Car insurance for new drivers is often more expensive due to the perceived risk insurers associate with inexperience. According to industry data, drivers aged 16-25 are statistically more likely to be involved in accidents, which leads to higher premiums.
Calculating replacement cost involves knowing your square footage and the average cost per square foot to rebuild in your area. Regularly review and reassess your policy to account for changes in home value, construction costs, and potential risks like natural disasters.