Young Persons Car Insurance - How to Reduce Premiums
Obtaining young persons car insurance for drivers 24 and under can be a daunting task if the objective is to minimize premiums. Monthly payments 50%-60% higher than normal would not be unusual in this young driver category. The fact that drivers at the age of sixteen are more likely to get in an accident six times more than 30 and over age drivers produces higher rates. The higher accident potential is teens' tendencies to take more risks: driving faster than the speed limit, cell phone usage, texting while driving, and driving while using alcohol. Faced with these facts and tendencies, we can now look at ideas for decreasing premiums for young persons car insurance. Some of the following ideas will require action before the new driver is even old enough to drive a car.
Set a good driving example as a parent - Establishing a good driving record is important for the new driver. Seeing a parent drive in a safe manner can be very helpful in setting a good pattern.
Driving class - Completing a driver's education program can promote discounts in the neighborhood of 5-15%. It would be wise to plan ahead by talking to the potential insurer to see if there is a particular driver education program that will result in the largest savings.
Student grades - 3-10% discounts are achievable for young drivers with good grade points because they prove to have a safer driving record. Grades typically need to be 3.0 or higher.
Put your teen on your policy - When changing your policy, it is important that the parent's driving record is acceptable in order to obtain a savings.
Car selection is important - For lower rates be sure the young driver's car reflects acceptable safety features and acceptable crash test ratings. It goes without saying; a good previously owned auto will achieve lower premiums. To be sure your decision is correct, the insurance carrier can advise you of the premiums associated with the cars you are considering.
Be aware of state restrictions and driving guidelines - Many states have driving restrictions that are reduced over time for a new driver. Obviously both the parent and the newly licensed driver must be aware of these. Also, providers who specialize in young persons car insurance may offer premium discounts related to those restrictions. Allowing the new driver to be insured for driving only one particular car within a family is an example.
Driving safely is very important - Higher premiums for 5-7 years can be the result of a moving violation or even a minor accident.
Delay driving - Try waiting until 17 or 18, for example, to save on premiums
Online insurance purchase provides lower premiums - Purchasing directly from the carrier online should result in reductions of upwards of 15%
Review a number of quotes - Some carriers may look at young drivers differently. Do not make a decision with a quote from just one company.
Consider paperless billing and payments - Discounts are available, including those for premiums automatically deducted from a checking account.
So now you've got some ideas - eleven suggestions for obtaining lower premiums for young persons car insurance. Because getting a new driver started is somewhat of a partnership, it is important that both parent and young driver take these areas into consideration. Reviewing the suggestions together should result in young persons car insurance that reduces premiums while maintaining adequate risk protection.
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