An insurance company is going to want to protect themselves against this risk, which is why they charge so much more for anyone under 25. For example, one well-known fact based on statistics is that 16- and 17-year old males are the group of drivers that are most prone to having accidents. Even more so than females of the same age. http://cheapestnewdriverinsurance.co.uk/
And you can probably figure out that the boys end up paying more for car insurance premiums than the girls. We don't like to think about our kids getting into accidents, but be aware that teens between the ages of 16 and 17 are as much as 3 times more likely to be involved in some kind of collision than anyone who is between the ages of 25 and 64.
God forbid that any of our teens become these statistics, that's why it is important to sit down with your teen and explain to them the seriousness of driving. If you are armed with the right information, you can help your young driver better understand how important it is to be a safe driver. This will also help you obtain better rates from car insurance companies.
- By now, you probably realize that finding low cost insurance for a young driver isn't going to be easy. But don't give up. Below are some great ideas for you to minimize the cost for car insurance for your teenager.
- If your teen is already driving and is driving an older vehicle, have your teen purchase their own insurance policy that isn't part of your package.
- If your young driver is going to be added to your current policy, think about adding them as an "occasional" driver instead of a "primary" driver.
- Really and truly, all teens and first-time drivers should take a driver's course or class that teaches defensive driving. When your teen finishes the course, this could make them eligible for a reduced premium.
- If your teen is one of the lucky ones and you plan on buying a car for him or her, choose a sedan over a flashy sports car. Car insurance carriers base their rates on the kind of car that is being driven. If they see that a first-time driver is potentially ripping it up out there on the streets with a brand new snazzy sports car, then you can rest assured your rates will be much higher on your premium.
- And guess what? Grades count! If your teenager has a B average in school or better, you can ask about a student discount. Many insurance companies will allow good grades as a sign of responsibility and thus, give you a better rate for young driver car insurance.