subject: How To Get Cheap Insurance For Young Drivers [print this page] You've been fearing this day for years but it has finally arrived, your son or daughter has at last got their driving license and now it's time to determine out how to obtain cheap insurance for young drivers. If you haven't already done some research get ready for a shock. The cost of insurance for young drivers is set by insurance companies in a similar fashion as rates are set for everyone else. Unfortunately, regardless of their gender, type of vehicle they drive or location, statistics show that drivers under twenty-five years of age are more at risk of being implicated in accidents than any other group. Consequently, the rates charged are higher, sometimes by several hundred dollars and possibly thousands more. So the term "cheap" is actually relative. Obtaining insurance for your young driver will be expensive but there are still ways to save.
This is a growing demographic and insurance firms appreciate this fact. They also know that young drivers they sign up right now are likely to be customers for a long time. So, they do make available special discounts and incentives to attract young drivers. Just make sure you ask for them and you will get better pricing.
Your now set to go online. It's so much easier these days to comparison shop then it was say twenty years ago. A number of online options are available that will give you a comparison of the different types of cheap insurance for young drivers that you could get. Different firms offer different options and discounts so you have to go looking around to find the best one. With a little effort you should find firms that will reward:
* Excellent Grades - Both for college students and high school students.
* Putting electronic tracking devices that report on driving habits.
* Taking an approved young drivers safety course
* The young driver is only an occasional driver
* Graduating from university
When comparison shopping always look for additonal discounts that might be made available for young drivers, you never know what you might discover that works for you.
There are other things, over and above discounts, that can aid in getting cheap auto insurance for young drivers. The kind of car being driven is important. Avoid pickup trucks or high-performance cars. A slightly used family sedan is best. Keep a clean driving history. Rates can be reduced for every year that your teen driver maintains that excellent driving record. Low mileage rate reductions are sometimes obtainable when your young driver doesn't use the car very often. Finally, list the teen driver as a casual driver and let the parent function as the primary driver. Once the young driver owns the vehicle insurance rates immediately go through the roof.
A part of growing up is getting your driver's license and every parent hopes to see their child accomplish this goal in life. However, not getting cheap insurance for young drivers is potentially a great burden for many families. The good news is that with some small effort and by visiting the web, the impact of insurance costs can be minimized.
by: Gerry Lalonde
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