Just pass your driving test? Congratulations! All these months of hard work have finally paid off and now the open road is waiting for you. Having a driver’s license will give you newfound freedom;
If you’re between the ages of 17 and 25, the high cost of auto insurance can make it hard for you.
How much should you pay for young driver insurance?
Why is it so expensive for 17-25-year-olds?
Unfortunately, automobile insurers believe that young and inexperienced drivers are at higher risk since you are statistically likely to be involved in an accident.
How can you reduce the cost of young driver auto insurance?
Top 3 best car insurance for young drivers
- GEICO Competitive Prices and Discounts
- Esurance Pac 12 Discounts and more
- Progressive Excellent for safe drivers
Before getting behind the wheel, you must find a suitable young driver’s car insurance. If you have practiced in your own car, be aware that your insurance will no longer be valid now that you are a fully qualified driver.
- Good Driver Program – Save up to 26% on your premium with the five-year Good Driver Discount. Five years may seem like a long time, but if you take out a policy at 16, you will have the discount when you are 21 years old- GEICO
- Good Student – Available to drivers aged between 16 and 24 who are full-time students and have a minimum of B.
- Good Student Discount – You must be a full-time student and maintain a GPA of 3.0 (B) or better to qualify. The multi-car rebate also requires you to qualify to include more than one vehicle in the policy- Esurance
- Good Student Discounts – Maintain a GPA minimum of 3.0 (B). You must also be under 25 and attend a full-time school- Liberty Mutual
If you are looking to get the best auto insurance offer for young drivers tips to reduce your costs:
1. Choose the right car
You have not bought your car yet? Before signing your name on the dotted line, do a search to determine which cars are the cheapest to insure. All makes and models of cars fall into a category of auto insurance, which will affect the price you pay.
2. Avoid changes
You may be tempted to personalize your car, but non-safety related changes will almost always result in an increase in the cost of your car insurance, whether these changes are functional, aesthetic, or performance-related. In addition, some modifications, such as superchargers, could prevent you from taking out a young driver’s insurance.
3. Increase your excess
This means choosing to pay a higher amount at the beginning of the claim for the remaining fees. Your surplus depends on you, but always be sure to choose an amount that you can actually pay. Car insurance is there to reassure you in stressful situations – it is useless to take out young driver insurance if you can not afford the excess!
4. Add a parent to your policy
Adding an experienced driver with a disaster-free history to your car insurance policy can result in less expensive insurance. But if they are not the main driver of the car, they should not be named as such in your policy, as this is against the law.
5. Be part of a multi-car policy
Being part of a multi-car family policy with your parents, siblings or other household members could save you money through a discount for several cars. You must require the insured to add you and your car to the multi-dwelling police. You can pay your insurance separately, pay the insured directly, or reimburse Mom and Dad for various tasks and good deeds!
6. Telematics or auto insurance ‘Black box’
One option is to consider telematics insurance, such as our SmartMiles policy. This type of auto insurance can help you as a young driver to manage the cost of car insurance. It helps maintain safe driving habits through dashboard reports and provides feedback.
7. Drive carefully
This may seem obvious, but ensuring that you drive safely and keeping a license without points is a sure way to keep costs to a minimum. If you do not have an accident and therefore do not make any claims, you will begin to accumulate a reduction for claims over the years.
Last thoughts about the best insurance as a young driver
Make sure you get a comparison shop. You should still do this regularly.
However, including a young person in your family policy is an event that should trigger a shopping spree. The extra driver means you pay a higher premium for the general policy. That’s the best reason to start shopping.
Sometimes, getting a competitive bid from a competitor is enough to motivate your current provider to a lower premium.
When will car insurance become more affordable for young drivers? They are generally considered to be of higher risk up to the age of 25 years. After that, you can assume that your car insurance premiums will decrease.