To the misfortune of a younger driver, the cost of car insurance is usually a lot more pricey than that of more mature motorists. Though this can seem unfair and maybe unreasonable there are many reasons why youths are charged higher premiums; the insurers calculate rates and establish the premiums based on risks associated with certain individuals and youthful drivers tend to be a riskier bunch to insure. A “young driver” is usually described by carriers to be between the ages of 16 and 25 and are commonly classified as a “high risk” because they are known to be involved with tickets, violations, accidents and driving under the influence of drugs or alcohol.

The main factors that translate into younger motorists paying more for coverage is driving inexperience and the statistical data that has been compiled over the years showing the likelihood of this age group being involved in traffic accidents. A study conducted by the North Dakota Department of Transportation showed that between 2001 and 2007 vehicle operators in this age group were involved in 25.9% of all crashes even though they only accounted for 11% of all licensed motorists. These numbers are a bit scary, especially to parent who is ready to hand over the keys to their child; it is important to teach safety behind the wheel to try and keep these youths safe and to obtain cheap auto insurance for young drivers by avoiding future tickets and/or accidents which can lead to rate increases.

Finding Cheaper Car Insurance for Young Drivers

The most vital step to locating the cheapest premiums is to take the time and compare the rates of as many carriers as possible; this is true even if the youth is going to be added to a parent’s existing policy because the parent’s insurer may not be the most affordable when it comes to youths. Comparing auto insurance rates from various companies is so important because different insurers specialize in certain clientele; while one carrier may look only to insure mature motorists and can offer them a great deal, they may charge younger motorist much more for coverage to compensate for risk. Comparisons may help ensure that an unreasonable rate is not being paid for policies.

It is highly advised that while shopping around for cheaper coverage that savings are look in to; departments of the government such as the North Dakota Department of Insurance suggests that any discounts available should be taken advantage of. A wide variety of companies offer a discount for good students (maintaining a “B” grade point average or higher), completing a recognized driver education course, having a vehicle which is equipped with safety features and a multi-car discount if the young motorist will be adding an automobile to a parent’s policy. By diligently shopping and taking advantage of any discounts that may be offered, younger motorist may just be able to find a policy at a rate that can
be affordable.

Source: http://www.onlineautoinsurance.com/teenagers/cheapest-car-insurance-young-drivers.htm