Finding a car insurance for young drivers can be a costly affair. Of course, auto insurance companies consider drivers under the age of eighteen to be at-risk drivers, which means that they are more likely to cause an accident or be involved in one. That makes insuring younger drivers cost more money than someone with a solid driving history.
A person with three years of driving experience with no accidents will receive much cheaper insurance than a new teen driver. Fortunately, there are plenty of auto insurance companies out there and many of them offer discounts to new drivers that can cut costs greatly.
Many individuals can name some of these discounts with ease. For instance, good student rate reductions are usually available from the major providers. There are even price cuts available for younger drivers that do not drive very much. Car Insurance for young drivers might be expensive under normal circumstances, but that does not mean a person cannot get a reasonable rate through available discounts or other methods. On top of that, the abundance of auto insurance companies means that there is plenty of competition out there, so these businesses have to offer competitive rates or they could fall off the map and lose customers.
Do everything possible to acquire a lower rate
Companies offer plenty of discounts for teen drivers, so it is just a matter of asking about these items. For the most part, any rate can be lowered with enough research, work, and negotiation. Car insurance for young drivers does not need to make a teen or parent break the bank by any means. Plus, a young driver’s rates will decrease after a few years of driving. Teens really are involved in the most accidents, so these companies need to protect their earnings by charging this demographic more for coverage then the others. It is just something that drivers will need to accept, but that does not mean a person cannot obtain a fair price on this coverage.
Whether you are a parent adding a young driver to a policy, or you are a young driver buying your own auto insurance policy, finding car insurance young drivers, can be a pretty expensive policy to purchase. So, when you are a young driver, and you need to find an affordable policy rate, you really have to take the time to shop around, to get quotes from several insurance companies, and to find the best savings which are offered, so that you can find something you are capable of affording. You are also going to want to ask for discounts, which many insurance companies will offer on car insurance young drivers policies, such as the good student discount (which most, if not all companies will offer).
So, when you are shopping around for a policy, you are going to have to start by getting quotes, from as many insurance companies as possible. You are going to use the internet, you must call companies, and do the work to get in touch with all companies you are interested in purchasing a policy from, in order to compare the rates you are given, and to really find the lowest rates for your insurance premium. There are several companies which will offer decent rates, especially if you are getting added onto your parent’s policy, and therefore, you are going to want to let the company know you will be an add on driver. This can really help you find the lower rates, rather than purchasing a policy just for yourself.
Additionally, you want to ask for ways to save. Many companies offer the good student discount to young drivers. So, if you get good grades and keep a certain GPA, companies will give a discount on the policy. The idea is that the students who do well in school, and pay attention in class, are also more likely to pay attention and be more careful when on the road. So, make sure to ask for this discount when you are calling for quotes. You also want to ask if you can get discounts by staying accident and ticket free. Many companies will offer these discounts, after you have been driving for six months, one year (or any time period), and you stay accident free. You will see the rates drop over time. So, even for car insurance young drivers, there are ways to save, if you take the time to get the quotes and find the savings.
Cheap Car Insurance For Young Drivers
A few simple steps will help reduce the cost of insurance for your young driver. Most insurance companies offer discounts for students who meet a few qualifications; such as, completing driver’s education, good grades, type of car driven, and location of school versus home.
A driver’s education class is an easy way to reduce insurance costs for young drivers. A driver’s education class teaches the student proper driving habits, how to drive, and what things to avoid when driving. Most drivers education classes allow the student to take the drivers test when they have completed all the coursework. Insurance companies love to see a young driver that has completed a drivers education class. Proof of completion is usually required to receive available discounts on insurance.
Young drivers with good grades may be eligible to receive cheap insurance. Insurance companies will require the faxing or sending of a report grade, as proof of exemplary grades. Grades need to be in the 3.0 GPA and above range to receive the cheapest price on car insurance. Good grades can knock anywhere from 10 to 30% off standard rates for young drivers. The type of car that young drivers operate will make a difference on whether their car insurance is cheap. Insurance companies look for a few key items to decide whether the car is eligible for discounts. Safety records of the vehicle, number of airbags, and seat restraints are considered before offering a young driver cheap car insurance. A sports car will be more expensive to insure than a sedan.
- Insurance companies take into consideration, how far the young driver will be driving to school or work on an average basis.
- The distance that young driver travels plays a key role when offering a discount for cheap insurance.
- A young driver whose daily commute is only a matter of a few blocks or miles; compared to a young driver with a longer commute, will pay significantly less for car insurance.
Don’t be afraid to check with multiple car insurance companies
A willingness to change to a different insurance company will help guarantee finding cheap car insurance for your young driver. Unfortunately, if you happen to be a young motorist, this can more difficult to obtain than with more older, experienced drivers. Why so? This is because young drivers tends to be more reckless drivers than most older drivers, who tend to be more conscientious. It is a well-known statistical fact that in the United States young drivers often account for the large number of auto fatalities in the nation.
Most of the youthful drivers are in the 16-25 year-old age range.
So little wonder why many car insurance companies are reluctant to offer car insurance to young drivers. Yes, it can be very difficult to obtain car insurance young, or at a young age. This doesn’t just pose a hardship to them, it also presents such to their parents as well, as many states requires that young drivers be under their parent’s car insurance plan until they are at least 25.
- Young, people do you relaize the financial hardship that your parents have to incur when you drive irresponsibly, because they’re going to have to be the ones who are going have to pay higher auto insurance premiums because of it.
- Therefore, it encumbers young drivers to learn the responsibility of having car insurance young. If you are going to eventually have your own car insurance in the future, you’re going to have to demonstrate that you can be a mature, responsible driver while you are still young. What some ways you can do this?
- You can demonstrate to your parents that you will be a more responsible driver by respecting your parent’s curfew, or the times they want you to use the car and when they want it to be brought back home.
- Second, you can learn to be a safer driver by consenting to take a Driver’s Ed course, which will remind you of your responsiblity to be a safe or safer driver.
- Once you are willing to comply with these above standards, you will gain the trust of not only your parents, but also of your parent’s car insurance company, which will significantly cause their premiums to go down.
- Yes, you as a young motorist can learn to be a more maturer, responsible motorist, but that depends much on you and your willingness to comply with the above directives.
- Learn to gain the trust and respect of others today by being a safer driver.
There are numerous insurance companies
Insurance companies sometimes put a lot restrictions on young drivers as a result getting an affordable and reliable car insurance young drivers is not easy. Contact several insurance companies by phone and get a free quote from them. This service is free of charge and by giving all your information you will be able to know approximately how much the monthly premiums will be. Sometimes, insurance companies offer many discounts and ask the company about the discounts you might qualify for some of them. There are discounts for new car buyer, good student discount, and low income family discount.
Know the basics
Do not hire an agent to do the insurance paperwork for you, because they charge a lot and they are not really helpful. If you have no language problem you can do this by yourself.
Having a good driver record is the most important factor if you want to get cheap car insurance. Try to maintain your good driver record by following traffic rules while driving. If you have too many tickets it means that you car insurance will be really high. For young drivers this is particularly a case because according to the statistics young drivers break the traffic rules more than adult drivers.
Getting car insurance for young drivers is not easy because most of the time insurance companies put really high rates. There is a high possibility that a young driver will be involved in an accident more often so consequently the insurance is higher. On the other hand, if young drivers maintain a good driving record they will be able to get car insurance easily.