Young Drivers Car Insurance
Young Drivers Car Insurance
Affordable young drivers' insurance is very difficult to acquire, due to the fact that more teenagers are involved and killed in vehicular related accidents than any other driver. Insuring teens is a risk that all car insurance companies have to take, and as such this risk is reflected in the high priced young drivers' car insurance. In spite of all this, persons can acquire learner drivers' insurance that is affordable.
One of the easiest ways to save on young drivers insurance is to add the driver to the parents' car insurance. With the teen listed on another person's policy, this assures the insurance company that the person is a reliable and safe driver and has a steady income, which in turn greatly lowers the rate of the coverage.
Another way in which a person can save on young drivers' insurance is by having the deductible lowered. Lowering the deductible means that in the event of an accident, the driver will be responsible for paying most of the expenses related to the accident out of pocket.
The final way in which an individual may save on the premiums paid is by driving and insuring an older car. Many teenagers will not like this idea; however, it will save them a lot of money as the older the car, the lower the premiums will be. Some teens have recognized this and have started to drive old second hand cars as a result. If teenagers were to purchase a new brand car and insure it, the premiums for their car insurance would be extremely high.
The issue at hand is that even though tickets and accidents are not added to teens' records, the premiums that they pay for learner drivers' insurance is ridiculously high. Hence, methods need to be put in place to help lessen the financial strain that new drivers face in order to pay their car insurance premiums. Some major car insurance companies have taken the initiative to implement programs that will help reduce the premiums. Two of these programs are listed below.
1. High Grades - This program is for students who constantly receive high grades in school. Premiums for car insurance are reduced based on the grades of student and whether they can maintain those grades. The program may allow a reduction of the premium for as high as 35%.
2. Drivers' Education Course - This program involves teenagers enrolling in state licensed drivers' education courses. Once a teen has passed the course and is able to show the insurance company that he/she has done so, then he/she will be eligible for a reduction on his/her premiums.
Both these programs are the common programs that insurance companies use to help reduce the premiums of new drivers' insurance.
Young Drivers Car Insurance
