Simple Auto Insurance Tips for Younger Drivers

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A younger driver often experiences the issues with the extreme cost of Auto Insurance rates. Most everyone argues that age and experience should not make a difference, if the driver has not had an accident or received any tickets.

Insurance companies consider younger drivers a higher risk, because they typically don’t have the experience or carry responsibility.

What is considered a younger driver? These drivers are someone under the age of 25 years old.

These are the top 3 tips that an a younger driver can do to get lower car insurance rates?

1. Whether they are in High School or College, having a Good Student Discount provides up to a 30% discount on the monthly premium. A good Student Discount is having a Grade Point Average of 3.0 or higher.

2. Have the drivers policies remain within their parents household policies. The will give the driver the multi-car, home and possibly life discounts. The multi-car, and multipolicy discounts are a huge discount on the monthly premiums.

3. Most importantly is making sure the driver’s driving record is 100% clean. If there are any tickets or accidents, the monthly rates will skyrocket by as much as 300%.

There are several other factors that affect the car insurance rates for youthful drivers, such as no prior, single, 1 policy, bad credit, and high risk vehicles. They must remember that insurance companies consider these youthful drivers a risk, based on prior loss rates of drivers in the age of 16-25 years old.

I hope that this was an informative article on Auto Insurance Tips for Young Drivers.



Source by Kevin R Kennedy