subject: Simple Auto Insurance Tips For Younger Drivers [print this page] A younger driver often experiences the issues with the extreme cost of Auto Insurance rates. Most everyone argues that age and experience should not make a difference, if the driver has not had an accident or received any tickets. This topic is very debatable between insurance companies and the general public. The only thing to resolve the debate is why insurance companies charge higher premiums for younger drivers and how to get lower premiums every month.
Insurance companies consider younger drivers a higher risk, because they typically don't have the experience or carry responsibility.
What is considered a younger driver? These drivers are someone under the age of 25 years old.
These are the top 3 tips that an a younger driver can do to get lower car insurance rates?
1. Whether they are in High School or College, having a Good Student Discount provides up to a 30% discount on the monthly premium. A good Student Discount is having a Grade Point Average of 3.0 or higher.
2. Have the drivers policies remain within their parents household policies. The will give the driver the multi-car, home and possibly life discounts. The multi-car, and multipolicy discounts are a huge discount on the monthly premiums.
3. Most importantly is making sure the driver's driving record is 100% clean. If there are any tickets or accidents, the monthly rates will skyrocket by as much as 300%.
There are several other factors that affect the car insurance rates for youthful drivers, such as no prior, single, 1 policy, bad credit, and high risk vehicles. They must remember that insurance companies consider these youthful drivers a risk, based on prior loss rates of drivers in the age of 16-25 years old.
I hope that this was an informative article on Auto Insurance Tips for Young Drivers. For more information you can visit my website for Auto Insurance at ColoradoSprings-Insurance
by: Kevin
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