Getting ones drivers license is a big day in the life of a teenager. It marks a new era of freedom, of independence, and another brave step toward adulthood. Most teens cant wait to get behind the wheel of a car and to stretch their newly minted wings. But wait a second: Theres the little matter of insurance to deal with. You may be surprised that the price for insuring a young driver is higher than what you might pay as a more experienced driver. What should you do? A car insurance quote iselect and other companies included is the first place to start. By comparing rates, you can shop around for the best price for you.
Its true that teenagers and other new drivers are more expensive to insure. This is not a slight against young or inexperienced drivers; its a matter of risk assessment. Insurance companies must protect themselves against loss. Anyone who is new to driving, particularly young people, are statistically a bigger risk to the insurance company as they tend to engage in riskier driving behaviours, resulting in more accidents and property damage. Because of that, insurance companies typically charge more to insure them.
Since you cannot legally drive without insurance, the task of finding affordable insurance becomes a necessity. The good news is this: There are so many insurance companies out there, which creates an atmosphere of competition. They want to attract you to their company and away from the competition, and because of that they will do what they reasonably can to give you an affordable rate.
There are some things you can do to bring the cost of insurance down if you are a new driver. If you are a student, keep your grades up. Some companies will look favorably on this and will give you a break on your car insurance because of your grades. Additionally, the car you drive can have a significant impact on the price of your insurance, too. The safer, sturdier, and more reliable your car is, the more likely youll be to get a better rate on your insurance. Its a good idea to research the years most commonly stolen vehicles, and steer clear of those. Not only do you not want to make yourself a target for thieves, avoiding these high-risk vehicles can help keep your premiums down.
Even if you do end up having to pay a slightly higher premium because you are a new driver, its possible that that rate will drop over time. If you are a safe driver and can go a certain amount of time (a year, for example) without getting any parking tickets or moving violations, your insurance company may adjust your rate in your favour.
The reality of getting car insurance as a new driver is that you may have to pay a little more, but there are things you can do to get your rate lower. Remember that car insurance companies have to consider the risks associated with insuring anyone, and a new driver hasnt yet proven they are in a low-risk category. Over time that may change, and so may your insurance rate.