Asheville Auto Accident Attorney Lakota Denton
Have you ever wondered why insurance companies offer better rates for more experienced drivers and higher premiums for young drivers with less experience behind the wheel? Statistically speaking, a young man is more likely to get in a wreck than a middle-aged woman, and their insurance premiums will reflect this. For example, it is not uncommon to see a first-time young male driver quoted upwards of $200/mo. for auto insurance. Conversely, a middle-aged driver with a clean driving history can get much better rates, based on their history and the demographic bracket they fall into. Insurance companies are assessing their risk, as they’re basically agreeing to be financially responsible for a driver’s decisions and judgment behind the wheel.