Young drivers are statistically very bad risks. More so, the younger an under-25 driver, the more they'd have to pay. That is why teenagers pay a lot more than 22-year olds.
Therefore, as much as possible, do not place such a driver on your own policy. It will drive it up by a huge margin. Your teen driver should have his/her own policy. This will be made possible if you sign an exclusion form.
It's a fair price for them to pay to enjoy the adult privilege of driving. An addition argument in favor of this is that your teen will be more willing to take measures to reduce what he or she pays. The full implication of this is that your teen will be a lot safer as they'd do their best to avoid inflating their rates.
1. Under-25 drivers are give very high rates. However, one step you can take to enjoy cheaper rates if you belong to this age range is get good grades.
You have to maintain a grade point of not less than B to enjoy a good student discount. For those who meet this eligibility requirement, you can expect discounts of about five percent. This discount is given because insurers think there is a connection between good grades and a young driver's composure behind wheels. Reckless under-25 drivers are very unlikely to keep getting good grades.
2. Stay claims-free for more than three years and most insurers will give you a special discount. Those who understand how to take advantage of this often handle very minor repairs and fixes and so easily become eligible for this discount. So check what it will cost you to fix the problem and what you'll gain with a No Claims discount and choose whichever will serve your best interest.
3. Another alternative for you is to use your parents' auto insurance policy. If you are of driving age, then your parents certainly are far above twenty five years which means they are lower risk drivers.
You have to bear in mind, though, that the vehicle must be registered in their name and you must be living with them if you want to use this option. If you don't like the idea of handing the car's ownership to them and other stuff that may come with it, then you will have to forego this alternative.
4. Defensive driving helps so get trained in it. In addition to making you a better driver, it will get you a discount with your insurer provided such a class is recognized by them.
5. The most important key to reasonable savings in auto insurance is comparison shopping -- That's if you do it correctly. You can get quotes that will have a range that exceeds $1,000. You could easily save that much by simply picking the lowest quote. That should be the case if you're simply after the lowest price.
However, if you want the best value to price ratio then you would have to look at the details of the lowest quotes. Different insurers may have slight differences for similar policies. It's wise to ask the agent what's part of the deal and what's not.
Therefore, as much as possible, do not place such a driver on your own policy. It will drive it up by a huge margin. Your teen driver should have his/her own policy. This will be made possible if you sign an exclusion form.
It's a fair price for them to pay to enjoy the adult privilege of driving. An addition argument in favor of this is that your teen will be more willing to take measures to reduce what he or she pays. The full implication of this is that your teen will be a lot safer as they'd do their best to avoid inflating their rates.
1. Under-25 drivers are give very high rates. However, one step you can take to enjoy cheaper rates if you belong to this age range is get good grades.
You have to maintain a grade point of not less than B to enjoy a good student discount. For those who meet this eligibility requirement, you can expect discounts of about five percent. This discount is given because insurers think there is a connection between good grades and a young driver's composure behind wheels. Reckless under-25 drivers are very unlikely to keep getting good grades.
2. Stay claims-free for more than three years and most insurers will give you a special discount. Those who understand how to take advantage of this often handle very minor repairs and fixes and so easily become eligible for this discount. So check what it will cost you to fix the problem and what you'll gain with a No Claims discount and choose whichever will serve your best interest.
3. Another alternative for you is to use your parents' auto insurance policy. If you are of driving age, then your parents certainly are far above twenty five years which means they are lower risk drivers.
You have to bear in mind, though, that the vehicle must be registered in their name and you must be living with them if you want to use this option. If you don't like the idea of handing the car's ownership to them and other stuff that may come with it, then you will have to forego this alternative.
4. Defensive driving helps so get trained in it. In addition to making you a better driver, it will get you a discount with your insurer provided such a class is recognized by them.
5. The most important key to reasonable savings in auto insurance is comparison shopping -- That's if you do it correctly. You can get quotes that will have a range that exceeds $1,000. You could easily save that much by simply picking the lowest quote. That should be the case if you're simply after the lowest price.
However, if you want the best value to price ratio then you would have to look at the details of the lowest quotes. Different insurers may have slight differences for similar policies. It's wise to ask the agent what's part of the deal and what's not.
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