Question

Which of the following typically have the highest auto insurance premiums?

Answer 1

Young male drivers typically face the highest auto insurance premiums due to their higher statistical risk of being involved in car accidents and filing claims.

Step-by-step explanation:

Typically, the groups with the highest auto insurance premiums are those that are considered to be at a higher risk of filing claims. An example of this is young male drivers, who statistically have more car accidents than young female drivers. As a result, insurance companies, following actuarially fair practices, tend to charge young men much higher premiums for their car insurance coverage. This is because their expected costs from accidents are higher, and so their premiums reflect that increased risk.

Answer 2

Which of the following typically have the highest auto insurance premiums? I would say, youth who havet little driving experience and are more prone to drive fast and recklessly perhaps than older more staid people, and those who have had many at-fault accidents.