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Could Rising Car Costs Mean More Crashes?

Published: July 23, 2019 067 4:06 am

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Buying a car costs money – lots of money. Once you finally purchase a car, the rising cost of car insurance may be enough to keep that car off the road for a long time. As a result, new drivers are waiting too long to hit the road after passing their driving test. This means that by the time they do finally start driving, many of them don’t remember the basic rules of the road. Even worse, this can lead to an increased risk of being injured in a serious accident. This begs the question: could rising car costs mean more crashes?

According to a new study, more than a quarter of young drivers believe that their accident was a direct result of spending too much time away from driving after initially passing their driver’s test. In fact, more than 25% of young drivers under the age of thirty years old have spent six months or longer without driving. This time off is having a significant impact on their confidence behind the wheel and their ability to avoid an accident. 

While this study was conducted in the UK, young teen drivers here in the U.S. are feeling the pinch of car costs as well. In Colorado, the average cost to insure a car with basic liability protection was $1,359 a year or $113 a month. Denver is the most expensive city in Colorado to purchase car insurance with an average cost that is 29% higher than the rest of the state. Here, drivers pay an average of $1,758 a year for car insurance. 

Since car insurance in Denver can be costly, young drivers may opt out of driving altogether for a few months. This inexperience can make them more dangerous on the road when they finally do start driving. In addition to delayed driving, rising auto insurance costs increases the number of uninsured drivers on the road. It is estimated that at least 13% of drivers on the road are uninsured motorists. 

Contact Our Denver Car Accident Attorneys

Gold Law FirmIf you or someone you love has been injured in an accident in Denver, Aurora, Arvada, or anywhere in the state of Colorado, we can help. Our Denver car accident attorneys know that you need money now to help pay for medical expenses and car repairs. We also know that insurance companies don’t always play fair after a serious accident. That’s why injured accident victims need a law firm on their side from the start. Contact Gregory A. Gold of the Gold Law Firm today for a free consultation at (303) 694-4653. Our Denver car accident attorneys are ready to help you through this difficult time. Call today! 

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The Gold Law Firm and Greg took on my unique case when no one else would. They were amazing through the whole process. Making sure we clearly understood everything. Always taking extra time to answer all our questions. In the end we got justice! I just learned that now they have a special victims unit, and it warms my heart to know that someone is there for those unique victims.

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This is a top-notch law firm who puts their client first. Colleen Parsley walked me through all the steps of my lawsuit. She is the best lawyer you can partner with. Mike Rosenberg was the insurance specialist and has outstanding expertise. Between the two of them we were able to settle my claim with two different insurance companies who had no intention of settling with me directly. I received a recommendation to contact the Gold Law Firm after a year of providing evidence and expecting coverage of my home damage after a water heater failure. I finally realized my only option was to hire a lawyer. I am very grateful that I found the best!

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Greg Gold is an excellent Attorney that gets the job done he is probably the best personal injury Lawyer in Colorado and the surrounding States he is up on the latest cases and has a feel for what will work no nonsense he will not B.S. you to sign you up he is very selective about the cases he takes he won a Walmart case in Longmont for a world record 18 Million dollars and collected it for the injured lady truck driver.

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Colleen Parsley was instrumental in helping me after someone rear-ended me, causing a concussion, cracked teeth and neck injury. She is kind, professional and knows the law. I wanted someone to be effective but not a bully. Colleen was that and much more.

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