Young People Save on Car Insurance
Young drivers have more accidents than any other age group, making them the most expensive group to insure. If you’re young and looking to save on your car insurance quotes, though, there are some things you can do to bring that premium down.
- Be a girl. OK, we know you don’t really have any control over that one, but gender does play a role in car insurance premiums. Males generally pay more than females until they get older, when premiums eventually start to even out. This is probably due to the driving habits of many young men, who like to hot rod around etching donuts in the snow, and drive too fast to impress the ladies or race against other guys.
- Have good grades. If you want to show that you’re not the typical teenager, getting good grades is an excellent start. Many car insurance companies offer discounts for good students. If you’re not taking advantage of it, are you really all that smart?
- Drive a beater. We know that young people like to show off their cars as status symbols in the high school parking lot, and having a nice ride can get you somewhere in the social scene. At the same time, a brand spanking new SUV costs a lot more to replace, and therefore a lot more to insure, than a 5-10 year old sedan. Stay away from sports cars and deluxe models, and go for something a little older if you want to save money.
- Add on the safety features. Most car insurers offer discounts for safety features like anti-lock brakes, anti-theft devices, and air bags. Choose a car with safety in mind, and you’ll be sure to save on your premiums.
- Don’t drive more than you have to. Of course when you’re young, you want to get out on the open road and feel the thrill of independence that only driving can give you. That’s not much of a problem, but if you limit your driving to say, to and from school, you could save some money on your car insurance premiums. Insurance companies know that the more time you spend on the road, the greater your chances of getting into an accident, so premiums are higher for people who drive greater distances on a regular basis.
- Live in the country. Again, you probably don’t have much choice on this one. You live with your parents and they aren’t going to move to the boondocks just to save you a little on car insurance. Drivers who live in large cities with lots of traffic pay more, though, for car insurance. That’s because the more cars on the road you have to contend with, the greater the chances of an accident.