Naturally, youngsters want to have a car as soon as they pass the licence test. And many of them can only afford to purchase a good second hand vehicle (with or without help from parents). However, automobile insurance premiums for teenagers can be prohibitive to a point that they can struggle to afford it just after buying an auto. This is even worse when they are living in cities where rates are much higher. That is why they should be looking for ways of cutting costs and this post will explain a few of them.
They may not have driving or credit history to save them money but they have other things going for them. This is true for most people and they should find their strong suits the same way. Here are some of the ways that help them find the most economical policy;
Cheap Insurance for Teenage Drivers with Good Student Discounts
They are not favored much due to statistically significant risk factors. Concentrating on studies and being successful is seen as a way of showing responsible behavior. They need to prove themselves at school to get student discounts. They need to be at the upper 20% in their class to save around 10%. It is the same for adults as well that they need to prove they are good drivers before they get savings.
Cheap Car Insurance for Teens with Pay As You Drive
Many of them don’t have much time or money to be spending on cruising around and they should turn this into positive. Large numbers of them are still at school and a few of them are away at colleges and left the car behind with parents. This would mean that they cannot travel many miles in a year anyway. Secondly, they can control the hours they take automobiles out as they are not chasing careers or have a family to look after.
When you don’t travel long distances and in unsociable hours you may be better off with a pay as you drive insurance policy. They come with a small transmitter that is connected to automobiles and deliver information to the company about driving patterns. Since they can see how he or she is doing on the roads they are more comfortable to offer lower rates depending on habits.
If they decide not to go down this route they’d better tell the companies or brokers when they are getting quotes that they won’t be using the vehicle much. Fewer miles means lower premiums. They may have to keep odometer records as proof but it isn’t hard.
A Safe Car Can Deliver the Most Affordable Insurance for Youngsters
They should make sure that they don’t put salt on the already high premiums by purchasing an expensive to insure vehicle. It is best that they choose a modest and safe car for teenagers in order to reduce other risks in play. At early years they may not understand the importance of the vehicle in quote calculations but this is probably the most effective way to keep costs manageable.
Often, parents purchase a reliable but modestly priced second hand auto for them and go for a Liability only policy. Full coverage can be twice more expensive that this strategy would save at least 50% and you can afford to take this route if the automobile isn’t worth a lot of money. With so many people changing cars so often, it may not be hard to get a decent one for a reasonable price.
Shopping Online for the Most Competitive Auto Insurance for Teens
They are savvy with the Internet. It is another thing going for them that will help in finding cheaper quotes. They should relentlessly shop around until they find the company with the best rates. Make no mistake that you can save as much as fifty percent by just searching hard enough.
Otherwise, you may want to get on your parents’ policy for the time being and benefit from their good and long history. Many people start with their parents’ automobiles. This is usually the cheapest option, especially if novice drivers are not home very often. It may serve well in the early years and those are the most expensive and troublesome period.
However, it won’t work when the parents have terrible records or sporty automobiles. Then, planning ahead and following the other steps will be more influential on the outcome. For example, you may be forced to install a telematics device even though you don’t like the idea.