Car Insurance For Under 25 Year Olds - Car Insurance For Young Drivers

This car rental company. Said you have to be 25 or older to rent a ...

I am not 25. But why is that? Why do I have to 25 or older? I dont understand. I was just curious and was wondering if you knew why. Thanks for answering this question. I thought min 21 or older but I was wrong.

Update: December 04, 2009.
Oh wow so in 2010 my car insurance will get cheaper. I been looking for car insurance not really driving much right now. But now from what your telling me I should wait to 1-10-2010. Because than I will be 25. I think it has something to do with the rental company's liability insurance. Under 25 is statistically more like to have an accident. I know my insurance went way down this year (I turned 25). It used to be that you couldn't ever rent under 25 but if you shop around, some companies will let you but you have to pay a small fortune for the privilege.

Statistically, drivers under the age of 25 are more accident prone - that's why your car insurance costs more than someone OVER the age of 25.

I used to own rental property in Florida, and the city required short term renters (vacationers) to be 25 or older for a similar reason - renters under 25 were more more to drink alcohol, get out of hand, and destroy property.

It's not the car rentals fault, blame the insurance companies. The cut off line for insurance companies is at 25. The insurance rate literally doubles or triples to the car rental company if they rent cars to those under 25. It's just another way for insurance companies to avoid paying out claims so their fat cats get fatter. You ask what's logical about this well statistically the under 25 age groups has a much higher accident rate. (insurance companies study this much more than even the government!!!)

I am not sure what the reason is, but the minimum age of 25 has been the 'rule' for quite a long time already.
And the rental companies want you to have a credit card as well.

If you plan on shopping around for car insurance, make sure you include...

What if no insurance and have car accident, under 25 year old, your fault?

Oct 06, 2007 by Concerned Mother | Posted in Insurance & Registration

Child under 25 year old has car accident. No insurance. Can't afford insurance, no 3rd party, ony registration of car. What will happen if accident child's fault????

i've told yahoo answers to give me only australian questions, so i'm assuming you're in australia.

if the child (or anyone, in fact) has an accident where they are deemed at fault, then they will be up for the repair bill for all damaged property. either directly to the repairer, or the other persons insurer can send you the bill if they choose to use their own insurance.

the kid will need to then sort out a bank loan to settle with the insurer.

if the child injures the other person, then the CTP insurance should pick that up.

if child doesn't pay the repair damage bill, the insurer can involve debt collectors. if child still doesn't pay and the matter goes to court, the court will recognises that there is a debt owed and then this ends up as a black mark on childs credit history. bit of a rubbish way to start your adult life.

third party property damage insurance is not THAT expensive, compared to full comprehensive. in WA, for a 17 year old, you can get third party property damage insurance for under $200 a year. seriously, if you can't afford AT LEAST that, you shouldn't be driving.

put yourself in the other persons shoes. i'd be pretty annoyed if some kid smashed into my car and wasn't insured. i'd have to claim on my own insurance, lose my no claims discount and pay the excess, all for something completely not my fault.

loving30 | Oct 07, 2007

Car Insurance For Under 25 Year Olds - Car Insurance For Young Drivers

This car rental company. Said you have to be 25 or older to rent a ...

What if no insurance and have car accident, under 25 year old, your fault?

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