subject: Facts About Young Drivers Automobile Insurance [print this page] It is pricier to buy insurance coverage for youthful drivers than more mature ones, but there are ways to keep the costs lower than they would otherwise be. Youngsters can operate their vehicles in a mature fashion and avoid crashes. They can also avoid driving certain types of vehicles. They can also make sure they qualify for all discounts available to them.
You can expect to pay more for insurance for a youthful driver. The simple fact is that less experienced drivers have more accidents than more experienced drivers. This costs the insurance company more money and this cost is passed on to the carrier's policyholders.
You can reduce the risk factors associated with teen drivers and lower your costs. This can benefit you in two important ways. You can lower your costs. You can lower the chances that your young driver will get into an accident. This can be much more important than any savings you might experience.
The biggest rating factor that is under the control of a teen driver is his or her driving record. Avoiding driving violations and crashes is crucial if you want to keep costs down. Driving more safely can keep a ridiculous automobile insurance rate from going even higher.
Certain cars can cost more to insure. High performance autos can add to your automobile insurance cost because they tempt drivers to operate their vehicles faster and more dangerously.
The value of the automobile will only have affect on the cost of insurance if the policy has collision and other than collision coverage. This coverage can pay your body shop if your automobile is in a automobile accident. Since this part of your policy pays you and not other parties, it is optional unless your auto has a loan or a lease on it.
If you own your automobile free and clear you can reduce your cost for collision and comprehensive. You can purchase a auto that costs less to repair. You can raise your deductibles. You can drop the collision and other than collision coverage all together.
Teenage drivers may qualify for two important discounts not typically available to older drivers. The good student discount may save you 10% of the cost of insuring a teen driver. A driving education lessons rate reduction may save you an additional 10%.
Experienced drivers will typically have a driving record that is a better judge of their driving ability than how good they were in high school or college. However, with a young driver the insurance carrier has to make assumptions using other factors besides the driving record since the driving history may not exist.
Youthful drivers can qualify for a good student discount and get a lower cost. Students who get better grades tend to be smarter drivers also. Insurance companies will typically give discounts for teen drivers who have better grades. Maintaining a B average can save you hundreds of dollars each year for several years.
Another rate reduction that younger drivers can qualify for is a drivers education discount. Taking and passing a certified drivers ed course can result in a less costly insurance policy. These savings will typically far exceed the cost of the drivers education certificate.
A driver's education course can also make a young driver a safer driver. Safer drivers avoid accidents and driving violations. They also live longer and are less likely to have major injuries.
The cost of car insurance for a young driver will always be high. However, there are several strategies that may keep those costs from eating you alive. You can do what you can to avoid speeding tickets and accidents. You can cut the cost of your physical damage coverage. You can make sure that you get a drivers ed discount and lower rate for maintaining a good GPA.
by: Alston Balkcom
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