Does Engine Size Affect Cheaper Car Insurance For Young Drivers?

By Patrick Cooper Posted in Car Insurance News

To drive legally, all teenage drivers are required to carry some form of car insurance. Since teenagers are young drivers and inexperienced, they are far more likely to be involved in an accident than an experienced driver. Because of this, car insurance providers charge for money to insure teenagers than experienced drivers. The size of a young drivers car engine could also affect their car insurance costs in a number of ways.

Bigger Engines Cost More to Replace

The first way that engine size affects cheaper car insurance for young drivers is that the bigger the engine is, the more expensive the car is to replace. Larger engines tend to come in luxury or high performance cars. These cars cost much more money and are therefore more expensive to replace if the car is damaged. Because they cost more money to replace, a car insurance provider is forced to charge their customers more if they are insuring a ca with a big engine.

Bigger Engines Are More Dangerous

Another way that engine size affects cheaper car insurance for young drivers is that cars with bigger engines are more dangerous to drive than cars with smaller engines. On average, cars with larger engines are more likely to be involved in accidents than cars with smaller engines. The increased rate of accidents is even higher for younger drivers. Since auto insurance providers have found this correlation between engine size and accidents, they are forced to charge young drivers more money to insure a car with a bigger engine. Cars with bigger and more powerful engines have also been shown to have a higher rate of collision and comprehensive insurance claims than cars with smaller engines.

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Does Engine Size Affect Cheaper Car Insurance For Young Drivers?

Bigger Engines Cost More to Replace

Bigger Engines Are More Dangerous

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