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Michael Rainey Featured in CreditDonkey on Why Certain Demographics Are Considered Higher Risk Than Others

March 16, 2021  | 1 min read

In a recent CreditDonkey article, Michael Rainey shares his expertise on why younger drivers and drivers 65 years are considered a higher risk. “First, younger drivers presumptively lack good driving judgment and practical experience. Further, they generally don't appreciate their limitations, i.e., they don't know what they don't know. Consequently they take risks, such as speeding or driving impaired, all the while thinking "I can handle it" or "it won't happen to me,” said Rainey.

A recent study found that Teen drivers and drivers 65 years and older—two age groups at a higher risk of being involved in an automobile accident—are more likely to be driving vehicles that are less safe, putting them at even higher risk of injury.

“Both younger and older drivers face unique challenges in reducing their crash risk. Newly licensed drivers have the highest crash risk of any age group, and older drivers have the highest crash fatality rate of any age group, with many of these crashes related to physical changes in health,” adds Rainey. “Additionally, drivers of all age groups living in lower-income neighborhoods are disproportionately represented in fatal crashes, and younger and older residents in those neighborhoods are more likely to face financial challenges in securing a vehicle with key safety characteristics than their peers in wealthier neighborhoods.”

The full article is available here.