Getting Cheap Car Insurance for Young Drivers Under 25
Although getting your first car be one of the most exciting things about becoming an adult, it’s easy to feel overwhelmed when you get your insurance quotes and realize how expensive they truly are. It’s really unfortunate how expensive insurance rates can be and that there is no way to get lower rates until you turn 25. These high rates are all for good reason however. Young drivers are statistically at a greater risk for being involved in auto accidents. It can be easy to say negative things about insurance companies that charge you for your lack of experience, but it is also very discouraging for young drivers that are actually careful and safe.
Although getting car insurance under 25 years of age could be considered as expensive, you can find a few methods to reduce your costs and find something that is decent. Since there are many aspects that get included in the insurance quotes that you get, you should work on trying to improve each single aspect about your driving safety and abilities.
The location where the young driver lives and drives daily makes a large impact on the insurance quotes he or she will receive. Some cities are known for being extremely safe and some drivers deliberately move in those areas to reduce both their car insurance and perhaps their other insurance bills too, like property or home. You could add your insurance to your parents’ plan if you are still living with them. While the total rates of the insurance will go up, the overall cost of having two separate policies will be less.
The vehicle model and year that is being insured will make a large difference on the quotes that you receive. An example would be a new Escalade will cost significantly more than a little, reliable Toyota Yaris. Many young drivers are forced into driving used compact cars because they cannot afford the insurance on most other types. Insurance rates will also be impacted by the types of safety features that come with your vehicle. Such features like alarms, ABS braking, air bags or anti theft systems can provide a lot more security and protection for your asset, your car, and as a result lead to cheaper insurance quotes. Each extra safety device translates to a couple dollars off insurance rates.
You should also analyze the features that come with your actual policy. You can be offered amongst a multitude of various products and packages. Young drivers who own an older vehicle may consider accepting a policy without comprehensive or collision coverage. Collision coverage is for damage resulting from an accident, while comprehensive covers other types of damage. However, having said that, in six months you can probably save enough money to cover damages or scratches on your car if you happen to be so unfortunate.
Make sure to also have a look at deductibles if you believe settling without comprehensive is too dangerous.
Deductibles are the amount that you pay before your insurance coverage will pay. With a $500 or $1000 deductible, rates will be much lower, but you will have to cover the first $500 or $1000 worth of damages to your own vehicle.
If you want to have a good price on your car insurance, make sure to keep a good, clean drivers record without any accidents or tickets. New drivers won’t have this option, but many insurance companies will offer reduced rates for 1 to 5 years, depending on the insurance company, with no accidents or violations.
If you are looking in getting a good deal on your auto insurance, make sure to get multiple quotes. There’s a magnitude of online services that offer different quotes out there. A really good website is offered by kanitex.
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