If you are a young driver, you know that it is hard to find cheaper insurance. Young drivers are more likely to make a claim, are more likely to be involved in an accident and have more outstanding points on their licence. As we all know, young drivers can be expensive to insure. However, there are ways to get cheaper car insurance for young drivers.
There are many websites that offer cheap quotes for young drivers. One company, for example, is called QuoteSearcher. They have a section for young drivers that will scan to find the cheapest insurance company for you.
Car insurance can be pricey for young drivers, as they are usually under 25 years old. But fear not, because you have options.
I’m sure you’ve seen many advertisements for car insurance companies who offer low rates on policies for young drivers. This sounds too good to be true, right? Unfortunately that may be the case. Finding cheaper car insurance for young drivers can actually be tricky.
Don’t fall for those pesky “teaser rates” in headlines. You’ll end up paying much more than you need to in the long run.
What age is a young car driver?
The age at which a person is considered old enough to drive a car is a topic that is met with a few different perspectives. Some persons believe that this age should be decided on by the car owner; while others believe that there should be a certain age set in the law.
A person is usually considered old enough to drive at 16 years of age. However, the minimum age for driving varies by country and/or state.
For example, in Germany and Australia, the age limit is 18 years, while in North Carolina, the age limit is 16 years. There are countries and states in the world where the guideline for driving is 12 years old.
Younger drivers who are just learning to drive need to develop good habits right from the beginning. They will make mistakes, but they need to be reminded to always be safe and responsible. These drivers should drive with caution and receive adequate training for anything they don’t know how to do.
How much is insurance for young drivers?
Everybody knows that a car is a big investment and that a car insurance policy is just as necessary as the car itself. But, the question remains: how much is car insurance for young car drivers?
The average cost for a new driver’s insurance policy is $2,700. Why? For one thing, young drivers are more likely to get into accidents. Young drivers are also more likely to have their parents co-sign on their policies, which can result in annual costs of up to $3,300.
Some experts say that the rates are more expensive because young drivers are more likely to be risky drivers. Statistics have shown that there are a lot more young drivers involved in car accidents than there are drivers who are over 30 years old.
This is why they have to pay more for insurance, in order to cover the high risk of accidents they are more likely to be in. On the other hand, young drivers could be less risky than other drivers because they have not built up a driving history. All that is fine; how to get cheaper car insurance for young drivers?
Which company offers the cheaper car insurance for young drivers?
If you are a young driver, you are probably wondering how to find cheap car insurance. The first thing you can do is get a car that is not priced high. Stick to more affordable cars and you will see your insurance rate go down.
You can also increase your car insurance by taking a defensive driving course. If you take a defensive driving course, you can get up to 5 years of no-claims bonus which will lower your insurance rate dramatically.
Finding the right coverage at the right price can be a daunting task, but there are many great deals out there. USAA and GEICO offer great options for younger drivers, and Progressive is in the middle of the pack.
USAA has plans for drivers under the age of 25, and they come with different limits on your total coverage and what you can use that coverage for. Make sure you know the limitations, as it would only cover theft, fire, and vandalism if you have a $50,000 limit for total coverage with USAA.
Car insurance rates by age for young drivers
Car insurance rates for young drivers are more expensive than for those of people who are older. When I was 16 years old I was looking to buy a car but I was quoted $2,100 annually for liability coverage.
Premiums for teenagers are almost 40% higher than those for older drivers. This shocking statistic is exacerbated by the fact that teens are more likely to be involved in car accidents than older drivers.
Insurance companies take this into account when setting premiums for teens. I’m a parent and I want my son to be safe, but I don’t want the rates of my car insurance to be high either.
USA Average car insurance rates for young drivers
While many people believe that while the more expensive the car you drive, the more expensive your insurance. This is not always the case.
For example, a 20-year-old male in Nevada driving a sedan might pay around $3,700 a year for insurance. Another 23-year-old male in Florida driving a sedan might pay as little as $2,300 a year for insurance.
A driver’s age is the most significant factor when determining car insurance rates.