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Young Drivers Seeking Cheap Car Insurance

March 15, 2012 · 0 comments

Teen with magnifying glass

Studies have shown that motorists under 25 years of age frequently take unnecessary risks while behind the wheel, and are involved in more accidents than drivers in any other age group. Unfortunately for many teenagers, these statistics usually result in higher auto insurance prices. Coverage providers take into account many different details when setting rates, including a motorist’s driving record. Because many younger drivers are inexperienced, companies usually have to rely on statistical information to assess a motorist’s risk of filing a claim.

Research published by the Congressional Quarterly estimates that over 6,000 teenagers die as the result of automobile accidents annually. Additionally, drivers under the age of 25 are statistically more likely to drink and drive than any other age group. This unfortunate information is often the cause of higher priced coverage. To compensate for the additional risk of insuring a high risk teen, many insurers will only offer policies with higher premiums.

Shopping around and comparing multiple quotes may help younger drivers find lower rates. Although insurers generally charge teenagers more for auto protection, each company also interprets risk differently. Getting cheap insurance for young drivers often involves extensive comparisons, but online resources can allow motorists to see dozens of estimates from a single website.

Get Cheap Auto Insurance as a Young Motorist

Apart from comparing quotes, younger drivers can often take advantage of various programs and discounts that can help cut coverage costs. In many states, teenagers are required to take part in a graduated driver licensing program to become fully licensed motorists. Satisfactorily completing one of these courses can better prepare younger drivers for the open road, and can help reduce a motorist’s risk of being involved in an accident. Often insurers will take notice when a younger driver completes their training, and offer a vehicle coverage discount.

In some states, special Insurance Discounts and Driving Courses are available to younger drivers that can help lower coverage costs. For example, in Connecticut teens that have completed an approved driver training course are frequently awarded special savings. Additionally, many insurers will lower policy prices for many different reasons. If a younger motorist can maintain a 3.0 GPA or higher while in school, many insurers will provide additional savings.

One alternative to buying auto insurance for a teenager is to have a younger motorist join a parent or guardian’s policy. This popular option can frequently help teen drivers save money while still meeting state coverage requirements. Although the premium for every vehicle on the same policy will likely increase because of the presence of a higher risk driver, this is still considered an affordable alternative for many teens.

Source: http://www.onlineautoinsurance.com/teenagers/cheapest-young-drivers/

Articles – Online Auto Insurance

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Young Drivers with Compulsory Connecticut Auto Insurance

January 5, 2012 · 0 comments

Connecticut state flag button

All motorists in Connecticut are required to carry automobile insurance. For teenage drivers in the Constitution State, vehicle coverage frequently involves higher premiums and more extensive comparisons. The risks associated with being an inexperienced motorist generally translates into higher coverage costs. Statistically, teens are at a greater risk of being involved in an accident than older drivers, and consequently insurers often charge more for auto protection. Finding an adequately priced plan usually involves extensively comparing quotes and researching alternative methods of meeting CT financial responsibility requirements.

Insurers generally set Connecticut automobile insurance premiums after determining a driver’s risk of filing a claim. Motorists who pose a greater risk are frequently charged more, while safe drivers usually encounter lower premiums. Statistically, younger motorists have a higher chance of being involved in an accident than any other age group. Although the Constitution State already enforces various restrictions on teen drivers, auto accidents are still the leading cause of death for residents between the ages of 15 and 19.

CT insurers are aware of the unfortunate statistics surrounding teenage motorists, and raise premiums for younger drivers to compensate for the risk of providing insurance to higher risk drivers. To find adequately priced coverage, younger residents should compare estimates from multiple companies. Individual insurers are likely to provide unique quotes, giving motorists the opportunity to find more affordable vehicle protection.

Getting Auto Insurance for Young Connecticut Drivers

Insurers in Connecticut often target different customer demographics. While the majority of coverage providers choose to insure motorists in the preferred and standard market, there are some companies that specialize in high-risk coverage for those in the non-standard market. Shopping around and comparing quotes can lead to cheaper insurance because it provides drivers with options.

A popular alternative for many younger motorists in CT is to join the policy of a parent or guardian. If a teenager is having difficulty locating an adequately priced plan, being added to an existing policy can be a cost effective way of remaining insured until the younger motorist can purchase their own coverage. However, motorists should note that when a high-risk driver is added to an existing plan, the premiums of every vehicle on the policy are likely to increase as a result.

Avoiding accidents and citations as a younger motorist can lead to cheaper vehicle coverage in the future. However, there are Safety Tips and Laws That Parents and Young Teen Drivers Must Know to avoid potentially serious consequences and higher coverage costs. Younger motorists in the Constitution State usually receive harsher punishments for texting while driving, speeding or driving recklessly. Most of these violations can result in a fine and a license suspension, and will likely result in higher insurance premiums as well.

Source: http://www.onlineautoinsurance.com/connecticut/

Articles – Online Auto Insurance

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Wisconsin Car Insurance for Young Drivers

October 29, 2011 · 0 comments

Wisconsin state flag sticker

For young Wisconsin residents the ability to drive can be liberating, but teenagers must still remain responsible for their actions behind the wheel. Vehicle owners in the Badger State are required to carry liability and uninsured motorist coverage, which includes individuals under the age of 25. These younger motorists, however, are frequently charged more for coverage than other age groups for a number of reasons. Risk level and accident frequency can influence the rates of individuals in specific age groups, but unfortunately studies have shown that more youthful drivers have a tendency to take unnecessary risks, drive without a seat belt and are more frequently involved in accidents than other age groups. Luckily residents of any age may be able to find cheaper coverage by shopping around.

One of the major reasons why younger individuals pay more for Wisconsin car insurance is because the 551,246 licensed drivers under the age of 25 in the Badger State make up only 13.5 percent of the total number of motorists, but are involved in 24.3 percent of all accidents statewide. Statistics such as these often result in younger individuals being classified as high risk motorists, and consequently experience higher premiums. Insurers often increase rates to counter the financial risk associated with insuring an individual with an increased chance of filing a claim. Despite the tendency for WI youth to pay more for policies, it is still usually possible to find an adequately priced plan after completing a fair amount of research.

Cheaper Car Insurance as a Young WI Driver

In the Badger State there are many different options for people searching for vehicle coverage, and young high risk drivers in particular can often benefit from taking the time to shop around and compare quotes. Evaluating estimates from multiple companies allows residents to explore their options and choose an insurer that can provide coverage at an adequate price. To research efficiently, it is recommended that residents try searching for sample rates online, where potentially dozens of quotes can be viewed at once. To help make coverage costs more affordable, drivers are also encouraged to investigate potential discounts as well as policy estimates.

Many inexperienced drivers, especially students, may be able to benefit from investigating Tips for Saving on Auto Insurance which includes taking advantage of various special offers. Coverage providers commonly lower premium prices for individuals with multiple vehicles on the same plan or for motorists that belong to specific clubs or organizations, but also for maintaining good grades while in school (generally a 3.0 GPA or higher). Additionally, young motorists can often save money by taking a state approved driver training course, and by making an effort to become safe and conscientious drivers. Individuals who can maintain a clean driving record for over three years typically experience good driver discounts, and striving to become an exceptional motorist while still a teenager may lead to lower coverage costs in the future.

Source: http://www.onlineautoinsurance.com/wisconsin/

Articles – Online Auto Insurance

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