has to be paid is more. So for a 16 year old person, the insurance premium will be more. 2. The type of car: The type of car for which the insurance is being bought will also play a role in the amount that has to be paid as insurance premium. If the 16 year old person has a car that is very costly, then the insurance amount is more. If the car is an ordinary car that is cheap, then the cost of insurance will be less. If the 16 year old seeks insurance for a second hand car, then the insurance will be very less compared to that of a new car. 3. Record of accidents: The personal record of the person who is seeking the insurance also plays a role in the amount that has to be paid as insurance. If the person has had a lot of accidents, then it can cause the insurance amount that the person has to pay to shoot up. This is also the reason for a 16 year old person having to pay a lot of money as insurance. The 16 year old has no track record or limited record of driving and this makes the insurance company ask them to pay a higher amount as insurance. 4. Gender of the person: The gender of the person is another factor that plays a role in the amount that has to be paid as insurance. When the person is a female, then the insurance that has to be paid is less. This is because insurance companies recognize these people as more responsible drivers. At the same time, a male usually has to pay more money as insurance because the insurance companies recognize them as more reckless drivers. These are the various factors that play a important role in the amount that a 16 year old person has to pay as insurance for the car. The place where the person is staying may also make a difference because there may be places where the traffic is more and the insurance companies in those cities may charge more as insurance. Article Source: http://www.saching.com About Author / Additional Info: I am a physiotherapist and also a freelance writer. I have been writing for many blogs and websites and also take up freelance assignments. Comments are welcome at prakashdavid@rediffmail.com Additional Articles: * TEACHING THROUGH PELT * Rediscovered Life at 26!! * Exercise is a must * History of Pharmacy * Girls in Software Industry: Changing face of Indian IT Industry Does this article violate or infringe on your copyright ? It is a violation of our terms for authors to submit content which they did not write and claim it as their own. If this article infringes on your copyrights, then use our Contact us form with the detailed proof of infringement along with the offending article's title, URL and writer name. If you do not hear back from us then contact us again in another 10 days. Thank you. Comments on this article: (0 comments so far) * Additional comments are now closed for this article *
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