How would car insurance companies benefit if the driving age was raised to 18?

by DVS1mn
Question by Max: How would car insurance companies benefit if the driving age was raised to 18?
And would insurance cost less? please show sources if you can


Best answer:
Answer by Pat SchlickIf you ask me they would actually see a decrease in earnings... I believe the money made on young driver premiums far exceeds the outgo in paid claims for younger drivers. I think if it was raised to 18 they would see their bottom line get smaller still.

Add your own answer in the

Read more ...