How To Save Money On Car Insurance For Young Drivers

Car insurance can be quite expensive for younger drivers so finding the best ways to save is critical. Utilizing the best tips is one of the best ways to save and I have listed some of the best tips below.

Use these 8 tips including:

  1. Be Part of Family Plan and Not Individual Plan
  2. Take Defensive Driving Class
  3. Get Good Grades
  4. Take Driver’s Education Course
  5. Don’t Drive as Much
  6. Resist Driving a New Car
  7. Install an Anti Theft Device
  8. Compare Car Insurance Company Prices

Use these tips to get the best savings for you or your young driver.

Through this post I will show you valuable tips for how to save money on car insurance for young drivers.

Be Part of Family Plan and Not Individual Plan

Being part of a family car insurance plan and not an individual plan be going to save you tons of money. Being insured for yourself compared to being insured for 3 people be going to be more expensive.

Staying on a family plan as long as possible be going to be critical for keeping car insurance reasonably affordable. A family plan is going to give you a better car insurance rate, as well as can give you cheaper prices for many other expenses too, including your phone bill.

Usually you can stay on a family plan until you are 26 and doing this will be key for keeping the cost of insurance lower.

Take Defensive Driving Class

Taking a defensive driving class can help lower you car insurance payments. Taking this defensive driving class shows that you have key experience and skills needed to handle challenging driving situations better.

I have taken a defensive driving class when I was just learning to drive and it was helpful. It was informative and gave me more experience behind the wheel in a challenging but controlled environment.

It was great for learning more about how to drive safely when the road is very narrow by having to weave in and out on a stretch of road while not hitting orange cones.

Get Good Grades

Getting good grades can help get you all kinds of benefits including lower car insurance payments. Usually getting and maintaining a 3.0 is the minimum for achieving the good grades discount.

Sometimes it will be higher to qualify for lower car insurance but for most this should be the standard to focus on. Once you have these grades, you must show your insurance company that you have these grades. Then you usually have to show every semester what your grades are currently.

Gray Car
Take Driver’s Education Course

Take Driver’s Education Course

Taking a driver’s education course is super helpful for learning properly how to drive and can lower your car insurance too. Taking this course can be ideal for learning more from someone who is not someone you know. This can be helpful for teaching you how to safely drive without getting frustrated with family or friends trying to teach you.

I found this to be very ideal for learning because the instructor did this work for a living. This meant that the instructor knew the best ways to teach someone and help them learn quickly how to drive safely.

The more of these driver education course that you can take, the more prepared you will be to handle the challenges of driving.

Don’t Drive as Much

Don’t drive as much because this will save you on all the expenses connected to the car. Driving is expensive and the more you drive in a year, the higher you car insurance will be.

If you can drive less, then you will spend less on gas and other key wear and tear expenses for the car. Each car insurance company likely will give you a discount if you drive under a certain amount each year. Checking with your current insurance company is key for trying to figure out what the minimum miles a year is the cut off amount.

The cut off distance for many companies is 7,500 miles per year. If you can find a way to drive less than this per year and prove it to your insurance company, then you will likely save money. It could be a bigger discount in certain states, especially if you live in California.

Resist Driving a New Car

Driving a new car is particularly expensive and could be very risky for a newer driver. It is a fact that younger people are more likely to get involved in a car accident. Driving a more valuable car is going to make your car insurance premium super expensive.

Try to not be on the policy for that new car because this could help you not be charged as much. If you are a young driver, then try to drive the older car much more than a new car.

A new car is going to be much more expensive to drive and to insure. Keeping a young driver mostly driving the older car is going to less likely to be super expensive when there is an accident.

Install an Anti Theft Device

Installing an anti theft device could help reduce the chance that your car is stolen and cut down on the car insurance bill. Proof of installation will likely be required and it can be done fairly easily.

Many cars now come with anti theft devices installed. Making sure that your car insurance is getting a discount if you have this device installed is key for savings.

Compare Car Insurance Company Prices

Comparing your current car insurance rate to other is key to finding out how much you should be paying for the coverage that you need. Each car insurance company is going to charge you slightly different rates for their coverage plans.

For younger drivers going with one of the top 5 companies could get you the best deals.

The following are the top 5 in the U.S.:

  • GEICO
  • Progressive
  • Farmers
  • AllState
  • StateFarm

Take the time to check which of these companies is going to give you the best deal. There are also many regional car insurance companies that could provide you with better rates if you get into an accident.

Choosing one of the top companies is likely to keep you covered in the event of an accident. But each state and country could have different options available. Taking some time to research your local area could help you discover an affordable and comprehensive car insurance plan for a young driver.

Use These Tips to Potentially Save Big

Using these tips could lead to potentially huge savings but there is a range for how much these tips will actually save you.

I have had a good amount of success cutting down on how much I pay on my car insurance through many methods. If you want to learn more about saving money on car insurance, read Most Affordable Car Insurance Companies.

I hope that you liked this post and learned some valuable tips on how to save money on car insurance for young drivers.

If you have any questions, please feel free to leave them below and I will answer them to the best of my ability.

2 Replies to “How To Save Money On Car Insurance For Young Drivers”

  1. Hey Jesse,
    Thanks for all of these insurance tips. It’s perfect as I will share this with my sister-in-law as her son is just getting his license and she was concerned with the cost of the insurance. Some of these we were already aware of but not the anti-theft device. Thanks again!

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