Wednesday, 15 January 2014

Car Insurance for Teenagers

Car Insurance

           I believe that car insurance companies are unfairly charging new drivers by categorizing everyone as a bad driver. This is especially true with male teenage drivers, they have some of the highest insurance costs compared to all other drivers. They have the highest costs because on average these drivers are most likely to be involved in serious accidents. Insurance costs can be slightly lowered if a new driver attends a provincially approved driving school but these prices are still higher compared to female new drivers and other drivers. I believe that young drivers should be individually tested or evaluated to determine their monthly insurance costs. It is not fair for a new driver like me to have to pay the same amount of money as a dangerous, inexperienced male driver that has barely passed their G2 test. I think that the system could be improved by taking a second test for the insurance company to decide on how much insurance they pay. This would benefit the companies because they aren't taking as large of a risk on each new driver they will know the performance of each customer. It will also greatly benefit the new drivers especially the male ones because their insurance costs could easily be lowered to a more fair price for them. 

1 comment:

  1. The bottom line for insurance companies is to make money. Statistically, it is young male drivers who cost insurance companies the most money, as they are more likely to engage in dangerous driving behaviours.

    Is the drive to make money and statistics more important than equality? Why should all teenage males be punished because of the actions of others? At the same time, driving is a privilege, not a does this discrimination matter? Is it discrimination?

    Why would a second test be necessary? Couldn't a bad driver "fake" the test and not drive in their usual manner?