Things can be tough when you’re young and trying to start your own life. There are many challenges and experiences awaiting young people these days. One thing young people must learn to accept is paying more for auto insurance. It is an accepted fact that young people pay higher car insurance rates than older drivers. The good news is that as a young person, there are some things you can do to maybe lower the costs of your auto insurance.
Take a defensive driving course. Defensive driving classes go beyond the basics taught in driver’s education by having motorists learn how to drive in hazardous conditions, anticipate dangerous situations and avoid accidents. The cost is usually only $25 to $75 and you’ll typically get a discount of 5 to 15 percent for three years. Some state laws and insurance requirements vary however so you should check to make sure.
Whether you’re still living at home or out on your own you can save money by staying on your parent’s policy. This is usually the cheapest way to get insurance if you are a young driver. You and your parents can net a multi-car discount of up to 25 percent.
While you’re on your parent’s policy you can save more money by making sure you’re assigned to the cheapest car to insure in the household. Check your policy and be sure to double-check this with your insurer, as some companies will automatically assign young drivers to the most expensive vehicle unless you tell them otherwise.
Lastly, one of the quickest and easiest ways to get a break on car insurance costs is to just shop around. you can likely save way more by simply doing a car insurance comparison to see who offers the lowest rates. Rates for the exact same coverage can vary by hundreds of dollars, depending on which insurer you choose. Good luck!
