It is known that car insurance costs are quite high for the teenagers and the young drivers gave to the risk factors and historical records of rash driving cases. The car insurance firms raise the cost of the policy to make it stringent for the young drivers.
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Quick Look: A single male of 19 years pays on average $2600 per year & female pays $2400 if there is no accident history. Any accident history can increase the cost to $4000+.
However, there are certain conditions that make the cost of the policy to vary from person to person even in the same age bracket. Let us make you understand the various aspects of varying costs of car insurance policies for young adults and tips thereby that will help you in reducing the cost of insurance (in case you are looking for one).
- How Much is Car Insurance for a 19 Year Old & Why It’s Costly?
- Ways to Reduce Car Insurance Costs for 19 Years Old Drivers
- Your Academic Excellence
- Certificates of Appreciation
- Credit Score
- Maintain a Clean Driving Record
- Do Not Buy Expensive Vehicles
- Suggest the Genuine Need for Your Driving Requirements
- Check your state policies
- Word of Wisdom
- Use Your Finance Correctly
- Try to Get Discounts
How Much is Car Insurance for a 19 Year Old & Why It’s Costly?
For young drivers who want to know how costly car insurance for a 19 years old driver is, the answer to this question is unfortunately terrifying. And there is certainly a reason or probably more things that could highlight why car insurance for 19 years old drivers is so expensive and young drivers are definitely curious to know the reason(s).
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Car insurance costs are mostly established based on statistics that prove that 1 out of 5 drivers with less than one year of driving experience and involved in serious car accidents are young drivers. It seems that young driver claims are double in numbers related to car accidents, compared to drivers with experience behind them.
This is the main reason why young drivers are bound to pay more than the average prices for car insurance policy and this is how they can have a general image of car insurance for 19 years old.
There are policies that give rebates on good driving records. However, the young drivers do not have any such data to back them. They cannot avail such discounts that are based on the driving expertise or driving excellence. Therefore, they are liable to avail the policies that have to be paid in full.
The Growing Age
The “teenage” is primarily considered as an age of “outrage” and “confusion” when the hormones transition a youngster into an adult. These emotions may often cause them to break down or become anxious due to any personal conflicts or situations which may affect their driving abilities. Therefore, the insurance companies always take precautionary actions to ensure their own interest.
Even if car insurance policies for young drivers are extremely costly, the good news is that they can apply several techniques that will help them get cheaper car insurance policies.
Ways to Reduce Car Insurance Costs for 19 Years Old Drivers
Being a teenager (19 years old), there are certain steps that you need to take in order to make the insurance policy more pocket-friendly.
If you follow the given mentioned points, there is no doubt that you are going to save a lot of money on your car insurance policy:
Your Academic Excellence
Being good with grades is always going to help you in scoring points. Even in case of car insurance policies, at times the companies give some relaxation of pricing to the academically brilliant students. These students are considered to be much responsible and behavior wise sincere. This fact works in the favor of their psychology towards taking risks on the roads. If you have a good academic background, you must present your grades and mark sheet at the time of application with a given request for consideration for discounts.
Certificates of Appreciation
If you must have been involved in any social activities or tasks that can recommend you as a capable, genuine and mindful young adult, you must present it to the insurance company. Such certificates may be anything such as working with NGOs, active participation in Olympiads, conferences etc. These appreciations may help you in being considered eligible for discount.
The importance of credit score is vividly known when it comes to buying insurance. It may occur that at the first time buyer of car insurance you may not get any significant discounts. However, if you will maintain a good credit rating it is certainly going to help you down the line. Therefore, maintain a really good credit score if you want to save big on insurance spending.
Maintain a Clean Driving Record
Involvement in any discrepancies or rash driving activities- passively or actively- may result in trouble for you. Pay attention to the following:
- Do not drive rash
- Do not drink and drive
- Do not talk on the phone while driving
- Stay clear of pavements
- Maintain decent driving speed
- Follow the traffic rules
- Carry all necessary documents with you while driving anytime
The above-mentioned instructions will help you in avoiding any unwanted penalties and a bad name in driving records.
Do Not Buy Expensive Vehicles
If you own a very expensive vehicle to drive, you are bound to get higher quotes for insurance. The insurance companies do not offer any discount to such customers as they know in the first place that customer can easily afford the price quoted by them (in case their first car is very expensive).
Secondly, it is a matter of understanding that expensive cars have higher average speedometers that can cause troubles for other drivers on the road. Third, such vehicles are often used to gain attention. In case of young drivers, undue attention can become distracted very easily. Therefore, it is advised that at the time of buying your first vehicle it should be some cheap, moderate average giving the car. It will help in justifying your claim for reduced costs as well.
Suggest the Genuine Need for Your Driving Requirements
If you need the car insurance for some dire needs then you can mention the requirements in your application. Most of the applications have sections for “special notes” where you can state the reason that you are applying for car insurance at this stage.
For example- you may have to drive to your college or training every day due to lack of public transport in that area. Such requirements, if genuine, may help the companies to understand the situation of the applicant.
Check your state policies
Based on your demographic location, you should always keep a notice of ongoing state policies for young drivers. At times, the state and the government offer driving camps or certifications to the youngsters that help them in getting significant discounts. Also, there are categories based on the state policies that often get discounts. You need to check if you may fit into any of such categories.
Word of Wisdom
If you really want to find out how much is car insurance costing for 19 years old, before jumping into the first offer, it is essential to compare prices. Different car insurance agencies come up with different prices and have in mind a variety of factors that could help young drivers to have their annual premiums reduced.
The main idea is that your car insurance policy needs to be created based on your needs and financial status. Even if a professional car insurance agency offers the cheapest prices, it is not guaranteed that you will also get what you need. Therefore, price comparison and reviewing insurance companies is essential, prior to everything else.
Use Your Finance Correctly
If you have the possibility and have the necessary financial resources when you receive your car insurance policy, it would be great to pay more in advance, so you will not have to bear huge costs every month. Even if your car insurance is cheap, you will still need to pay more than you have imagined, because of the interest charged on installment. If you want to know monthly premium of the policy and want the cheapest one, these are the two basic steps mentioned above that you will have to follow.
Choosing the option of telematics car insurance is also extremely beneficial for young drivers. Telematics technology represents one of the best methods to lower car insurance costs for young drivers. Every young driver wants to know how much car insurance for a 19 year old is and if you are one of those who wants this price to get reduced, all you have to do is install this tool into your car that will show your driving style to your insurance agent. This is how your agent can establish the price of your policy on how you drive and not on statistics.
Try to Get Discounts
Although it may not seem easy to avail these discounts on your car insurance policy and a few careful speculations can help save a lot of money. If comparing the quotes of various companies you can use the comparative analysis tools that are easily available free of cost on various insurance companies’ websites.
A careful research, cautious driving, and responsible attitude on the roads may work in your favor. Being 19 years old there are a lot of things that you need to learn from life. Being savory on finances is just a beginning that will train you to enter the right steps for future investments and spending too.