Young, single drivers face some of the highest car insurance rates due to inexperience and the statistical likelihood of a crash being higher. Fortunately, there are some ways that these drivers can cut their insurance rates and save some money. InsuranceHotline.com offers the best points for better rates.
Because drivers who are young and single have higher rates of accidents than more mature and experienced drivers, insurance companies charge these drivers higher rates. There are a number of ways to mediate that expense, however, and these tips will help drivers to acquire all of the available discounts and reduce insurance premiums as much as possible.
On that point are some discounts that young drivers can qualify for that can make a big difference in insurance rates. One of the top choices for those who are students is the good student discount. This applies to both high school and university students in many lawsuits and can be a large discount. Students will be asked to present proof of the required average grade in order to qualify and must re-qualify each year.
On that point are also discounts available for attending driving school and taking programs to improve driving skills and reduce the chance of mistakes on the road due to inexperience. These vary by insurance company, and may range from seeing a safety video to behind the wheel instruction.
While young drivers may find themselves attracted to fast sports cars or fun SUVs, when it comes to insurance rates they may not be the best option. Sports cars and SUVs already carry higher insurance rates and add that to the rates for a young driver and you’ll pick up some hefty premiums.
Cars that carry a strong safety rating as well as a lower incidence of theft are the best bet for a young single driver. A used car may extend a lower value and thus may also come with a lower premium than the same car brand new. Smart shopping when choosing a car is the best manner to ensure low rates.
Insurance companies differ as to how they rate for young single drivers. That means that taking the time to browse around for car insurance quotes can save a lot of money. Some insurance companies gear their policies and rating habits towards keeping rates lower for younger drivers, while others take in better rates for more experienced ones. The best way to determine the lowest rate is to take the time to shop around.
Look for insurance companies offering more discounts for young drivers, and be certain that the policies being compared offer the same level of coverage. Sometimes a rate can appear lower because the policy offers less coverage.
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