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Originally Posted by elf  I don't see a day too far away in India, when a 22 year old shall have to pay a premium of 70% above that paid by a 35 year old for exactly the same vehicle. 'High risk', you see...  |
From the news paper reports, it seems you dont have to wait long for this to happen. The age of the driver, his claim history and the no.of years of driving experience (with a license, of course) will play a part in fixing the insurance premium. I dont have any statistics to prove that younger aged drivers create more accidents than aged (experienced) drivers. But personally, I am a less rash driver now after 12 yrs of driving, compared to how I used to drive in my early 20s. For an experiencd driver, if he drives carefully and doesnt make claims every year, why should he shell out the same premium as another guy who is just the opposite?