Young people are relatively inexperienced drivers and are more prone to driving errors, traffic violations and accidents. The statistics support this fact and it is not lost on the car insurance companies. It is but natural for them to charge the young people, particularly those who fall under the 25 years category, with higher premiums and tougher norms. While this fact cannot be avoided or ignored, there are many things that these people can do to ensure that they have relatively cheaper car insurance when compared to their peers. Some of the best methods to obtain cheap car insurance for young people are listed below in no particular order.
Driving history plays an important role in determining the premium amount for any car insurance. Of course, the driving history of young people is not going to fill up many pages but even their small records need to be blemish free. A good record portrays the level headedness and sense of responsibility of the youngster and the insurance companies are going to view their applications more favorably. Young women have a better chance of getting good premium deals as they are deemed by insurers as a low risk category. But people must remember that cheap car insurance for young people is only comparative to their own age group premiums. They cannot hope to compare themselves with any other age groups as the other premiums are going to be a lot lesser.
Vehicle type and make also influence the premium size. Typically, youngsters prefer fast cars, sports models, higher end cars, etc., They are costly and the claims made on such vehicles are also costly. When this cost factor is combined with the accident statistics of the age group, it becomes very difficult for the insurance companies to give good rates. The youngsters need to present a lesser risk scenario to the insurers and the best way to do that is by opting for regular model, mid range cars; cars that do not cost a bomb for repairs and replacement.
Contrary to popular belief changing insurers often does not lessen the premium burden. Sticking on to the same insurer for a long duration definitely helps in getting cheap car insurance for young people. They can reduce the premiums, in the long run, via the no claim discounts and longevity bonuses. Taking out an individual policy rather than piggy backing on the parents is another way to get cheap car insurance for young people, in the long run. If the youngster is the named driver in the parent’s policy, he/she will definitely get lower rates but when the times comes for taking an individual policy, they are at a disadvantage. Rather than starting cheap, they youngsters have to start relatively costlier; this definitely works to their benefit after a few years.
These are just a few of the many other tips that can be followed to get cheap car insurance for young people. The most important step amongst all is the necessity to find out the best suited insurer and that can only happen if the insured searches around for information and equips himself with adequate knowledge.