Is There Such a Thing as Affordable Young Driver Insurance?
If you are like me and have teenagers at home that are starting to drive, you are probably looking for affordable young driver insurance. Don’t be shocked when you first get quoted for adding your teen to your policy. And don’t despair! Keep reading this article to get some great tips on how to lower your car insurance for the first-time driver in your family.
To explain a little bit about why young driver car insurance costs so much, put yourself in the insurance company’s shoes. Teenagers are the highest risk group of drivers to insure. Insurance companies get nervous about the statistics referring to teenage drivers. So, they charge a lot more for premiums depending on the age and other factors.
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.
And you can probably figure out that the boys end up paying more for car insurance premiums than the girls.
Not a pleasant thought, but something you should definitely be aware of: first-time and young drivers that are between 16- and 17-years old are three times MORE likely to get into a car crash or accident that those drivers between the ages of 25 and 64.
We all want to protect our teens from the worst case scenarios. And really that is also the intent of insurance companies, believe it or not. To be armed with as much information as possible is what will help you determine the best policy for your needs and those of your young driver.
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:
Is your teen already driving? What kind of car do they drive? If it’s an older car (meaning not a snazzy sports car), your teenager could possible lower the rates for insurance by purchasing their own policy in their own name.
Another good tip is to classify your young driver as an “occasional” driver instead of a “primary” driver – especially if you put your teenager on the family car insurance policy.
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 your teen is one of the lucky ones and you plan on buying a car for him or her, choose a sedan over a flashy sports car. Car insurance carriers base their rates on the kind of car that is being driven. If they see that a first-time driver is potentially ripping it up out there on the streets with a brand new snazzy sports car, then you can rest assured your rates will be much higher on your premium.
You can get good rates for young driver car insurance if your teen is a good student. Many companies will award lower rates if you can prove that your child gets A’s and B’s in school.
Using these tips together, you can most likely find the best policy for your young driver and not break the bank, too!
Looking for more information about how you can get low cost car insurance for young drivers? Protect your wallet and your teen by visiting www.young-drivers-insurance.net.
