Finding the cheapest car insurance for young drivers can be easy when you know the following tips and when you know where to find the right providers. Keep in mind that car insurance for young drivers will be more expensive because of the higher risks that the insurer takes.
Studies have shown that young drivers are more likely to be in accidents than their older counterparts particularly in the 25 and above age bracket. Furthermore, young and new drivers have yet to accumulate a no-claims bonus, thus, their higher premiums.
Useful Tips to Keep in Mind
You have several things that you can do to reduce the overall cost of insurance policies for your drivers including:
Pay for the insurance cost in a lump sum, if you can afford it. When you pay in monthly installments, your total cost will likely be higher.
Avoid paying for extras that your teen may not require.
Get an extra driving qualification. You may be able to avail of discounts offered by insurers for young drivers who can show proof of additional driving lessons.
Buy an affordable car that can be insured without endangering the safety of the driver and his passengers. You can ask the provider about this matter so that you can choose the most suitable car for your teenage child.
Add an experienced second driver to your young driver’s policy. The rationale is that the young driver will not be the only driver of the car, thus, reducing the risks for accidents. Just make sure that the car must be in your teen’s name, as the primary driver.
Make the vehicle secure to reduce the risks of theft and accidents. The provider will look favorably on these safety and security measures by agreeing to discounts.
You should obviously compare several quotes regarding premiums, deductibles, and coverage before making your decision. You must also look into the track record of the insurer as ease of filing and receive your claims also matter.
Recommended Providers to Consider
The following insurance companies are highly recommended for providing among the most affordable policies for young drivers:
State Farm Auto Insurance is widely considered as the best provider of auto insurance for dangerous drivers. It is known for its strong financial ratings, wide range of plans, and timely and reliable claims service as well as excellent customer service via thousands of local agents and 24/7 hotline.
Amica Mutual may be a low-profile company, but its solid customer services, the broad range of plans with available discounts to qualified individuals, and smooth claims resolution process make it among the best insurance companies in the United States.
Esurance DriveSafe has a safe driving program for teenagers, which many parents appreciate because of the additional driving training.
When you have identified the provider for the cheapest car insurance for young drivers, you have to educate your teenager, too, about its pros and cons. You must emphasize that while an insurance policy can cover some, if not most, expenses in case of accidents, it’s not a license to crash his car.
Cheapest Car Insurance For Young Drivers