Car Insurance tips for young drivers
Young drivers face an uphill battle when trying to get Car Insurance at a reasonable price, but it doesn’t necessarily have to be that way.
The Car Insurance companies see young people as a high risk, particularly us male’s and for good reason. Drivers under 25 are more likely to make an insurance claim than any other portion of the population. So what steps can you take to ensure you get the best deal?
Where possible stay on your parents Car Insurance policy. The extra amount that it costs them will pale in comparison to going out and purchasing your own policy. Another advantage is if you have your own car your parents can put this car on their policy and they may recieve a discount for multiple cars on the one Car Insurance policy. When you turn 25 you can go and get your own policy at a reasonable premium.
Putting yourself through a Defensive Driving Course can sometimes earn you a reduction of your premium. Aside from being a great idea anyway some Car Insurance companies will regard you as a safer driver and therefore offer you a lower premium. Check with your Car Insurance company or ask if they offer this discount before signing up with them.
Protecting your vehicle with a good quality alarm with an immobiliser can also be of benefit to you. Once again some Car Insurance companies will see this as a measure to reduce their risk and reduce the premium accordingly. Be sure to check with prospective Insurance companies about this one as well.
These tips may not save you a fortune but any money saved can be put to good use, like buying more stereo gear or that next engine modification!!
Thank you for the advice. I’m about to purchase my first car but I’m scared to make the jump because of Insurance prices for someone my age.
I’m glad I’m past that age. Insurance is a killer when you’re young. Also, the area you live in can really impact the cost of insurance. When I lived in Miami, I was paying twice as much as I do now in Daytona Beach.
It certainly is a killer when you’re young. Location must play a big part in the premiums in USA, luckily here in Aus. we don’t have too much variation. Thanks for your comment.
Craig
Well. Sometimes the insurance is not enough, or it is not worth it. You pay, pay and pay and when it comes to an accident, the company where u have the insurance gives you not whole 100%.
Give them an offer which they can’t disapprove
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The drivers course ( driving school ) is a great way to save some money on car insurance for young drivers. Additionally, as you said going under a parents insurance and keeping a clean driving record can reduce premiums when you go to get your own insurance. One ticked can impact the insurance rate for 3 years. There are also some discounts for good grades in school and choosing a conservative color and vehicle can reduce rates as well. I was just reading that the Matrix has Scion have higher rates because of the amount of tickets drivers get with them, so keeping the clean driving record seems to be a key.