Young Drivers Seeking Cheap Car Insurance

Studies have shown that motorists under 25 years of age frequently take unnecessary risks while behind the wheel, and are involved in more accidents than drivers in any other age group. Unfortunately for many teenagers, these statistics usually result in higher auto insurance prices. Coverage providers take into account many different details when setting rates, including a motorist’s driving record. Because many younger drivers are inexperienced, companies usually have to rely on statistical information to assess a motorist’s risk of filing a claim.

Research published by the Congressional Quarterly estimates that over 6,000 teenagers die as the result of automobile accidents annually. Additionally, drivers under the age of 25 are statistically more likely to drink and drive than any other age group. This unfortunate information is often the cause of higher priced coverage. To compensate for the additional risk of insuring a high risk teen, many insurers will only offer policies with higher premiums.

Shopping around and comparing multiple quotes may help younger drivers find lower rates. Although insurers generally charge teenagers more for auto protection, each company also interprets risk differently. Getting cheap insurance for young drivers often involves extensive comparisons, but online resources can allow motorists to see dozens of estimates from a single website.
Get Cheap Auto Insurance as a Young Motorist

Apart from comparing quotes, younger drivers can often take advantage of various programs and discounts that can help cut coverage costs. In many states, teenagers are required to take part in a graduated driver licensing program to become fully licensed motorists. Satisfactorily completing one of these courses can better prepare younger drivers for the open road, and can help reduce a motorist’s risk of being involved in an accident. Often insurers will take notice when a younger driver completes their training, and offer a vehicle coverage discount.

In some states, special Insurance Discounts and Driving Courses are available to younger drivers that can help lower coverage costs. For example, in Connecticut teens that have completed an approved driver training course are frequently awarded special savings. Additionally, many insurers will lower policy prices for many different reasons. If a younger motorist can maintain a 3.0 GPA or higher while in school, many insurers will provide additional savings.

One alternative to buying auto insurance for a teenager is to have a younger motorist join a parent or guardian’s policy. This popular option can frequently help teen drivers save money while still meeting state coverage requirements. Although the premium for every vehicle on the same policy will likely increase because of the presence of a higher risk driver, this is still considered an affordable alternative for many teens.

Source: http://www.onlineautoinsurance.com/teenagers/cheapest-young-drivers/

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