Fledgling drivers are expensive to insurance. Teenagers, and drivers under 25, are considered a very high risk driving group. Automobile insurance companies find that younger drivers belong to an age group that makes a lot of claims. Since those young motorists do not have their own driving history, they are all lumped with this group.
It may be appalling for parents to see that their insurance invoice gets doubled or tripled when they want to add a teenager to their auto insurance policy.
However, some things may help drivers under 25 find affordable car insurance. Look for young drivers car insurance deals.
B students may qualify for a discount with many car insurers, for instance. Approved drivers education courses and safe driver classes can earn discounts of 15% too.
Multiple policy discounts are given to family’s who also need to buy homeowners insurance or multiple cars . In addition, some cars are just safer to buy insurance for. If you 20 year old driver wants a sports car, you may tell him to wait until he is older, or until she pays for her own car insurance! A sedate family car will usually be much cheaper to insure!
Safety features and anti-theft devices will also earn discounts. If you are shopping for a car for a younger driver, look into theft alarms or anti-lock brakes. Not only can these features protect your investment, they can also save lives!
And shop around. You will find that some car insurers are more willing to insure your young driver. Sometimes you can find rate differences of hundreds of dollars a year for car insurance from top rated companies in your area.
One more tip is to consider buying an older car for a teen, and then only buying the minimum amount of liability coverage for this vehicle. Leave the new model, fully covered car to the adults. The savings on coverage may be worth the price of the older car. However, if this car is damaged in an accident, remember that you will not have coverage. Liability only covers damages to the other guy.