Finding cheap car insurance for young drivers can be quite a challenge – and the high rate of teen accident and death can skyrocket your insurance rates 50 to 100 percent! Where are parents to turn when they need insurance protection for their teenagers without breaking the bank?
We’re experts at helping you find cheap car insurance for young drivers. With one quick and easy form and a little information, we can find your teenagers up to five affordable quotes on the insurance coverage they need. Just fill out our “Auto Insurance Quotes” box at the top of this page, and we’ll get you up to five quotes right away.
At what age are drivers considered as young? Most insurance companies normally consider those below the age of 21 to 25 years. It varies from one company to another, but the range is usually the age stated above.
Obtaining cheap car insurance for young drivers could sometimes be a big headache. There are even some cases where the cost of insurance is more than the car they owned. As such, apart from getting older; are there other ways to reduce the cost of car insurance for this group?
The answer is a YES! Irrespective of any age group, you must be prepared to do some shopping around if you wish to obtain the best rate. Obtain a minimum of at least three to five quotes from different insurance companies. Then make a like for like comparison of the quotes received. Informed the insurance company with the next lowest quote and or your existing insurance provider of the best quote you received. Ask if they could improve on it. With the answer, you can then decide on which of the insurance company you want to do business; taking into consideration their claim history, quality of service, financial standing and result of your reference check. In short, you need to do lots of research and be prepared to haggle for the best deal. Basically, those are the steps you need to take to ensure of having a more competitive rate on your car insurance.
You may now wonder why the cost of insurance for this group in particular is high and if given the option, most car insurance companies would not want to take the risk from this age group. Studies have shown that young drivers between the age group of 16 to 21 are 10 times more prone to accidents than those in the range of 30 to 59. Insurance companies consider them the high risk group as they lack the driving experience and are usually unable to handle pressure situations. They are easily influenced to taking of drugs and or consuming alcohol which are the main causes of most accidents. It is no wonder that insurance companies charged a very much higher premium for these young drivers.
Despite these negative facts about young drivers, all is not lost as even for this group, some discounts are still available. Below are some tips to reduce the insurance premium which should encourage them to be more responsible and careful when they are behind the wheel:-
1) Help your young drivers learn and be aware of the traffic laws. All traffic rules should be obeyed at all times to avoid being issued with traffic tickets or being involved in accidents. These are of no help in your effort to reduce the cost of car insurance for your family.
2) Set a good driving example for your children, right from young. If you would to shout at other drivers on the road, use the cell phone or even break the speed limit whilst behind the wheel; how would you expect your children to do differently when they are able to drive? Observed and analyzed your driving habits. Set good examples for them to follow and they will be good drivers in future. Remember, children tend to follow the examples set by adults; especially those of their parents. Be it good or bad examples.
3) In most cases, it will be better to include your teenager into your policy as an additional driver. He or she will then be able to qualify for the discounts you are currently enjoying. Should you purchase an independent policy, he or she may not enjoy the discounts and probably has to wait for at least three years to do so.
4) Motivate your son or daughter to get good grades in school/college. Inform them that by doing so, insurance company will consider them as responsible and would qualify them for discounts on their premium. Better still, you could pass on some of the savings to them as incentives if they continue to get good grades.
5) Encourage your teenager to attend courses on driving, in particular courses on defensive driving. Make sure to check with your insurance provider to ensure that the course offered by the school/college is recognize; so as to qualify them for farther discounts on their car insurance.
6) Buy an old reliable small family car, fitted with the necessary safety equipments for your young driver. Although most teenager may not like the idea at first; explain to them that it is for their own safety, as well as it contributes to a lower car insurance premium. A new flashy sport car may be nice to have but it may attract unnecessary attention (to car thieves) and encourage one to drive fast, thus increasing the risk of accidents.
7) Take this as an opportunity to interact and better understand your teenage son or daughter. Discussed with them the various ways to reduce the cost of car insurance for the family. As in tip No. 4, you may also pass a part of the savings for their ideas and contributions. Do not always make this as a habit of rewarding them or else they may get use to the idea of emptying your pockets at every opportunity. Motivate and reward them as and when necessary.
Discussed and explain to them about the ills of drugs and alcohol. This should be done especially if your teenager always feels that they have everything under control. The consequences of their ignorance on these topics could be catastrophic and even causes death, especially when they are behind the steering wheel.
9) Advise your young driver about the consequences of receiving traffic summonses/tickets. Depending on the severity of the offences, one may even be suspended from driving for a period of time.
10) Take a ride with your young driver from time to time. You may be able to spot some of his/her mistakes or bad driving habits. Point it out to them in a tactful manner and in due course, they will learn to be good drivers. If they are doing a job driving, praise them for their effort.
There you are the 10 tips on what you and or your teenager can do to reduce the premium on your family car insurance. Initially you may be of the opinion that it is not only difficult but also expensive to obtain cheap car insurance for young drivers. With the knowledge gain and some negotiating skills, you should be able to get cheap car insurance for young drivers.
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