Cheap Insurance For Young Drivers – Tips For Keeping Costs Down
Cheap Insurance For Young Drivers Tips For Keeping Costs Down
There is a possibility of finding cheap insurance for young drivers if you follow a few steps that will help to keep the cost of premiums down. It is important to remember that young people are considered high risk because of their age and the fact that younger people are known to be involved in more accidents. Youngsters are more likely to get into accidents than older and more experienced older drivers and the statistics clearly bear this out. The records of road accidents clearly show that a much higher proportion involve younger drivers and in particular young male drivers.
Because of this, insurance companies raise the premiums to absorb the increased risk they are taking when they insure young drivers. All insurers will base their premiums on the likelihood of having to make a payout for a claim, and they assess the likelihood by studying the statistics for past road accidents and claims. Some insurance companies will not even insure younger people because of the higher risks involved, because they believe the risks of losing money are too great, or the premiums they would have to charge would be unrealistic. Young drivers with provisional licenses can therefore have trouble finding insurance. It is out there, you just have to look for it carefully and take a few steps to bring the price and the risk down.
How to Lower the Risk for Young People
In order to get cheap insurance for younger drivers you will have to lower the risks involved with young drivers. You can do this in several ways, including the following:
Having your young driver take a driving course such as the Pass Plus programme. The Pass Plus programme teaches a young driver how to drive under different conditions. They will learn how to drive in town and on a throughway for example. You can get a 20 percent discount from many insurance companies if your young person has taken a course.
Buying a small, second hand vehicle instead of a larger more expensive vehicle. Autos with large engines will have higher premiums than smaller engines. A small vehicle will do less damage than a large vehicle also and they are usually cheaper to repair too.
Avoid doing any modifications on the car. This includes tinted windows, alloy wheels, and even interior modifications such as bucket seats. Modifications can make the car more appealing to car thieves, which increases the risk to the insurers and therefore the costs. Some modifications to the engine can make it a high performance auto, which also increases the chance of accidents.
If possible try to keep your mileage low. Some motor insurance companies will take car mileage into consideration when they work out your premium.
Buy insurance online. You can get a 10 percent discount from most online insurance companies when you purchase your car insurance online. Oftentimes their insurance rates are lower because they have a lower overhead.
Do Not Be a Statistic
One third of all road fatalities are young drivers between the ages of 17 and 25. One out of every five young, new drivers has an accident in their first year driving. 17 to 21 year olds make up seven percent of the people who have a driver's license. When it comes to injury accidents, they make up 13 percent. Pay attention when driving, so that you do not become a statistic. Protect Yourself with GAP Insurance Motorcycle Benefits of having a personal trainer Want best personal injury lawyer rancho Cucamonga – Try online searching! How to deal with a personal injury resulting from slip and fall Menorca - a personal guide Start your own insurance broker Retain a Personal Injury Attorney Who Doesn't Get Paid Until You Do The Gulf Oil Leak Is Getting Personal! What you should and should not do in the case of personal injury Being Protected by a Personal Injury Lawyer What You Need To Know About Personal Accident Insurance How To Choose A Personal Injury Attorney In Woodbridge? California Personal Injury Lawyer: Get you compensation you deserve