Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Car insurance quotes Australia

By David Johnston Subscribe to RSS | December 28th 2011 | Views:
loading
 
  



Why are young drivers required to pay such a high premium on their automobile insurance policy? Young drivers lack experience. This is a known fact. However, why should it always result in a very high increase in the premium? Considering the various options available to reduce the disadvantage of lack of experience, why is it that insurance premium does not come down?

Well, the car insurance quote offered by the insurance company does not focus on the age factor alone. The insurance company adopts a macro view of the entire market when determining its premium. If 70 out of every 100 customers of an automobile insurance company are below the age group of 30, is it not obvious that the number of young individuals filing a claim on their automobile insurance policy will also be very high? Whether they are good drivers or not is irrelevant. They form the largest component of the automobile insurance market today and this increases the risk for the insurance company.

What does a youngster focus on when purchasing an automobile? Chances are high that he or she would focus on the appearance and aesthetic aspect. Youngsters love powerful automobiles that can travel at very high speeds. High speed implies that the vehicle will suffer more damage in the event of an accident. The combination of lack of experience, use of expensive accessories and the high speed of the vehicle increases the overall risk for the insurance company.

The percentage of individuals between the age group of 15 to 64 in June, 1990 was 66.9%. This figure has risen to 67.6% in June 2010. The increase in percentage may be very small but when you consider the overall population of Australia, you will admit that there is a significant increase in the total number of young drivers.

How will this information help you get the cheapest insurance deal? Well, keeping youngsters off your insurance policy is the best way of enjoying low prices. If you are thinking of getting a vehicle for your teenaged son or daughter, the best option is to choose a vehicle that will not require comprehensive insurance. Third party insurance will always be cheaper than comprehensive coverage. Even the most expensive third party coverage for your teenaged driver will be less expensive as compared to a comprehensive cover for the same vehicle and driver.

Instead of simply complaining against the insurance company for hiking the car insurance quote, you will do well to understand that this decision is based on statistical data and cannot be faulted. The best option is to bypass this issue and secure the best possible deal using a smart approach.

David Johnston - About Author:
For more information regarding Car Insurance Quote, please visit QuoteMyWheels.com.au

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/car-insurance-quotes-australia.htm

Related Insurance Articles Subscribe to RSS

Tips to choosing the Apt travel insurance policy online
Published by Sandy Tata on April 20th 2012 | Insurance
Travel insurance has become the need of the hour for travelers. The needs of every person setting ou...
 
Individual medical health insurance
Published by Lessardcasey on November 30th 2011 | Insurance
Individual medical health insurance is something that every man and woman should have, unless they a...
 
Cheaper van insurance – a few ways to find the best possible deal
Published by Robmarshall on April 16th 2012 | Insurance
If you are seeking cheaper van insurance, then you are not the only person who is searching. There a...
 
Tips for effective Car insurance comparison
Published by Geenadavis on March 28th 2012 | Insurance
In order to obtain the lowest insurance rates it is a wise idea to compare various quotes. This will...
 
Pros of inexpensive business interruption insurance plan
Published by Andrew Edwards on April 17th 2012 | Insurance
You are making decision on business coverage ideally suits requirements of kind of business we are i...
 
My cheap car insurance- your ticket to a perfect insurance policy
Published by Harrisonford on April 12th 2012 | Insurance
Companies offering cheap car insurance policies have become very important. Unemployed people or peo...
 
Classic car insurance requirements
Published by Johnjakson on January 30th 2012 | Insurance
If you have a classic car, most likely it is one of the most valuable possessions. Defending and mai...
 
Several categories of Group health insurance
Published by Morgan001 on March 27th 2012 | Finance
The Group health insurance makes individual insurance coverage’s accessible on a member of group b...
 
Basic needs of employer’s liability insurance
Published by Andrew Edwards on February 10th 2012 | Insurance
A plan your company requires legally refer to as employer’s liability insurance...
 
Why you should visit my cheap car insurance online
Published by Harrisonford on April 13th 2012 | Insurance
Due to high demand of car loans, the need for car insurance policies is also increasing day by day. ...
 
Car insurance and its benefits.
Published by Robert King on January 26th 2012 | Finance
Car insurance is an understanding between the insurer and the insured where the insurer promises to ...
 
Importance of one’s own vehicles insurance
Published by Shyam Singh on March 2nd 2012 | Insurance
Suit one’s own insurance policy with each of your must have: Ones own vehicles insurance must have...
 
Dental insurance plans
Published by Lessardcasey on January 13th 2012 | Insurance
Most people have experienced the unpleasant feeling of a cavity or other nagging tooth problems. How...
 
Its possible to have low cost Alabama auto insurance
Published by Alabamaauto Insurances on January 14th 2012 | Finance
It’s possible to have low cost auto insurance Alabama especially if they search online for such of...
 
How income protection insurance program can help you
Published by Benroger on February 28th 2012 | Insurance
You are sick so you cannot go to work at the moment. You and your family can understand this thing b...
 
Cheap car insurance for young male drivers
Published by Ahmadgill on December 22nd 2011 | Insurance
You will be worried to know that a man pay a heavy to get insurance of a best company then the women...
 
How to choose a nominee for your insurance policy
Published by Puneet on January 29th 2012 | Insurance
There is a common tendency between people, when dealing with their health insurance policy, to treat...
 
Tricks to get cheapest car insurance
Published by Harrisonford on March 1st 2012 | Insurance
It would be really stupid of you if you know that car insurance is the most things in your law and e...
 
How to choose a life insurance policy for you?
Published by Chris Luke on March 30th 2012 | Insurance
Buying a life insurance policy is a necessary part of financial and future planning nowadays. Get on...
 
Safeguard your organization by commercial liability insurance
Published by Andrew Edwards on May 17th 2012 | Insurance
There are few insurance plans protecting organizations from facing the issues which can harm on fina...