Cheapest Car Insurance for the Student or Young Driver
Well, the day has finally come. Your son or daughter has reached driving age, something they have looked forward to for years. They are thrilled to own their first car and now they need insurance. While shopping for the cheapest student car insurance can be time consuming, it is well worth the effort. Your job is to find the company that provides the most discounts for the best coverage.
It is important to keep in mind that discounts may vary by company and state and can include one or more of the following:
• Gender: males under 25 generally have a higher rate
• Grades: most companies offer a discount to students maintaining a B average or above
• Credit worthiness: for students old enough to get credit, maintain a good credit rating
• Maintaining a good driving record
• Taking a driver improvement course
• The year and make of his/her car
While cheap student car insurance may be your goal, it is important to understand that it will generally be more expensive than your own for good reason, statistically. Most of the above discounts reward responsible behavior and will be an incentive to your teen with your guidance. Consider the following from the CDC:
• Motor vehicle accidents are the main cause of death for US teens.
• In 2008, approximately 3500 aged 15-19 were killed and more than 350,000 were injured.
• 16-19 year old teens are four times more likely to crash than older drivers.
• Males are two times more likely to have an accident than females.
• Less seat belt use.
Given these statistics, it is imperative that with your guidance and the proper education, a responsible student driver will be produced. Then, with adequate research, the amount you pay for your child’s insurance will ensure a reasonable premium for his/her coverage and, most importantly, a safe driver.
Finding the Cheapest Student Car Insurance
Where do you find the cheapest student car insurance? There are actually plenty of strategies you can use to get better rates.
Even though you are a younger driver, you can still save a lot of money. Here are six tips that work:
1) Take advantage of student discounts
Often times companies do offer them, so take advantage of them.
2) Use GPA discounts
In many instances companies have better rates for good students. This is because they are statically more likely to be good drivers.
3) Take a driving course
Since you are a younger driver, one thing you can do, besides just establishing a good road record, is to take a defensive driving course. Obviously it will take time to establish a road record, so this will help you immediately lower the price.
How much will this save you?
It varies from company to company, but in many instances it will knock off about $20 a month. Therefore, over the course of the year it can amount to $240 or more.
#4) Get quotes online
Since there are probably at least 10 or more companies in your area who will do business with you, only getting quotes from 1-3 is not smart. By using a broker site and getting multiple quotes, you assure yourself of finding the top price.
In other words, leave yourself time to shop and compare prices. This is an easy strategy that works every time.
5) Drive carefully
Obviously the longer you drive well for, the better your rates will be long term. This is not a secret, but it is the most critical factor in determining your premium.
6) Use a co-op
They work just like a credit union. This is where a bunch of people put their money together, and it is then used each month to pay out any claims the members file.
The great thing about it is that there are very few, if any employees to be paid. Therefore, the company is not worried about turning a profit. In some instances, this can save you money.
Obviously, at the end of the day you will still pay more than others because of your young age. However, if you take action with these steps, you can find the cheapest car insurance for students.
A Guide To The Cheapest Student Car Insurance
If you are in education and on a strict budget, you will undoubtedly require the cheapest student car insurance that you can find. Cheap student vehicle insurance can be acquired in many ways. Read on to discover how to find low priced insurance for cars driven by students.
Firstly, ask your parents if they are willing to add you to their own insurance plan. This is likely to be cheaper than if you acquired your own policy. If this option is not viable, then you should consider the mileage that you intend to do. If you only intend to use a car during your vacations, you can save yourself money on vehicle insurance. If you reside on campus and usually walk to your college classes, you will only require insurance during your college breaks. If you will only drive a few miles during your college year, you can obtain much lower rates in comparison to if you drove to and from college each day. If possible, it is advisable to leave your car at home and not use it when you are at college.
Unfortunately, as the majority of college students are teenagers or young adults, students’ car insurance will be expensive. Regardless of your coverage requirements, it is vital to maintain an excellent driving record. If you fail to do so, your rates will significantly increase. Enrolling in an advanced driving course is advisable. On completion, you should send copies of your reports to potential insurance companies. They will take note of your desire to be the safest driver you can be and may consider providing you with a lower student vehicle insurance quote. You can also keep your insurance premiums low by achieving good grades at school. Maintaining a certain GPA will maintain insurance rates at the lowest possible price.
Cheap car insurance for students can be acquired if you are able to show that you are responsible for your age and intend to do everything possible to be a good driver.
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