Drivers under 25 have higher than average risk of getting into accident. Car insurance is a major expense for drivers of all ages, but premiums are notably more expensive for younger drivers below the age of 25.
Drivers in this age group are generally considered to be high risk drivers.
Their lack of experience behind the wheel is often cited as one of the main reasons why young drivers are in a high risk group of drivers, and accidents statistics support this classification.
While young drivers under the age of 25 represent about 14 percent of drivers on United States roads, drivers in this age group are responsible for almost one-third of all accidents in the U.S.
As a young driver, you certainly want to take a few steps to keep the cost of your auto insurance down until you can qualify for better rates on your twenty-fifth birthday.
There are several steps that you can take to save money on this expense.Choose Your Vehicle Wisely.
While your age plays a major role in your insurance rates, the car that you drive does too.
Vehicles that are sportier with a powerful engine and a highly maneuverable design may be fun to drive, but they also are statistically involved in more accidents.
In addition, high end or luxury vehicles with more bells and whistles may also be more expensive to insure simply because they would cost more to repair or replace after an accident.
Before you make a new car purchase, consider getting a quote for coverage on several different models.
You may be surprised at the difference in insurance costs between one model and another.Look for Discounts.
When you are paying a high price for your insurance premium, saving every dollar you can is critical.
Many auto insurance discounts may only save you a few dollars off your premium each month, but when you combine multiple discounts, you can enjoy considerable savings.
Discounts offered vary per insurance company, but you can easily get a few car insurance quotes online and learn about the discounts they offer.
Some discounts may require you to take specific actions to qualify.
For example, you may need to purchase a small life insurance policy to enjoy a multiple policies discount, or you may need to take a driver’s safety course to enjoy a safe driver discount.
Take advantage of as many discounts as possible.
As a final note, keep in mind that insurance companies change their rates regularly.
Other factors, such as your experience behind the wheel, your driving history and your age will also change over time.
With this in mind, consider shopping for rates now, but also make an effort to shop for new rates periodically every year or two to identify additional savings.
Drivers in this age group are generally considered to be high risk drivers.
Their lack of experience behind the wheel is often cited as one of the main reasons why young drivers are in a high risk group of drivers, and accidents statistics support this classification.
While young drivers under the age of 25 represent about 14 percent of drivers on United States roads, drivers in this age group are responsible for almost one-third of all accidents in the U.S.
As a young driver, you certainly want to take a few steps to keep the cost of your auto insurance down until you can qualify for better rates on your twenty-fifth birthday.
There are several steps that you can take to save money on this expense.Choose Your Vehicle Wisely.
While your age plays a major role in your insurance rates, the car that you drive does too.
Vehicles that are sportier with a powerful engine and a highly maneuverable design may be fun to drive, but they also are statistically involved in more accidents.
In addition, high end or luxury vehicles with more bells and whistles may also be more expensive to insure simply because they would cost more to repair or replace after an accident.
Before you make a new car purchase, consider getting a quote for coverage on several different models.
You may be surprised at the difference in insurance costs between one model and another.Look for Discounts.
When you are paying a high price for your insurance premium, saving every dollar you can is critical.
Many auto insurance discounts may only save you a few dollars off your premium each month, but when you combine multiple discounts, you can enjoy considerable savings.
Discounts offered vary per insurance company, but you can easily get a few car insurance quotes online and learn about the discounts they offer.
Some discounts may require you to take specific actions to qualify.
For example, you may need to purchase a small life insurance policy to enjoy a multiple policies discount, or you may need to take a driver’s safety course to enjoy a safe driver discount.
Take advantage of as many discounts as possible.
As a final note, keep in mind that insurance companies change their rates regularly.
Other factors, such as your experience behind the wheel, your driving history and your age will also change over time.
With this in mind, consider shopping for rates now, but also make an effort to shop for new rates periodically every year or two to identify additional savings.
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