Is There Such a Thing as Affordable Young Driver Insurance?
Are you in the market for car insurance to cover your teenager or young driver? Did you just about fall over backwards when you saw what it will cost you? Don’t worry, this article will give you some good ideas on how you can find the right policy for your financial situation.
To back up a little, it’s a true statement that teenagers are the group considered to be the highest-risk drivers. Therefore, insurance companies need to find ways to protect themselves and this often means that young drivers end up having to pay double the amount of insurance and sometimes even triple that other age groups pay.
For example, one well-known fact based on statistics is that 16- and 17-year old males are the group of drivers that are most prone to having accidents. Even more so than females of the same age.
I’m sure you’ve guessed it, but the males have to pay more in premiums than the females of this age group.
We don’t like to think about our kids getting into accidents, but be aware that teens between the ages of 16 and 17 are as much as 3 times more likely to be involved in some kind of collision than anyone who is between the ages of 25 and 64.
God forbid that any of our teens become these statistics, that’s why it is important to sit down with your teen and explain to them the seriousness of driving. If you are armed with the right information, you can help your young driver better understand how important it is to be a safe driver. This will also help you obtain better rates from car insurance companies.
The statistics are depressing and in light of that, you most likely won’t find really low cost young driver car insurance, but all is not lost. There are ways for you to minimize cost for car insurance for your teen in a few different ways:
If your teen is already driving and is driving an older vehicle, have your teen purchase their own insurance policy that isn’t part of your package.
If your young driver is going to be added to your current policy, think about adding them as an “occasional” driver instead of a “primary” driver.
In some states, this tip is mandatory, but if your state does not require it, make sure your young driver takes a defensive driving course or some kind of driver’s ed. This course completed will definitely help you obtain reduced rates on the premium.
If you are buying a car for your teenager, make it a low-performance auto or sedan. This will help your insurance carrier determine a lower price than if your young driver is ripping up the streets (let’s hope not!) in a flashy sports car or high-performance vehicle like an SUV.
And guess what? Grades count! If your teenager has a B average in school or better, you can ask about a student discount. Many insurance companies will allow good grades as a sign of responsibility and thus, give you a better rate for young driver car insurance.
All of these tips together for how to get young driver insurance will help you find the best rates for the right policy for your teen or first-time driver.
Looking for more information about how you can get low cost car insurance for student drivers? Protect your wallet and your teen by visiting www.young-drivers-insurance.net.
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