Young Driver Car Insurance , Ways to Save.

Auto Insurance Increased after a not at fault accident ?  Your Insurance May Still Go up It’s  almost an oxymoron. If you’re under 25, it’s essentially a given that you’re going to pay more for car insurance.  From joyriding with that feeling of invincibility to the learning curve that we all went through when we first started driving, young drivers undeniably present a greater risk ,  There are also several things that can be done to minimize the cost  commonly seen with car insurance for young drivers.  companies aren’t out to punish younger drivers, especially those who display maturity beyond their years.

Still, finding cheap coverage  for young drivers is not an easy task. Here’s what you need to know to lower your costs  that are out of your control.

High premiums for young drivers

Drivers between the ages of 16 and 25 are involved in 26 percent of all car accidents, despite the fact that they account for only 11 percent of all drivers on the road.

Many  companies charge much higher premiums that even these numbers suggest drivers under the age of 19 pay rates that are often more than 100 percent higher than drivers between the ages of 50 and 74, another high risk group. companies themselves account for a good chunk of this discrepancy,  Some companies have determined that offering relatively cheap prices for young drivers can help them corner this market and generate solid profit margins. Other companies have decided the risks are simply too great.

As young drivers hold the potential for larger profits and greater financial risk, the calculus for insuring young drivers is quite similar to other investment prospects.

So, what does this mean for young drivers and their families,  for one it means that you need to get quotes from as many different reliable companies as you can find. It’s not uncommon to find prices for young drivers that differ by hundreds of dollars.

Strategies to get cheap auto insurance for young drivers.

• Look for common young driver discounts including lower rates for good grades, completing a driver’s ed class, and low-mileage discounts.
• A good credit rating helps lower the cost  for young drivers and older drivers, but younger people generally have no credit so start accruing points as soon as you can.
• Maintain a clean driving record. Even a single speeding ticket can frequently raise your rates by 10 to 20 percent.
• Drive a safe car with less horsepower. No matter how old you are, the type of car you drive will have a big impact on your car insurance costs.

Putting a young driver on a family plan is a double-edged sword. It typically yields cheap insurance for young drivers, especially if the parent can list the child as a secondary driver. To list a child as a secondary driver, however, the young driver can’t own his or her own car, or even be the primary driver of a vehicle, no matter whose name is on the title.

However,  if your child starts racking up traffic violations and/or is at fault in an accident, the entire insurance policy may get cancelled.

Shopping around for car insurance quotes

Again, your best strategy for finding cheap car insurance as a young driver is to get quotes from as many different e companies as you can and by asking for quotes for a number of different types of policies. Shopping for insurance is never a stress-free proposition, and even drivers who start their search motivated to stay diligent can quickly become discouraged and jump at the first reasonable-sounding quote By shopping for car insurance  referral service, such as the one offered by an independent agent , you can still  get connected to several companies this way, much of the legwork and stress is removed from the process, as this agency  will take the initiative to contact you after rating you with several companies

Better yet, you can review these quotes from the comfort of your own home, allowing you to make a confident, carefully considered choice for your car insurance.http://eastern insurance