Finding Cheap Car Insurance For Young Drivers
If you are a young driver, or the parent of a young driver, finding cheap car insurance doesn't seem possible.
And it is true: You are going to pay quite a bit more than for an adult over the age of 25.
There are some things you can do to try to lower the costs.
The statistics support the unfortunate fact that younger drivers are a much greater risk.
And the greater the risk, the higher the rate an auto insurance company is going to charge.
But don't give up yet.
The one thing people often don't realize is that rates do vary from one company to the next.
This is because companies typically develop their own rating structures.
With that in mind, one of the most important things you can do is to shop around for the lowest quote.
The Insurance Information Institute recommends that you get at least three quotes from different companies or agencies for a good comparison.
Also, to get an accurate comparison, provide the same information such as coverages, deductibles and annual mileage to each place that you request a quote from.
Many people find it more convenient to get their quotes from an insurance comparison Web site because they only need to enter this information once to get several quotes back.
Young drivers can also take some responsibility to help lower costs.
Maintaining good grades can often get a pretty good discount.
Of course, maintaining a good driving record is of utmost importance.
Also, check to see if there are discounts available for taking a driver training course or defensive driving course.
Consider raising your deductibles.
You could cut costs substantially by raising a $250 deductible to $500 or $1,000.
Also, the type of car can really affect how much you pay.
Before buying a vehicle, check to see what how much it costs to insure.
One thing to note: Many insurance experts recommend that you increase limits of liability with younger drivers, since there is more of a liability risk.
Higher limits do increase the premium, but the added financial protection could be well worth it.
And it is true: You are going to pay quite a bit more than for an adult over the age of 25.
There are some things you can do to try to lower the costs.
The statistics support the unfortunate fact that younger drivers are a much greater risk.
And the greater the risk, the higher the rate an auto insurance company is going to charge.
But don't give up yet.
The one thing people often don't realize is that rates do vary from one company to the next.
This is because companies typically develop their own rating structures.
With that in mind, one of the most important things you can do is to shop around for the lowest quote.
The Insurance Information Institute recommends that you get at least three quotes from different companies or agencies for a good comparison.
Also, to get an accurate comparison, provide the same information such as coverages, deductibles and annual mileage to each place that you request a quote from.
Many people find it more convenient to get their quotes from an insurance comparison Web site because they only need to enter this information once to get several quotes back.
Young drivers can also take some responsibility to help lower costs.
Maintaining good grades can often get a pretty good discount.
Of course, maintaining a good driving record is of utmost importance.
Also, check to see if there are discounts available for taking a driver training course or defensive driving course.
Consider raising your deductibles.
You could cut costs substantially by raising a $250 deductible to $500 or $1,000.
Also, the type of car can really affect how much you pay.
Before buying a vehicle, check to see what how much it costs to insure.
One thing to note: Many insurance experts recommend that you increase limits of liability with younger drivers, since there is more of a liability risk.
Higher limits do increase the premium, but the added financial protection could be well worth it.
