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.