There’s no getting around it – people (particularly males) under age 25 are more likely to have auto accidents, and car insurance for young drivers is going to be expensive. However, because of increased competition in the insurance marketplace, finding the cheapest car insurance is easier than it used to be, and the Internet makes it a snap to compare auto insurance rates online.
Going Shopping
The first place you should start is your present insurer. If you are with a large insurer such as Pemco or Geico and carry homeowners or renters insurance through them, you may qualify for a discount if you insure a vehicle with the same company. Most insurance companies offer multi-vehicle discounts as well, which extend to boats and aircraft.
This said, it’s important to keep in mind that virtually every insurer today has a website with online tools that can enable you to get almost instant quotes by entering your information. This means you can get multiple quotes on car insurance for young drivers in a matter of minutes – often on the same website.
It’s also worth noting that often, the cheapest car insurance for the difficult-to-insure – such as teenagers – can be obtained through independent agents. These agents do not represent a single insurance company, but offer policies through a number of them. They will compare auto insurance rates for you and offer several options.
Consider the Vehicle
The best time to make certain you can get the cheapest car insurance for young drivers is before selecting a vehicle. Yes, those sporty two-seater sports cars are sexy and fun to drive, but they are also the most expensive vehicles to insure, even for adults. SUVs may seem safe, but they too can be expensive to insure because of the potential damage they can inflict in an accident.
The cheapest car insurance you are going to be able to get is for a plain four-door sedan. Though they’re not glamorous, historically, these are the safest vehicles on the road – and therefore, the least expensive to insure.
Keep it Honest
Some parents have engaged in a practice that in England is known as “fronting,” which means they name a child on their insurance policy as a second driver when it fact the child is the primary operator of the vehicle. This is a bad idea for a couple of reasons. First, you may find yourself charged with insurance fraud, leaving yourself open to prosecution; secondly, if your child is involved in a collision and the truth comes out (as it usually does), your insurer may legitimately deny your claim and leave you holding the bag.
It may seem an easy way to get the cheapest car insurance, but it will cost you plenty when you get caught.
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