Helpful tips for young drivers
- by admin
Being a young driver aged less than 25 is quite uncomfortable from the insurance perspective as you’re always charged with premiums that can be twice as high as your parents pay. That is because insurance companies regard younger car owners as being the most risky age group to insure. And while this may seem as a form of discrimination, the hard facts are on their side and you can’t do anything about it. Young drivers have less experience, end up in accidents more often and tend to take more risk while behind the wheel, which reflects in more at fault claims and more serious accidents. Still, even if you make part of this age group this doesn’t mean that there are no ways to get affordable insurance for your policy. Here are a few tips on how to do it right:
Ask your parents to include you to their policy
Although it may seem like a move that’s not very independent this still may help you save some money. Especially if your parents are paying the premiums. By including a high risk teen driver to the policy the premiums will automatically go up, however it will still cost you less than buying two separate policies for parents and the teen driver apart. So consider talking to your parents about such a move, especially if they already have very competitive premiums on their policy.
Be a good student
If you’re going to school or college there’s a good reason to get better grades. Auto insurance providers prefer good students because they have been observed to be more responsible on the road and ending up in less accidents that bad students. In order to qualify you have to show proof of an average of B and higher every trimester as a copy of your grade report. Sure, a little paperwork might be a bit irritating but having a 10-15% discount of your premiums is definitely worth the effort.
Get an older car
Peer pressure is one of the most acute features of teenage and early adulthood, which is reflected through many aspects including the car being owned. Younger drivers tend to strive for more expensive and “cool” cars not realizing that such vehicles will cost much more to insure and will have significant repair costs in case of an accident. So it makes more sense to buy a cheap and used car on your initial stage of driving that will be cheaper to insure and won’t drain your family budget in case of a minor accident, which will happen sooner or later while you’re gaining the necessary experience behind the wheel.
Shop around
Shopping around is a must for just any auto insurance buyer and is crucial for young adults. Because all companies tend to have different methods of calculating their rates the quote you get when shopping around will always fluctuate to an extent. Your aim as a high risk driver is to find a deal that has the lowest premium for the best set of coverage that will insure your vehicle right.