It is not always fair, but the truth is that young people pay disproportionately higher car insurance rates than do their older counterparts. The reason is simple enough to understand. Car insurance companies, and all insurance companies for that matter, are in the business of determining risk. When insurance companies do not have a lot of information to go on, they tend to err on the side of caution, and that means charging higher rates to young drivers who have not yet proven their skills behind the wheel. Driving is very much a learned skill, and those insurance companies know that young drivers are more likely to get into an accident when they are still learning the rules of the road and still learning to deal with the many obstacles driving throws in their way.
In fact, it is not until age 25 that car insurance rates can drop substantially. Until that time, many car insurance companies consider young drivers to still be higher risks, and the statistics do in fact bear this out. But that does not mean that you have to settle for higher car insurance rates. If you shop around, you can find substantial discounts that can make car insurance much more affordable to you.
Good Student Discounts
If you are the parent of a new driver who is still in high school., you might be able to trim some money from your car insurance bill if that teen is a good student. Over the years, car insurance companies have found a strong correlation between how well teens do in the classroom and how well they do when driving their automobiles. As a result, many car insurance companies now offer cheaper rates for good students, and parents can take advantage of those lower rates.
If you are heading off to college, you still might be able to get lower rates if you maintain a strong grade point average. Just check with your car insurance agent to see how much you could save. If nothing else, those lower car insurance rates can give you an incentive to hit the books.
Driver Education Discounts
Many school districts are now cutting back on the drivers education classes we relied on when we were just learning to drive. As a result, many young drivers get very little hands-on education behind the wheel, and that can be a big problem from an accident perspective.
You can reduce your chances of being in an accident while also lowering your car insurance bills by signing up for a drivers education or hands-on training course at a local driving school. These courses can be very valuable, and your car insurance company might reward you with lower rates after you have successfully completed that training.
Getting cheap car insurance is never easy for a young driver, but there are some ways you can make driving your car more affordable while you wait for your years of experience behind the wheel to be rewarded. Taking advantage of all the discounts you have available can allow you to be protected while you acquire the skills you need for a lifetime of safe driving.
Tags: auto insurance, car insurance, car insurance tips, motor insurance, vehicle insurance
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