Introduction
Young driver are quite famous for their reckless driving and poor driving skills. Due to this, young car insurance rates are often high to cover the risk they pose. Since the premium rates are calculated on the likelihood of which a car is bound to get into an accident, young car insurance has the highest rates. Furthermore, these young drives have not had the chance to build up claim bonus.
Step 1
However, young drivers do not have to be subject to these high premium rates. With the following tips and information, any young driver can have access to cheap young car insurance. The first tip is to have a cheap car. The insurance rate for small cheap cars is lees than those of fast cars. So a Ferrari will definitely not help much. Young drivers should also get additional driving license such as pass plus which can be bought make you the driver appear as a safer driver reducing the risks.
Step 2
The 3rd tip is for the young driver to get comprehensive cover in the young car insurance. Many view comprehensive cover as the most costly of all the covers. This is not true. The insurance firm considers those that take the comprehensive cover are at less risk and are therefore charged less. Tip 5 is about safety when driving. As monotonous as it sounds, driving safely can save any young driver a whole load of costs.
Step 3
6th tip is for the young drivers to use “named driver. This is used when a young person takes over the parent’s car. This will make the young car insurance much cheaper as the young driver will be charges the same premium rates as the parents. Tip number 7 is for the young driver to compare quotes from car insurance firms and settle for the cheapest, however caution should be applied by ensuring the financial soundness of the firm is checked.
Step 4
8th tip is the addition of a second driver in the policy, preferably an older person. This goes a long way in reducing the rates for young car insurance since the presence of the older driver reduces the risks. However, the older individual should not only be older but also have a good driving record. 9th tip is for the young driver to have their cars fitted with security devices. This will reduce the risk of theft therefore decreasing the premium rates in the long run.
Step 5
The 10th of these great tips is for the young drivers to take a pay per year payment plan. As opposed to pay per month, pay per year for young car insurance does not allow any interest to be added on the balance. This is quite effective in lowering the whole cost of insurance.
Tips
With these ten amazing tips, getting young car insurance can never be a costly affair again. Furthermore, the tips are quite easy to follow and do not cost a thing. Young people can now get cars and not suffer the high insurance costs.
Sources and Citations
None.
