I Know I am Young But Why Is Car Insurance So Expensive?
Many parents and students will find auto insurance expensive for young drivers. why is this? If you’ve tried to find cheap car insurance for a young driver, you’ve probably found this to be a difficult task!
Do you know why car insurance is expensive for younger drivers?
Insurance companies have research and data to help them determine different rates for different groups of drivers. Research shows that due to lack of experience behind the wheel, young drivers have more accidents than the average adult, putting young drivers in a higher risk category. this is the main reason why young drivers pay a much higher premium for their insurance. you may think you’re a safe driver, and you probably are! but the statistics show that there is a good chance that you will be involved in an accident.
There are several ways to lower car insurance premiums for young drivers.
1: be a defensive driver. A large percentage of new drivers are involved in car accidents the year they receive their licenses, which is why some insurance companies are hesitant to insure them. consider upgrading your driving skills and take a defensive driving course. these classes can be taken in a classroom setting or online. some insurance companies will lower your premium by up to 10% with proof of course completion.
2: Add credits for safety features in your car. Make sure your insurance agent or company is discounting all security devices. some examples include anti-theft devices like car alarms or safety features like airbags and anti-lock brakes.
3: Don’t drive without insurance. There are many reasons why new drivers need car insurance. If you think you’ll save money by driving without insurance, you’re wrong. If you are involved in a car accident and do not have insurance coverage, the consequences could be much greater than you think. you could get in trouble with the law and face expensive repairs and medical bills. however, if you have insurance coverage, your insurance company will pay for all damages caused by the car accident.
Basically, if you’re one of the many new drivers who wants peace of mind, then make sure you purchase comprehensive auto insurance coverage. The above are some steps you can take to lower your premium, but until you’re more experienced driving and older, you’ll likely face some pretty high rates for your insurance.
some other strategies to protect young drivers:
- complete a driver training class
- look for student discounts and good grades
- avoid texting while driving
- look for discounts based on safer car models rather than having the same rate as more expensive models
- increase physical damage deductibles or, with older vehicles, eliminate this coverage
Most importantly, don’t get a lower price at the expense of good coverage.
These are just a few ways to keep the price of your auto insurance low. If this sounds like a lot to remember… it is. That’s why we recommend working with our insurance experts here at effective coverage to find you the best policy at the best price.
Just call (800)892-4308 or click for coverage, whether you need online renters insurance quotes or coverage anywhere else.
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