The price of auto insurance continues to grow, but there is one group that are most affected by these increases, namely, new drivers, particularly those between 17 to 22 years old.
Due to their lack of experience and propensity for foolhardy driving behaviors, they are regarded as high risk drivers.
As a result, fewer insurance companies wish to cover them, and policies offered to this group are often exorbitant.
The reluctance of insurers to insure new drivers presents a problem for teenagers and young adults who don't have adequate funds to pay expensive premiums but need a vehicle for school or work since they live in a location where riding buses or trains is not that feasible.
Still, there are ways to locate reasonably priced insurance options for teens and new drivers.
How to get reasonable new driver insurance Shop around Some insurance companies are more prepared to cover new drivers than others, so it pays to request quotes from numerous carriers.
Thankfully, looking for insurance is much easier to do nowadays due to the Internet.
There are price comparison internet sites as well as those that aggregate several vendors allowing you to obtain several quotes using a single request.
Add new drivers to existing policy In the past, to circumvent exorbitant insurance premiums for new drivers, parents include their teens under their policy.
Adding a young driver to a car insurance policy will raise the principal driver's rates.
Even so, it is usually less expensive to add new and young drivers to an existing policy than to exclude them.
However, keep in mind that if the insurer finds out that the teenager or young adult is the main driver, which is referred to as "fronting," they can drop the policy altogether.
Search for discounts You can cut insurance costs by taking advantage of good student or safe driver discounts.
So if you are looking for insurance, be sure to ask the carrier if they offer these kinds of discounts.
Prior to enrolling in such courses, ask if the insurer has recommended driving schools.
Additionally, if you have a clean driving record in between renewals, you are also qualified to receive these discounts.
Use a low-risk vehicle Some vehicles are more expensive to insure than others.
For instance, a Camry would be less expensive to cover compared to a Corvette.
If you are buying a car, pick one that looks good to insurance companies.
If you already own a car, avoid modifying it considerably.
If you want to spruce up an old car, be sure to concentrate on safety features instead of aesthetics.
Due to their lack of experience and propensity for foolhardy driving behaviors, they are regarded as high risk drivers.
As a result, fewer insurance companies wish to cover them, and policies offered to this group are often exorbitant.
The reluctance of insurers to insure new drivers presents a problem for teenagers and young adults who don't have adequate funds to pay expensive premiums but need a vehicle for school or work since they live in a location where riding buses or trains is not that feasible.
Still, there are ways to locate reasonably priced insurance options for teens and new drivers.
How to get reasonable new driver insurance Shop around Some insurance companies are more prepared to cover new drivers than others, so it pays to request quotes from numerous carriers.
Thankfully, looking for insurance is much easier to do nowadays due to the Internet.
There are price comparison internet sites as well as those that aggregate several vendors allowing you to obtain several quotes using a single request.
Add new drivers to existing policy In the past, to circumvent exorbitant insurance premiums for new drivers, parents include their teens under their policy.
Adding a young driver to a car insurance policy will raise the principal driver's rates.
Even so, it is usually less expensive to add new and young drivers to an existing policy than to exclude them.
However, keep in mind that if the insurer finds out that the teenager or young adult is the main driver, which is referred to as "fronting," they can drop the policy altogether.
Search for discounts You can cut insurance costs by taking advantage of good student or safe driver discounts.
So if you are looking for insurance, be sure to ask the carrier if they offer these kinds of discounts.
Prior to enrolling in such courses, ask if the insurer has recommended driving schools.
Additionally, if you have a clean driving record in between renewals, you are also qualified to receive these discounts.
Use a low-risk vehicle Some vehicles are more expensive to insure than others.
For instance, a Camry would be less expensive to cover compared to a Corvette.
If you are buying a car, pick one that looks good to insurance companies.
If you already own a car, avoid modifying it considerably.
If you want to spruce up an old car, be sure to concentrate on safety features instead of aesthetics.
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