Cheap Car Insurance For Young Driver in College
Reader’s Question:
I’m getting into college next year, and my parents are finally going to get me a car to mark my achievements! Any tips on how to get cheap car insurance for young drivers?
Millie,
Austin, TX
It’s pretty hard to get cheap car insurance for young drivers, especially if you’re just learning to drive. Your car insurance agent will argue that young, inexperienced drivers are at a higher risk of getting into accidents than older drivers. However, there are ways for you to get cheaper car insurance rates:
• Prove your driving ability
Bring proof to your car insurance agent that you know how to drive safely. Completing advanced driving lessons and taking defensive driving classes are just some ways to earn a few certificates showcasing your capability to drive a car safely and responsibly.
• Get a cheaper car
It’ll definitely cost much less to repair a second-hand beetle than a top-of-the-line Ferrari. The cheaper your car, the less payment in car damage your insurance company will have to cover if you get into an accident. Let them know this, and you can argue for a lower insurance premium.
• Make your car safer
The safer your car is, the less chances you have of getting some major injuries. And if you don’t get any major injuries, you won’t have to pay as much in hospitalization bills. Install a couple of airbags, early warning devices and other safety mechanisms to lower the risk of bodily harm to you or your passengers
High Risk Car Insurance For Young Driver
Reader’s Question:
I’ve saved and scrimped enough money to buy myself a beat-up, second hand car. It’s not the prettiest sight around, but it’ll get me around town when I need to. I expected the insurance to be cheaper, since I’m going to get a cheap car, but my agent offered me a premium that’s higher than what I expected. He said something about risks in car insurance for young drivers. What does that mean?
Mikey
Cheyenne, WY
Car insurance for young drivers has a higher premium exactly because the driver is young. Research concerning this has shows that there is a correlation between age and the risk of getting in an accident. Though the exact reasons why are not established by research, there is a relationship between age and risk.
All this techno-babble simply means that younger drivers tend to get into accidents more than older ones. Whether it’s inexperience in driving, aggressiveness in driving, or the simple horsing around that frat-boys love to do, younger drivers are more prone to accidents. That’s why car insurance for young drivers is a bit more expensive than car insurance for older drivers.
If you want solid proof about all this talk on research, then feel free to ask your insurance agent how exactly your insurance quote was computed. The researches that cover the topic of risk-assessment for young drivers are usually locked up in libraries or the private records of insurance companies, so you’ll have to dig a little deep to find them.
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