Online Vehicle Insurance, The Cost of Auto Insurance, Young Drivers
To the misfortune of a younger driver, the cost of car insurance is usually a lot more pricey than that of more mature motorists. Though this can seem unfair and maybe unreasonable there are many reasons why youths are charged higher premiums; the insurers calculate rates and establish the premiums based on risks associated with certain individuals and youthful drivers tend to be a riskier bunch to insure.
A “young driver” is usually described by carriers to be between the ages of 16 and 25 and are commonly classified as a “high risk” because they are known to be involved with tickets, violations, accidents and driving under the influence of drugs or alcohol.
The main factors that translate into younger motorists paying more for coverage is driving inexperience and the statistical data that has been compiled over the years showing the likelihood of this age group being involved in traffic accidents. A study conducted by the North Dakota Department of Transportation showed that between 2001 and 2007 vehicle operators in this age group were involved in 25.9% of all crashes even though they only accounted for 11% of all licensed motorists. These numbers are a bit scary, especially to parent who is ready to hand over the keys to their child; it is important to teach safety behind the wheel to try and keep these youths safe and to obtain cheap auto insurance for young drivers by avoiding future tickets and/or accidents which can lead to rate increases.
Finding Cheaper car insurance for Young Drivers
The most vital step to locating the cheapest premiums is to take the time and compare the rates of as many carriers as possible; this is true even if the youth is going to be added to a parent’s existing policy because the parent’s insurer may not be the most affordable when it comes to youths. Comparing auto insurance rates from various companies is so important because different insurers specialize in certain clientele; while one carrier may look only to insure mature motorists and can offer them a great deal, they may charge younger motorist much more for coverage to compensate for risk. Comparisons may help ensure that an unreasonable rate is not being paid for policies.
It is highly advised that while shopping around for cheaper coverage that savings are look in to; departments of the government such as the North Dakota Department of Insurance suggests that any discounts available should be taken advantage of. A wide variety of companies offer a discount for good students (maintaining a “B” grade point average or higher), completing a recognized driver education course, having a vehicle which is equipped with safety features and a multi-car discount if the young motorist will be adding an automobile to a parent’s policy. By diligently shopping and taking advantage of any discounts that may be offered, younger motorist may just be able to find a policy at a rate that can be affordable.
Sunday, May. 23rd 2010 6:52 AM at 6:52 am
In addition to customer service, motorists should make sure that a carrier is legitimate; this is very important if the insurer is offering an unusually cheap rate or is unfamiliar. Don’t let the cheapest rate scare you off that is what you are aiming for and it only takes a few minutes verify the legitimacy of the company; by visiting state websites such as the Washington State Office of the Insurance Commissioner, residents can check to make sure that the company is licensed to issue policies.
Each state should be able to provide this information. There are cheap companies out there and finding one is always great, but it is always worth checking into insurers before buying a policy that may seem too affordable; state Government departments are a great resource that consumers have to ensure that they are protected by a reputable carrier.
Monday, May. 24th 2010 7:23 PM at 7:23 pm
California regulators approved novel rules recently that obliges agencies to give more weight to a car driver`s security history and years of experience while deciding on car coverages on line prices than to the living place ZIP. Those who reside in densely populated areas, like downtown of Los Angeles, but keep good driving records at places where a high number of claims for damage are issued would discover prices decrease.
Do comparative shopping for car insurance prices to give you an idea on how much is the best insurance rate that you can get. Do comparative shopping for car insurance prices to give you an idea on how much is the lowest insurance rate that you can find. Low cost vehicle insurance is attainable but make sure you do not take into consideration the price alone.
Coverage is an important factor when purchasing auto insurance. Before you purchase additional coverage, you will first want to ask your auto insurance company if they cover you while driving a rental. Also, given the large number of uninsured motorists, this is very important coverage to have, even in states with no-fault auto insurance.
Tuesday, May. 25th 2010 3:51 PM at 3:51 pm
Individuals who do not know how to find these smaller carriers have a couple different options to go to for help; in a local phone book they can find the telephone numbers of agents who do not only represent one company, but several and can provide quotes from various insurers to assist motorists in locating the cheapest rate. There are also comparison websites that will do the same and even at a larger scale which can save time and money; the websites of some insurers will even give their quote along with a few from competitors.
Getting insured at a low cost is best done when the consumer puts a little effort into it and nowadays a lot of the work is done for consumers. Unfortunately some may not be able to find a policy that they can afford due to limited income; these individuals may have to obtain assistance from programs such as the California Low Cost Automobile Program which does not offer recommended liability limits, but is affordable is a much safer bet than driving without coverage.
Friday, Jun. 4th 2010 6:25 PM at 6:25 pm
Although consumers may be able to shop without providing personal information it is important to be as truthful as possible in order to shop effectively. Failing to mention tickets or accidents will only lead being misquoted and if the motorist decides to buy the policy, their driving history will be checked which can increase premiums at the time of purchase; the same applies to credit.
Approximately 40 states allow insurers to use credit history to rate applicants and once a social security number is given to a company, not mentioning a poor credit history can change the cost of coverage. To better understand a carrier’s use of credit and insurance scores a motorist should refer to their state resources such as the Missouri Department of Insurance which lists the companies that use credit and how it is used.