Skip to main contentSkip to toolbar About WordPress Live Insurance News 00 comments awaiting moderation New SEOGood SEO score Clear Cache UpdraftPlus Howdy, Live Insurance News Log Out Help Screen Options Add New Post Like WP Subscribe plugin? You will LOVE WP Subscribe Pro! Thanks for using WPtouch! If you'd like to sign up for news and updates from the team you can subscribe to our newsletter. Dismiss this notice (permanently).Dismiss this notice. Enter title here Millennials pay higher car insurance rates when they live with their parents Permalink: http://www.liveinsurancenews.com/millennials-pay-…th-their-parents/ ‎Edit Add MediaAdd Form Add HappyForms Add a Poll, Survey, Quiz, Form, Slider or Story VisualText Paragraph P Word count: 360 Draft saved at 8:23:49 pm. 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Millennials pay higher car insurance rates when they live with their parents

Auto insurance companies consider them to be a higher risk than those living on their own.

Millennial motorists who still live at home with their parents pay higher car insurance rates than their counterparts who don’t, say the results of a new study.

Millennials who own houses or condos tend to pay notably less for their auto insurance coverage.

The higher car insurance premiums study was conducted by Compare.com. It determined that millennials who live with their parents pay considerably higher car insurance premiums than their home owning counterparts. In fact, the research showed that the average millennial driver still living with parents pays 73 percent more than a millennial who lives in a condo and 45 percent more than a millennial who owns a single-family home, said a Market Watch report.

The average auto insurance premium for millennials living with parents was $1,750. The average annual car insurance premium for those in condos was $1,009 and the average for those who own a house was $1,205.

Several factors leading to the higher car insurance premiums contributed to the home ownership differential.

Compare.com CEO, Andrew Rose, confirmed that the price differentials weren’t exclusively traced back to the driver’s living situation. However, Rose pointed out that a person’s profile when living in a condo or when owning a house tended to align with other factors that led to cheaper auto insurance rates. For example, those owning condos and houses tended to have higher insurance scores, a longer insured track record and more experience behind the wheel.

CarInsurance.com consumer analyst Penny Gusner also pointed out that when millennials live with their parents, they may not receive a homeowners discount or be able to bundle their home and auto insurance for combined discounts.

“A driver living with his or her parents may not have a healthy credit history built up yet, while those who own a home in most cases would,” added Gusner. “People with fair or poor Skip to main contentSkip to toolbar About WordPress Live Insurance News 00 comments awaiting moderation New SEOGood SEO score Clear Cache UpdraftPlus Howdy, Live Insurance News Log Out Help Screen Options Add New Post Like WP Subscribe plugin? You will LOVE WP Subscribe Pro!  Thanks for using WPtouch! If you'd like to sign up for news and updates from the team you can subscribe to our newsletter.  Dismiss this notice (permanently).Dismiss this notice. Enter title here Millennials pay higher car insurance rates when they live with their parents Permalink: http://www.liveinsurancenews.com/millennials-pay-…th-their-parents/ ‎Edit  Add MediaAdd Form Add HappyForms  Add a Poll, Survey, Quiz, Form, Slider or Story VisualText Paragraph    P Word count: 360 Draft saved at 8:23:49 pm. Toggle panel: Publish Preview (opens in a new window)  Status: Draft Edit Edit status  Visibility: Public Edit Edit visibility  Schedule for: Nov 26, 2018 @ 07:00 Edit Edit date and time Readability: Needs improvement SEO: Good Move to Trash Toggle panel: Format Post Formats Standard   Aside   Gallery   Link   Image   Quote   Status   Video   Audio   Chat Toggle panel: Categories All Categories Most Used  Insurance Blog  Insurance News Articles  Auto Insurance (Primary Category) Primary  Business Insurance  Disability Insurance  Financial News  Health Care Reform  Health Coverage  Homeowners Insurance  Insurance Industry News Make primary  International Insurance News  Latest Insurance News Articles Make primary  Life Insurance  Long Term Care  Natural Disasters  News for Agents  News for Consumers  News Media Partner  Pet Insurance  Political News  Recreational Vehicles  Specialty Insurance  Technology  Travel Insurance  Workers Compensation  Insurance Press Release  Mortgage News  Top Read Articles: + Add New Category Toggle panel: Tags Add New Tag   Separate tags with commas  Remove term: Higher car insurance Higher car insuranceRemove term: millennials auto insurance millennials auto insuranceRemove term: millennials insurance millennials insuranceRemove term: auto insurance industry auto insurance industryRemove term: auto insurance premium auto insurance premiumRemove term: auto insurance cost auto insurance costRemove term: auto insurance rates auto insurance ratesRemove term: high auto insurance rates high auto insurance rates Choose from the most used tags  Toggle panel: Featured Image Set featured image  Toggle panel: Yoast SEO  Need help? Go Premium Content optimization Good SEO score Social Advanced Add-ons  Snippet Preview SEO title preview: Millennials pay higher car insurance rates when they live with their parents Url preview:www.liveinsurancenews.com › millennials-pay-higher-car-insurance-rates-when-they-live-with-their-parents Meta description preview: Millennial motorists who still live at home with their parents pay higher car insurance rates than their counterparts who don’t, say the results of a new Mobile previewDesktop previewEdit snippet SEO title Insert snippet variable Millennials pay higher car insurance rates when they live with their parents  Slug  millennials-pay-higher-car-insurance-rates-when-they-live-with-their-parents Meta description Insert snippet variable Millennial motorists who still live at home with their parents pay higher car insurance rates than their counterparts who don’t, say the results of a new   Close snippet editor  Readability analysis Needs improvement  Focus keyphrase Good Higher car insurance Focus keyphraseHelp on choosing the perfect focus keyphrase(Opens in a new browser tab)  Higher car insurance  + Add synonyms + Add related keyphrase Did you know Yoast SEO Premium also analyzes the different word forms of your keyphrase, like plurals and past tenses?  Go Premium!(Opens in a new browser tab) Analysis results  Problems (1) Image alt attributes: No images appear on this page. Add some!   Improvements (4) Outbound links: All outbound links on this page are nofollowed. Add some normal links.  Keyphrase in title: The exact match of the keyphrase appears in the SEO title, but not at the beginning. Try to move it to the beginning.  Slug too long: the slug for this page is a bit long. Shorten it!  Slug stopwords: The slug for this page contains stop words. Remove them!   Good results (11) Internal links: You have enough internal links. Good job!  Keyphrase in introduction: Well done!  Keyphrase length: Good job!  Keyphrase density: 1.6%. This is great!   Keyphrase in meta description: Keyphrase or synonym appear in the meta description. Well done!  Meta description length: Well done!  Previously used keyphrase: You've not used this keyphrase before, very good.  Keyphrase in subheading: Your subheading reflects the topic of your copy. Good job!  Text length: The text contains 365 words. Good job!  SEO title width: Good job!  Keyphrase in slug: Great work!   Add related keyphrase  Cornerstone content Toggle panel: Excerpt Excerpt Excerpts are optional hand-crafted summaries of your content that can be used in your theme. Learn more about manual excerpts.  Toggle panel: Send Trackbacks Toggle panel: Custom Fields Add New Custom Field:  Name	Value Enter new	 Custom fields can be used to add extra metadata to a post that you can use in your theme.  Toggle panel: Discussion  Allow comments  Allow trackbacks and pingbacks on this page  Toggle panel: Slug Toggle panel: Author Author Toggle panel: Ad Inserter Individual Exceptions No individual exceptions enabled for posts.  Default insertion for posts for each code block can be configured on Ad Inserter Settings page - selection next to Posts / Static pages checkbox. Default value is blank and means no individual exceptions (even if previously defined here). Set to Individually disabled or Individually enabled to enable individual exception settings on this page. For more information check Ad Inserter Exceptions.  Toggle panel: Header and Footer  Disable top injection   Disable bottom injection  Thank you for creating with WordPress. Version 4.9.8 Term added. 1 result found. Use up and down arrow keys to navigate. Close media panel Featured Image Filter by typeFilter by dateSearch Media Search media items... ATTACHMENT DETAILS  Higher-car-insurance-Young-Driver.jpg November 25, 2018 59 KB 860 × 488 Edit Image Delete Permanently URL http://www.liveinsurancenews.com/wp-content/uploads/2018/11/Higher-car-insurance-Young-Driver.jpg Title Higher car insurance - Young Driver Caption Alt Text Description Smush 5 images reduced by 120.9 KB ( 49.5% ) Image Size: 59.0 KB  View Stats Set featured imagecredit typically pay more for insurance, because though controversial, insurers deem them as higher risk,” she said. Therefore, millennials living with parents pay higher car insurance rates because they have not yet built the healthy credit history enjoyed by homeowners.

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