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Ensuring the Cheapest Car Insurance for Young Drivers

How To Obtain the Cheapest Car Insurance For Young Drivers

Having a son or daughter begin driving is a common fear among most parents. Teenagers have the highest incidence of automobile wrecks out of any age group, and operating a moving vehicle is dangerous in itself even without the inherent recklessness apparent in many young people. Aside from the physical dangers of the road, parents also have to think about teenage car insurance rates which is notoriously high for drivers between 16 and 24 years of age. When looking for the cheapest car insurance for young drivers, consider the following factors.

Purchase a Used Car

Most people are well aware of the weight that the car itself holds in an insurance company’s rate calculation. If you aren’t; cars are grouped into categories of 1-20 based on their horsepower, safety features, and any performance modifications. These groups can be divided into four main categories:

Level One: These are cars in groups 1-8 and represent the lowest premium rates. They are mostly lower-end four door models.

Level Two: These cars are generally rated between 4 and 15 by insurance companies. The premiums will be a bit higher, but not too much and mostly include popular hatchbacks.

Level Three: Most of the cars at this level are luxury or performance vehicles such as the BMW or the Jaguar. They have a higher market value and tend to have more horsepower than any of the vehicles in the lower levels.

Level Four: These are the top-end models and sports cars; examples of vehicles at this level are Ferraris and Aston Martins. They have a high market value, high performance capabilities, and are basically an insurer’s worst nightmare.

To get the cheapest car insurance for young drivers, stay within the 1-5 category; it will present less of a liability for your auto insurer.

Obey the Law

Driving infractions just about always result in a heavy fine, which is the issue foremost on most drivers’ minds. If you’ve never had a speeding ticket, you might not be aware of the type of damage this can do to your insurance rates. Nearly 40 percent of drivers between the ages of 16 and 24 who were in an accident were also speeding at the time, so it’s easy to see why insurance companies look at this as such an extreme liability. Getting the cheapest car insurance for young drivers involves a clean driving record; something that’s not always possible, but there are a lot of precautions you can take to reduce your risk of an accident or traffic violation.

Drive Defensively

In 2004, the roads of the nation saw an 8 percent drop in the number of fatal automobile accidents. The same year also closed with a 12 percent increase in traffic deaths involving drivers between the ages of 16 and 19 years of age. Taking careful steps to avoid even a minor accident will lower your insurance premiums over time, and now even young drivers are eligible for a no claims bonus with most of the top insurance providers. Remember to make use of popular car insurance lowering tips which also includes taking a defensive driving course. This will help you get the cheap insurance for young drivers you need.

By understanding the various aspects associated with auto insurance, it is easy to know what steps to take to secure the cheap auto insurance for teenagers.

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