Young Driver Car Insurance
If one of your kids just got his driver’s license, you probably want to find out more about young driver car insurance. You need to understand that finding cheap car insurance for inexperienced drivers can be a tricky deal. The reason behind this situation is because statistics show that young drivers have more accidents in comparison to older, more experienced drivers. This means that a young driver behind the wheel of a car is more likely to get into an accident and for this reason the insurance premiums are higher.
Another reason why young drivers pay more for the insurance is due to the reason that they haven’t had the opportunity to build up a no claims bonus. The best way to find cheap insurance, not only for young drivers, is to do comparison shopping by looking at the various quotes offered by the large number of providers. You need to know that the difference between the most affordable and the most expensive quote you can find can be of hundreds of dollars.
For those of you that want to spend as little as possible for young driver car insurance don’t buy a fast and expensive car as these are considerably costlier to insure. When picking out a car for your kid, we recommend that you get a smaller one that has no modifications in order to lower the insurance costs. In some countries, like United Kingdom for example, some of the insurance companies give discounts to those that take advanced driving courses. The most important thing your child can do is to drive slowly and in a safely manner. Needless to say, if he/she gets involved into an accident, the insurance premiums will go up significantly.
Now, which type of policy should you get for a young driver? Well, comprehensive cover is suitable in this situation, despite the fact that it will be the most expensive. Get this as it covers both the car your son/daughter is driving and the other vehicle(s) involved in the unfortunate case of an accident. If you don’t want to buy a new car and your kid will use yours, you can put him as a “named driver”. Keep in mind that he mustn’t be the person who drives the car the most and in most cases he can’t build up his own claims bonus.
In order to reduce the billing fees, you might want to have the monthly payments automatically withdrawn from your bank account. In addition, if you have enough cash, you might want to pay the premium up-front. If the car’s value is insignificant, you probably won’t need all of the coverage, like “collision” for example.
When choosing a car that you will later on have to buy insurance for, aside from getting one that has a small engine, try to get one that isn’t very popular among thieves as this way you will get more affordable rates for the insurance. In addition, take into consideration installing anti theft devices which will most likely lower your premiums.
All things considered, there are a couple of things that you can do in order to lower the insurance for a car that is driven by a young driver. If we were to select the most important one, it would definitely have to be safety driving. Driving safe means lesser chances of getting involved in an accident.
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