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Why Car Insurance is Expensive in First-Time? | WorthsHub

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  Rates are set by   insurance firms   according to risk. Accidents are statistically more likely to involve first-time drivers, who are frequently young and inexperienced. Premiums go up as a result of this elevated risk. Costs may also be impacted by other variables like the type of car, driving location, and insurance history. The Best Ways to Reduce Auto Insurance for New Drivers Select the Appropriate Car Your insurance rate is greatly impacted by the kind of vehicle you drive. Because they require more expensive repairs and are more likely to be stolen, new, luxury, or high-performance cars typically have higher rates. Instead, consider opting for: Safer, mid-range vehicles Cars with advanced safety features Models with lower theft rates Financial decisions like these not only lower insurance costs but can also align with broader wealth-building strategies. For instance, discussions around   CT Townsend net worth   often highlight the importance of mi...