Cheapest Car Insurance Rates

For young drivers, paying high car insurance premiums is an inescapable reality. Teenagers present a higher risk to insurance carriers.

Statistically speaking, they are more likely to engage in high risk behavior and find themselves in an accident when behind the wheel of an automobile. However, there are ways for young drivers to minimize the cost of their inflated car insurance premiums.

There are a host of online tools in today’s age of technology that will allow a young driver to rapidly receive insurance quotes from three to five or more carriers. This will allow you to compare rates without having to spend countless hours on the phone talking to insurance sales reps trying to upsell your coverage and make a higher commission.

Once you narrow down your options to a 2-3 candidates, make contact with them to inquire if they offer discounts to students who maintain good grades. Many auto insurance companies will also offer a significant discount if the young driver completes a driving safety course. Be sure to inquire about this and which courses qualify you for the discount.

Do not forget that the cheapest option is not always the best. The cheapest option may omit benefits to your coverage that could leave you exposed to the potential of financially crippling law suits if you or your child were to be involved in a car accident.

Another key point when shopping for the best car insurance for young drivers is to remember that your car selection will play an important role in how high your insurance premium will ultimately be. That bright red sports car might be really tempting, but as a young driver you could be paying as much for the insurance as you do for your car payment.

Picking the right car can save you as much as 50% off your auto insurance premium. Stay away from the sporty models and SUVs. Instead look at something that is known for safety more like a Honda Civic or a Volvo. Picking a newer model equipped with airbags can also cut down on your insurance costs.

Ask your insurance carrier about discounts for safety features as well. Often times automatic seat belts, anti-lock breaks, and side-impact airbags can yield insurance savings for all drivers, including young ones.

Also be sure to keep your nose clean. Insurance companies want to insure young drivers that they consider to be a lower risk. Something like a DWI while underage could raise your insurance premium by over $1000 a year.