This is true in general for cab insurance although there are ways that under 25s can still get a good price.
Under 25s are regarded as being inexperienced when driving on the roads and history tells us that this age group has the most accidents. There are other factors that need to be considered such as high claim factors. In this age group there are a lot of claims from this age group for high damage accidents which is down to speeding. Insurance is higher for this group as they are more likely to drink and drive. This is not the same for everyone in this age group and there are ways to reduce your cab insurance.
If you are married and have children then you are very likely to get a deduction as you are seen to be responsible and it is common knowledge that people drive safer when there are children in the car. Another way to reduce the cost of insurance is to attend safe driving classes and there are programs that are offered to help you with this. If you are a student it may also be possible to get a reduction. You are seen to be responsible as getting good grades is not just down to intelligence.
The age group of under 25s do have ways to reduce the cost of cab insurance, but in general it remains high. Once you turn 25, then the cost can drop dramatically depending on your driving record. The importance of having insurance can never be stressed enough and no matter what the cost is you must have insurance. As an under 25 driving a cab means that you have other peoples lives in your hands and therefore insurance is essential.
You need to have a policy that will protect you and your passengers when you are driving a cab and that is a big responsibility. It is also the law and you may incur a stiff penalty or jail for no cab insurance.
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