Unlike other insurances (such as life & home insurance) protecting your car is usually expensive if you are young. We could easily say that the younger you are, the more expensive car insurance gets.
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There are many factors that affect the price of your premium. However, being a teenager or in your late 20’s would make a big difference.
How Can Younger Drivers Get Cheaper Car Insurance?
Even though in many countries you can get a driver license when you are 16 or 17, but at this age, it is almost impossible to get car insurance, at least not the one that you are hoping for.
Basically, there are no differences in price when it comes to teenage drivers. No matter if you are 16 or 18, you will be facing the highest premium for car insurance out there.
In this situation (when you are not even legal to sign any document), you will be seen as high risk by almost any insurer.
Get in a parents policy
Therefore, if you are looking for cheap car insurance in this age, the best option you have is to share the policy with someone in your family. If one of your parents already has a car insurance policy, being added to that policy will save your family a lot of money. You will not need to have your own policy, but it is better than anything in your current situation.
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Get Discount & Lower the Premium
Statistics say that a young driver in their early 20’s is more likely to be involved in car accidents. Therefore, we can blame on statistics for all the high premiums when it comes to car insurance for young drivers.
Thankfully, there are many ways to lower down your premium, one of them is to get discounts that are offered by many insurers. However, have in mind that not all insurers give the same deals. Therefore, it is so important to find the one that gives you the best offer according to your current situation.
Good Student Discount & Extra Skill Courses
Many insurers will give you discounts if you are a good student. You can use your good marks to get cheaper insurance, depending on the insurer you choose. You can also pass some extra driving tests in order to improve your driving. These certificates can be used as proof to the insurer that you have experience and that you are a safe driver.
Love Your Car
You can also protect your car in order to lower down the possibility of your car being damaged or stolen. However, using a dashboard camera can give you some extra protection and in the case of an accident, it will be easier to identify who is at fault.
Here are a few more things that you can do in order to lower down your premium
Always make sure you lock the car and keep your keys with you, take care where you park your car (lighted area is always the best choice for parking as thieves could easily be spotted and identified), check if you closed all your windows (never leave your windows opened or cracked when you are out of the car), always take your valuables with you and etc.
Few Last Words
If you already had some years of driving experience, it could only help you lower down your premium and even can apply for no down payment policy. You could say that for now on, your experience will matter the most.