Finding cheap car insurance for a younger driver is extremely difficult because costs of coverage are very high for this age bracket, and usually continue to be highly-priced up to the time they reach twenty five years old. Calling this coverage “cheap” is an overstatement, but never the less we’ve included some guidelines that will hopefully help you find “cheaper” coverage:
1. Ask Your Insurance Agent First About Ways to Save
It is often less expensive to add the new driver onto your current insurance policy, instead of buying a standalone policy for them. Insurance firms typically supply better rates if you insure multiple automobiles, as well as for adding additional policies such as homeowners insurance along with your cars. You can possible save between ten and fifteen percent on the cost of premiums using these discounts.
You should definitely take full advantage of every discount offered for auto safety devices. Obtainable discounts usually are available for having safety features such as abs brakes, devices that deter theft, air bags – additional savings are available for dual and side air bags, and automated seatbelts. A more secure automobile decreases risk for insurers, which may result in less expensive car insurance rates for you!
It’s also worth considering increasing your policy deductible if you possibly can afford this option. Cutting down or even dropping collision protection for older cars will reduce your insurance costs.
2. Try to Find Deals on the Internet and Compare All Options
It’ll be wise for you to compare rates on a separate insurance policy prior to placing the young driver on your current plan. Searching and comparing is relatively simple to complete online, although it may take some time to accurately compare all policy variables. Try to be sure to compare the same policy limits and deductible amounts to get a suitable result. There tend to be many bogus offers online, so stay with notable, larger insurance providers for their reputation as well as reliable service.
3. Additional Young Driver Cost Savings
Covering a young driver will be pricey, however there are generally a couple of more things that you should look for to reduce premium costs. Request a Good Student special discount if the student driver maintains a B-average or higher in school, and also check and see if successfully completing a driver training course could result in a second discount for the young driver. These last two special discounts could possibly save you as much as another 25%, depending on your insurance provider.
So, if cheap car insurance for a young driver is your goal, try these tips. As a final suggestion, maintaining a clean driving record is probably the most important thing you and the young driver can do to reduce insurance costs.