Cheap Insurance For Young Drivers – How To Get It
You've been dreading this day for years but it has finally arrived, your son or daughter has finally got their driving license and now it's time to figure out how to get cheap insurance for young drivers. If you haven't already done some research get ready for a shock. Insurance companies set the price of insurance for these drivers the same way they do for everyone else. However, based on years of keeping statistics, drivers under the age of 25, regardless of their location, gender or type of vehicle are more likely to be involved in accidents then any other age group. As a result, the rates charged are higher, sometimes by several hundred dollars and even thousands more. So when we use the word "cheap" we mean it in relative terms. Getting insurance for your teen driver will be expensive but there are still ways to save.
First, insurance companies understand that this is a growing demographic and that young drivers eventually become adult drivers and if an insurance company can get them as clients early, there is a good chance they will stay with that company for many years to come. So, they do offer special discounts and incentives to attract these drivers. You just have to go looking for them and make sure you ask.
This is where the web comes into play. It's so much easier today to comparison shop then it was say twenty years ago. There are several sites that you can go to that will quickly present you with different options on cheap insurance for young drivers. Remember, not every company will offer discounts or they will offer different discounts so it's important to shop around. With a little effort you should find companies that will reward:
Excellent Grades – Both for college students and high school students.
Equipping your vehicle with electronic devices that can monitor driving habits.
Taking an accredited young drivers safety course
Occasional driver because the driver is going to school somewhere other than where the car is kept
Graduating from college
When comparison shopping always look for additional discounts that might be offered for teen drivers, you never know what you might find that works for you.
In addition to special discounts there are other factors that can help provide cheap auto insurance for young drivers. The type of car being driven is important. Stay away from souped up sports cars or pickup trucks. A slightly used family sedan is best. Keep a clean driving record. Every year your driver keeps a clean driving record will result in reduced rates. If the young driver won't be using the car very often sometimes you can get a low mileage discount. And of course, the biggest savings comes if the driver is listed as a casual driver for the vehicle and the parent is the primary driver. As soon as the car is owned by the young driver rates go sky high.
Getting your first driver's license is a big step in everyone's life and every parent wants to see their child grow and expand their horizons but not getting cheap insurance for young drivers can be a tremendous financial burden for many families. Fortunately, with a little effort and the Internet, those costs can now at least be kept to a minimum.