How to Find Cheap Car Insurance for Young Drivers

How to Find Cheap Car Insurance for Young Drivers – Young drivers, or those between 20 and 25 years old, are often considered high-risk by car insurance companies. This means they have to pay higher premiums than older and more experienced drivers. According to NerdWallet, the average car insurance rate for a young driver is $2,241 per year for full coverage.

However, finding cheap car insurance for young drivers is not impossible. There are several ways to lower your car insurance costs and get the best coverage for your needs. Here are some tips and tricks to help you save money on car insurance as a young driver.

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Compare quotes from different insurers

One of the best ways to find cheap car insurance for young drivers is to shop around and compare quotes from different insurers. You can use online tools like Uswitch or EverQuote to compare rates from various companies in your area. By doing this, you can see which insurer offers the best deal for your situation and budget. You can also customize your coverage options and deductibles to see how they affect your price. Comparing quotes can help you save hundreds of dollars per year on car insurance.

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Choose a cheaper car to insure

Another factor that affects your car insurance rate is the type of car you drive. Some cars are more expensive to insure than others, depending on their value, safety features, repair costs, and theft rates. Generally, newer, faster, and more luxurious cars are more costly to insure than older, slower, and more basic cars. If you want to save money on car insurance as a young driver, you should choose a cheaper car to insure. You can check the insurance group rating of different cars before you buy them to see how they affect your premium.

Take advantage of discounts and programs

Many car insurance companies offer discounts and programs for young drivers who meet certain criteria. For example, you may be eligible for a good student discount if you maintain a certain grade point average in school. You may also qualify for a low-mileage discount if you drive less than a certain number of miles per year. Some insurers also offer programs that monitor your driving habits and reward you for safe driving. For instance, American Family has a program called KnowYourDrive that gives you up to 20% off your premium based on how well you drive. You should check with your insurer to see what discounts and programs they offer and how you can apply for them.

Increase your deductible

Your deductible is the amount of money you have to pay out of pocket before your insurance kicks in when you make a claim. The higher your deductible, the lower your premium. However, this also means that you have to pay more if you get into an accident or damage your car. Therefore, you should only increase your deductible if you can afford it and are confident in your driving skills. You should also have enough savings to cover the deductible in case of an emergency.

Stay on your parents’ policy

If you are still living with your parents or depend on them financially, you may be able to stay on their car insurance policy as a secondary driver. This can help you save money on car insurance as a young driver, as you can benefit from their lower rates and multi-car discounts. However, this option may not be available or suitable for everyone. For example, some insurers may not allow you to stay on your parent’s policy if you have your own car or live in a different state. You should also consider how this may affect your parents’ premium and liability if you cause an accident or get a ticket.

Maintain a clean driving record

One of the most important factors that affect your car insurance rate as a young driver is your driving record. If you have any accidents, tickets, or violations on your record, you will be seen as a risky driver by insurers and have to pay higher premiums. Therefore, you should always drive safely and obey traffic laws to avoid any incidents that could tarnish your record. You should also avoid any behaviors that could impair your driving ability, such as drinking, texting, or speeding. By maintaining a clean driving record, you can prove to insurers that you are a responsible driver and qualify for lower rates.

How to get a car insurance quote online

Getting a car insurance quote online is a simple and convenient way to compare different options and find the best deal for your needs. There are three main ways to get a car insurance quote online:

Visit the website of an insurance company and fill out an online form with your personal and vehicle information. You will get a quote based on the coverage and deductible you choose. You can also contact an agent or customer service representative if you have any questions or need help with the process. Some examples of insurance companies that offer online quotes are Geico, Progressive, State Farm, and Allstate.
Use a comparison website that allows you to get quotes from multiple insurance companies at once. You will only need to enter your information once and you will see the rates and coverages from different insurers side by side. You can also filter and sort the results by price, customer ratings, discounts, and more. Some examples of comparison websites are NerdWallet, Uswitch, EverQuote, and Forbes Advisor.
Use an app on your smartphone or tablet that connects you with insurance companies and agents. You can take a picture of your driver’s license and vehicle registration and get a quote in minutes. You can also chat with an agent or adjust your coverage and deductible on the app. Some examples of apps that offer car insurance quotes are Root, Gabi, Insurify, and The Zebra.

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Frequently Asked Questions (F&Qs)

What age is classed as a young driver?

The definition of a “young driver” varies depending on the context. In the context of driving laws, a young driver is typically someone who is under the age of 18 and is still subject to graduated driver licensing (GDL) laws. In the context of workplace driving, young drivers are those aged 16-24. In the context of insurance, a “youthful driver” is typically defined as an unmarried male or female under the age of 25.

What is young driver excess?

Young driver excess is an additional excess that may apply while your vehicle is being driven by a young or inexperienced driver. A young driver is typically defined as a driver under the age of 25. An inexperienced driver is someone who has held their license for less than 1 year or holds a provisional license. The amount of the young driver’s excess varies depending on the insurance company and policy. For example, Aviva states that drivers aged 17-20 would pay an additional £300 on top of their standard excess in the event of an accidental damage claim, while drivers aged 21-24 would pay an extra £200. Young driver excesses do not apply to fire or theft claims.

How much is Marmalade?

The price of Marmalade varies depending on the brand, size, and location. For example, on Amazon.ca, the price of Robertson’s Ginger Marmalade (250 milliliters) is $4.79. On Thursday Cottage’s website, the price of their Bitter Orange Medium Cut Marmalade (454g) is not listed, but you can find a stockist or buy it directly from their website.

How does marmalade work?

Marmalade is a UK-based insurance provider that offers a range of insurance products exclusively for young drivers They offer innovative and practical insurance options to get cover on your own car, or a parent’s car, before and after you pass your test. Some of their products include Learner Driver Insurance, Black Box Insurance, Named Young Driver Insurance, Student Car Insurance, and Experienced Driver Insurance. You can get a quote and get covered in minutes with their simple and straightforward quote and purchase form

In conclusion, Finding cheap car insurance for young drivers can be challenging but not impossible. By following these tips and tricks, you can lower your car insurance costs and get the best coverage for your needs. Remember to compare quotes from different insurers, choose a cheaper car to insure, take advantage of discounts and programs, increase your deductible, stay on your parent’s policy, and maintain a clean driving record. By doing this, you can save money on car insurance as a young driver and enjoy the freedom of driving without breaking the bank.

How to Find Cheap Car Insurance for Young Drivers

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