How To Get Cheap Insurance For Young Drivers

There are many car insurance companies that offer affordable premiums to young drivers

, although you would expect the opposite. Teenagers and young drivers are considered to be a high risk because of the lack of experience, however, if you do some research you will locate companies that offer cheap insurance for these drivers.

If you are a teenager and you wish to buy car insurance, you should compare quotes from different car insurance companies, in order to find which ones offer the most affordable coverage. The first thing you will find out is that cheap car insurance can differ for each young driver, therefore if you go with a friend of yours, you might be offered different rates.

Why does insurance differ for different drivers? The answer to this question is relatively complicated, because there are many factors determining the premiums. The most important factors are the location where the driver lives, his driving record, his gender, the type of vehicle and the type of coverage he will be asking for.

All these factors can weigh significantly on the premiums you will be offered by a car insurance company; it is very common to hear a young driver you was offered reasonable prices, but when opting for the same insurance company you find out that it's not the same case for you.

In general, you should know that there is some sort of breaking point for getting a car insurance discount; this point is the 3 years driving. Young drivers who have their driver's license for less than 3 years, usually do not qualify for the 20% discount for the good driver savings.

Again, though, you might find some companies that will offer this discount to drivers at the age of 19, because they use the age of 16 as a point to calculate the driving experience.

Some things you should take under consideration when looking for cheap car insurance for young drivers are:

- You should take advantage of reductions for short commute to work or school, better than average grades at school, continuous insurance coverage for more than 30 days and the addition of physical coverage to the vehicle.

- Avoid collision coverage, if you have an old and non valuable car. Collision coverage can increase premiums.

- Have the monthly payments withdrawn from the account in order to reduce the billing fees- If you, consider paying the premiums up front, to avoid billing fees.

by: Lance Thorington

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