If you are the parent or guardian of a sixteen-year old who just got his/her drivers license, you would probably agree that having to put your teens or young drivers (read: anyone below the age of 25) can, and will, cost you an arm and a leg on your insurance budget.
Try to get them under their own policies and the total costs just gets worse.
But why do car insurance providers charge so much money on young driver auto insurance policies? And do we have any other choice aside from having to pay expensive coverage for young drivers? High-Risk Drivers It may sound unfair, but as an age group, teens are by far have the highest level of risk when it comes to getting seriously killed or injured during a car accident, with a high probability of them being at-fault per accident.
Add to this the fact that teens seem oblivious to the dangerous distractions caused by using cellphones, laptops, music players etc.
while driving a vehicle.
Teens are also not as skilled and experienced yet in handling a car under different driving conditions.
All these represent a big risk towards the car insurance company's business, hence steeper premiums to compensate.
Things You Can Do But 'Young Drivers Car Insurance' doesn't always have to be synonymous to 'Bloody Expensive'.
The first thing, as a parent/guardian, you want to do is to teach your young drivers the many long-term benefits of becoming a safe and responsible driver.
Defensive Driving classes are a great way to start.
Kids keeping an average of B or higher in school can make you eligible for discounts.
An older/cheaper car doesn't wouldn't cost you too much on insurance, either.
Comparing and buying rates on the Web can actually save you a lot of money on car insurance both for you and your young ones as well.
Through car insurance websites/portals you can freely access rate quotes and information from many companies simultaneously and maximizes your chance of getting a cheap young driver insurance policy.