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Is There Such A Thing As Cheap Car Insurance For Young Drivers?

Cheap car insurance for young drivers is unlikely.  Why?  To put it simply, the more experienced a driver is and the less likely he/she is to have an accident – the cheaper the insurance rates will be.  

Teenage drivers unfortunately represent the highest risk to insurance companies and cost them a lot of money each year.  They are involved in more accidents and more fatal accidents than any other group on the road.  Because of this, insurance companies charge far more to insure them in an effort to cover their expenses.

A teen driver may have taken driver’s education courses and that is a great thing.  It does help but, experience is the true teacher.  Nothing in that class is going to prepare them for the deer that runs directly out into their path or the blow out that requires their immediate and accurate response.  With experience comes wisdom – something only time can do.

The worst thing we ever did for our teenage drivers was to invent the cell phone and text messaging!  Every teen driver should read the “Car Accident Cell Phone Statistics” before getting behind the wheel!  In our infinite wisdom and quest for technology, we have severely jeopardized the safety of not just the young but every driver on the road today with this marvelous gadget!  It is a fatal distraction.  Each year, 21% of fatal car crashes involving teenagers between the ages of 16 and 19 were the result of cell phone usage.

So, until your teenage driver has logged more than a few hours behind the wheel and proven him or herself to be a responsible driver, the cost of their policy will remain high.  There are, however, a few things that will help to lower the cost a bit.

How To Get Cheap (er) Car Insurance For Young Drivers:

Choose a practical vehicle.  While every teen would love to have a cool Mustang or a Camaro, these cars are known to encourage reckless, aggressive behavior.  Insurance companies recognize this and charge more to cover them. If you opt for a sensible, safety equipped vehicle like the Toyota Camry or a Honda Civic and you will see cheaper rates.
It’s very likely that your insurance rates will be reduced if your car has added safety features. Automatic seat belts, front and side air bags, anti-theft devices and anti-lock breaks can all help to get you the best deal possible.
You car doesn’t have to be “brand new” either – a good, reliable, used model will save you some money as older vehicles are generally cheaper to insure.
Know the market value of your vehicle.  The coverage you need will vary depending on the value of the car. There is no sense in having comprehensive and collision coverage on a vehicle that is low in value because any claim you make probably won’t exceed the cost of the insurance and the deductible amount.  An older model car with liability only will save you a lot of money every month compared to a newer car that has comprehensive and collision coverages.
If you must have comprehensive and collision coverage, opt for the highest deductible that you can afford.  Higher deductibles equal lower rates too!
Add your teen driver to your policy. Your policy price will definitely increase but not as much as purchasing an individual policy.  Multiple drivers and multiple vehicles on a family policy can save you money.
Encourage you teenager to do well in school.  By maintaining an A – B average, they can save you money on their car insurance.
Send your teen to defensive driver’s education courses.

In order to find cheap car insurance for young drivers you will still need to shop around.  Quotes can vary wildly from one company to the next.  Do your homework before you buy!

 

As a parent, are you fast finding out that there is no such thing as cheap car insurance for young drivers? Take heart – there is help. Visit Tips On Car Insurance now to find out what you can do to save yourself the most money while getting the best possible coverage for your new teen driver!

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Insurance For Young Drivers Does Not Have To Be Expensive

It is often said the car insurance for a young driver can cost far more than the car the young person wants to drive. This sounds ridiculous but it can be true. It is fair to say that some insurance companies are just not interested in insuring young people and their prices reflect this. The reasons are fairly straightforward. The statistics show that young people are a far higher risk than more experienced drivers to the chances of the insurance companies having to pay out on claims is that much greater. They are in business to make money not lose it, so they have to charge young people much more to ensure they still make a profit after paying out on all those extra claims.

 

This basic principle in unlikely to change and any insurer who offered the same rate for young drivers as for older ones would not be in business long, because the fact show very clearly that young people do have, and cause, far more road accidents.  That does not mean that there are not other ways you can bring down the cost though.

 

The worst possible combination for insurance purposes is a young driver and a powerful car. Evidence shows that the chances of an accident are very high, and that the costs involved in claims are also high. You therefore have no chance of reasonable insurance if you set your sights too high in terms of fancy cars.

 

The things that push insurance costs up are the size of the engine, the cost and value of the car, the age of the car and the insurance group that the car belongs to. You can bring down your premium costs with a reasonable insurance company by choosing the car that the young driver will have very carefully. You should go for an older, smaller vehicle, which is preferably from one of the lowest insurance groups. This may not be attractive to the young person who wants to look good in a sporty car, but it will at least allow them to be able to drive, which might not be possible with a more expensive vehicle.

 

The other factor that can affect how much you pay, is of course the type and extent of insurance cover that you ask for. You do not have to do fully comprehensive and you can make a big difference to the cost of premiums if you just stick with third party insurance. By combining these various factors you should be able to bring down the cost of young drivers insurance enough to at least get behind the wheel. Once you have established a record as a safe driver, you can then start to go for slightly more impressive cars.

 

 

Find out more about where to get low price insurance young drivers on the authors website, which offers a range of information including how to reduce the cost of young car drivers insurance, how to get a provisional driving licence and advice on drink driving laws, learning to drive, etc.

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Insurance ? Young Drivers Can Get Cheaper Car Insurance

As soon as you are old enough to pass your driving test and drive your own car you are naturally itching to get a set of wheels and head off into the sunset. Sadly the cost of car insurance often puts something of a damper on proceedings, as it is usually prohibitively expensive.

 

It is worth understanding why it is so expensive in the first place, as this can help inform what steps you can take to reduce that cost. Insurance as all about risk and companies base their premiums on the perceived risk of you having an accident and them having to spend money on your claim. The more likely this is to happen, the more they want to charge you for insurance.

 

But you think you are a good driver and how can they possibly know you are a high risk? Well it all comes down to statistics and you will be judged on the past performance of people who fit your profile. The unfortunate fact is that young people, and young males in particular, are far more likely to have an accident that a middle aged person.

 

There is no getting away from hard statistics like the fact that one third of all fatal accidents on the roads are caused by drivers aged between 17 and 25. There are lots of factors involved in why young drivers have more accidents, but there are obvious connections too with the ways young people in general are using cars compared to the ways most older people use them. For example, you can see how regularly driving groups of friends between social events is more likely to lead to excessive speed or showing off than going to and from work on your own every day.

 

So the biggest factor in bringing down your premiums will be when you can demonstrate to the insurance company that you have been driving for some time and have not had any accidents. That is clear proof that you are a good driver, but you cannot do that from day one, so what other steps can you take?

 

The other things that directly affect the cost of your insurance are to do with the car that you propose to drive. The more expensive the car, the bigger your premium, the bigger and faster the car, the bigger your premium, the higher the insurance group of the car…well you get the picture. So, while it may not be the most welcome news for young people, the main way to bring your insurance cost down is to go for a small, inexpensive car from a low insurance group. With a cheap older car it is less vital that your insurance is fully comprehensive, so just go for third party insurance, which will cost you less.

 

 

Find out more about where to get low price insurance young drivers on the authors website, which offers a range of information including how to reduce the cost of young car drivers insurance, how to get a provisional driving licence and advice on drink driving laws, learning to drive, etc.

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