It seems that young drivers get the short end of the stick when it comes to car insurance rates. They often times will be charged higher premiums on their insurance policies than older drivers. I’ve even heard of young people that have put off getting their drivers license and buying a car just because they knew that insurance rates would not be affordable for them. Although most young people would not go to this extreme, I can see why some would.
Insurance companies base premiums on the amount of risk involved on the policy. They tend to see young people as high risk drivers because of their lack of driving experience. Since they have never been behind the wheel before, some insurance companies won’t even insure these young drivers. Although there are some young people who have gone through extensive driver training and are very responsible, there just is no substitute for the experience that comes from years of driving in various conditions. It might seem to some that the fastest way for young drivers to get lower auto insurance rates is to get older. However there are some other, faster ways to get lower rates. Who wants to get old anyway?
Being young and on the road for the first time can have its ups and downs. There’s the feeling of freedom that comes with driving for the first time on your own, new places to go, new adventures with friends, as well as other fun that can be had with the help of a set of wheels. One downside that you should know by now is the cost of insuring that set of wheels. It’s not so much the car that is expensive to insure but the determining factor is the experience of the driver. So what’s a young driver to do when it comes to purchasing insurance? I’d say the most important thing that they should do is get to class! That’s right hit the books, study every night and get good grades. Many insurance companies offer good student discounts that can reduce the cost of insurance dramatically. Not only does this save money, but it also makes a person smarter and better off in life because now they’re educated.
Another thing young drivers can do to get lower rates is stay off the road as much as possible. Insurance companies also set rates based on the amount of mileage that you drive annually. I would suggest taking public transportation as much as possible, riding a bicycle to work and school if reasonable, and getting rides from friends and family who are going the same way. Remember to document your mileage in the form of auto service invoices such as oil change receipts. This will help lower the cost of insurance for young drivers. The other factor that I want to share with you will help out in the long run as well. This should go for all drivers as well, drive cautiously at all times. Don’t risk getting in an accident or getting a ticket by driving fast. Always be on the defensive, and always obey the speed limit. Keeping a clean driving record is key to keeping your car insurance rates low. Some companies will even take away good student discounts if a young driver starts to rack up tickets.
Now that you know what can make insurance rates cheaper for young drivers, I’m sure you want to know what companies offer these discounts and services. The answer is that there are numerous companies that offer low cost insurance rates for young drivers. In fact too many too list. Some will seem high even with all of the discounts applied, some will surprise you on how affordable they are. Finding the latter is what you should be aiming for. The best way to do this is to search for rates online from multiple companies and compare the lowest quotes. Don’t worry though, you don’t have to go to each company website to fill out quote form after quote form just to compare. There are a few sites out there that are affiliated with many different insurance companies. These sites offer a service where you can fill out just one quote form and receive quotes from several major insurance companies, often with an option to buy your policy online right there and then. These sites will work to your advantage because the insurance companies are in essence competing for your business so they will most likely offer the lowest rates available. Be sure to give accurate information on the quote form, such as correct annual mileage and disclose any information pertaining to student status or employment status. This will help you get the cheapest car insurance for young drivers.
Cheap auto insurance for young drivers is not always easy to find. Auto insurance companies have had a tendency over the decades to discriminate against younger drivers due to negative stereotypes. Many statistics reported that younger, less experienced drivers are more likely to get into accidents, making them a high risk demographic. This makes sense to a certain degree; teenagers simply have not spent enough time on the road to develop great driving skills and instincts. However, there are some excellent drivers in their teens and early twenties who deserve not to go broke just so that they can visit the mall or get to class on time.
Fortunately, insurance companies have begun to take into account the fact that not all young drivers are created equally. Cheap auto insurance for young drivers is easier than ever to find when you go online and get a free, easy Insurance quote. There was a time when you had to go and visit an insurance agent’s office to get this kind of information, but online insurance quotes are just one more miracle of the “information age.”
Lack of cheap auto insurance for young drivers can actually cause a wide range of problems. One of the most unfortunate side-effects of ridiculously high insurance cost for young drivers is that some people in their late teens and early twenties feel desperate enough to drive without insurance. They may be paying for college themselves, renting their first apartments, paying for books and living expenses, car payments, and many other expenses that add up quickly. Driving without insurance is never a wise idea, but it isn’t difficult to see why some young people feel trapped. They have to drive to get to work or school, but the insurance costs are prohibitively high. If you know anyone in this predicament, please encourage him or her to keep looking, keep researching. Just because one company quotes you an outrageous fee does not mean that they are all that high.
The way to find the best insurance is to take advantage of free online quotes and compare notes on them all. However, money is not the only factor. Be sure to get a feel for an insurance office before you commit you hard earned dollars. Try to find an office that offers great service as well as great prices. Cheap rates are still not worth the money if you get nothing in return. If you are a young person, I recommend visiting the insurance office and seeing how they treat you. If they are not friendly and respectful when you visit to say hello, they will probably not be so helpful if you need to file a claim.
To be fair, young people are not the only drivers who face discrimination based on their age. While it can be tricky to find cheap auto insurance for young drivers, it can be even harder to find auto insurance for older drivers. Senior citizens also face stereotypes when it comes to their driving ability. While young people are stereotyped as inexperienced, or even reckless, older drivers are often assumed to be senile or slow in their reaction times. This is equally unfair. It’s important to give your business to companies that treat their customers with respect, regardless of age. With many insurance companies to choose from, and online technology available to check them out, it is getting easier to find the right auto insurance, no matter your circumstances.