Cheap Car Insurance for Young Drivers
One requirement of owning a car and having the privilege of driving is that automobile insurance is required. If you are a young adult, this may not only be a difficult proposition but also an expensive one. Young drivers are those who fall into the category of under twenty five years of age and, unfortunately, this serves as a disadvantage. Car insurance for young drivers is expensive because it has been proven and is well documented that teen drivers have the highest accident rate and also the highest incidence of traffic violations. In simple terms, young drivers are the riskiest drivers on the road. The insurance companies are very well aware of this situation and have adjusted their rates accordingly. They actually have actuarial tables available that can document the high risk so they can justify charging high rates to young drivers.
Unfortunately, this system is not fair. There are many very responsible, safe young drivers who are paying a high price for car insurance simply because of their age. In addition, male drivers under the age of twenty five are subjected to even higher rates because they drive more miles and are considered more reckless when they are behind the wheel. If sports cars are involved, which is a preferred car for young drivers, and there are traffic tickets involved, watch out because the rates will go through the roof. Even driving in or near large metropolitan areas will increase the price of your insurance. You will need to look hard to find cheap car insurance for young driver.
Going without insurance is not a very wise option. Although many drivers are tempted to drive with automobile insurance because of the high cost, this could create a catastrophic financial situation. It could lead to legal difficulties, bad credit, and huge financial ramifications. This is just not a path young drivers should follow.
So how much is car insurance going to cost young drivers? There are many factors that will affect the price of the premium, such as the type of car that is driven, driving record, and the area where the vehicle is being driven, so the range is wide open. However, the typical cost for a young driver to be insured for one year is between $3,600 and $14,000. This is pretty pricey especially for young people who are just starting out and do not have a lot of money. How is cheaper insurance found? Are there any secrets to finding the cheapest car insurance for young drivers?
There is not a simple, easy secret in finding cheap car insurance; it is going to take time, effort and persistence. The internet is loaded with web sites from insurance companies that promise low rates. Rates can be checked quickly but be sure to check out all available companies and do not skip over any. There is too much money on the line to be lazy and sloppy.
Make sure that every aspect of the insurance coverage is completely understood so that the policies can be compared equally. Then, check out and compare every insurance company so see who offers the lowest quote. Surprisingly, some quotes may come back substantially lower than others. It is important not to get frustrated when the quotes come back high as it only takes one low quote to secure a cheaper insurance rate.
While the internet is easily accessed, don't overlook any local insurance agents. Perhaps family members have relationships with a local agent who might be able to find a lower rate for you. Many independent agencies now offer policies from multiple insurance companies so there may be a variety of choices. The point here is to not overlook any opportunities to find a lower rate.
One important aspect when searching for cheap car insurances is to request any discounts that may be available. Many companies may offer these but they may not readily offer them; you may need to ask what is available.
There may be multi car discounts if more that one vehicle is insured. Perhaps your insurance can be tied in with those of other family members or with other policies that already exist such as home or renters insurance. Many companies offer good student discounts for those drivers who have good grades. The belief here is that good students typically are good drivers. If a driver education program has been completed, there are usually discounts available for those drivers. Be sure to seek out any possible discounts because some of them can reduce the policy price by as much as twenty five percent.
Car insurance is a costly expenditure to any driver but it is even more expensive for the younger driver. With a little bit of persistence and careful analysis, a lower rate can be found that can result is a savings of hundreds of dollars each year. Do your homework and save big money.
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