Buying cheap car insurance for young drivers can be a daunting task. Statistics show that over 20 percent of all car accidents are caused by newly qualified drivers. Per mile of driving, the risk of an accident is seven times greater for young drivers under 21 than for those aged 40. One in five drivers has a car accident within six months of passing their test.
Car insurance for young drivers will always be expensive. The good news is that there are several things you can do to reduce your rates and get the best deal on coverage. Shopping around and comparing car insurance quotes from multiple companies can save you hundreds of dollars a year.
Go Shopping Online
Most auto insurance providers sell coverage both online and offline. Some of them offer massive discounts to customers who buy insurance through their websites. If you need help when shopping for car insurance, consider using a quote comparison website. This way you will be able to compare hundreds of free quotes from leading companies. All you have to do is to complete the application form, submit your request, and then wait to receive cheap car insurance quotes from local and national carriers.
Comparing auto insurance quotes online takes only a few minutes. Some insurance websites also provide free quote comparison tools, rate calculators, and customer reviews. Many companies that sell car insurance online offer low cost policies designed for young drivers. With proper research, you will find an affordable policy that meets your individual needs.
Choose a Safe Car
The type of car you drive is one of the most important factors that will influence your premium. Young drivers and sports cars mean high rates. As a young driver, you will pay significantly less on coverage if you buy a car with a small engine. The more expensive your car is, the more expensive your policy will be. Statistics indicate that you can save 50 percent or more on car insurance if you choose a safe vehicle.
Apply for Car Insurance Discounts
Auto insurance companies provide major discounts that can lower your premium by up to 70 percent. Some insurers offer discounts to those who take defensive driving classes. An advanced driving course will help you get lower rates and gain experience on the roads. Young drivers can also save money on coverage by keeping their cars safe. Parking your vehicle in a secured garage overnight can have a huge impact on your premiums.
Young drivers can also reduce costs by fitting an approved alarm and safety devices to their cars. Maintaining a good driving record can help you save money as well. If you only use your car occasionally, apply for a low mileage discount. Start building and protecting a 'no claims' bonus, avoid penalties, and choose the right type of coverage.