Cheap Car Insurance For The New Student Driver In Your Home
Young drivers pay the highest amount when it comes to car insurance. Of course, this makes sense as a young driver is much more likely to be involved in an accident and cause serious damage. While some young people drive safely, others ruin it for the rest of them. There is no way around it; anyone who is under the age of 25 is going to pay a lot for a car insurance policy. Luckily, there are a few things a young owner can do to lower their insurance premium. Here are four tips for cheap car insurance for students.
A student owner should try and always maintain good grades. Usually, good grades would be defined by a student getting a 3.0 average or higher, though auto insurance companies differ on what a good GPA is. The discount is pretty decent; someone with good grades can expect a ten percent discount at minimum. With ten percent off, a student can potentially help save a couple of hundred dollars every year.
A lot of young people live in big cities and take the bus or ride their bike to work. If you do not drive a lot of the time you should try and get a money discount as an occasional driver. There is no solid definition of an occasional driver as every insurance company will have a different policy. Generally, if you only drive for pleasure, meaning you do not drive to work or school, you will be eligible for getting an insurance discount. The discount can be quite large, with some companies taking 25 percent off the bill. If you ask for a discount based upon occasional driving, make sure you are actually an occasional driver, otherwise you may face problems later.
A young person should try and minimize his or her auto insurance policy costs in other ways. If you are young, try and find a car that is not expensive to be the owner of. An expensive car would be a two seater sports car, or a car with expensive to replace parts. Stick with a simple four door sedan, preferably something that is mass produced, such as a Corolla or Camry. The difference in insurance costs between a two door sports car and a more boring sedan can be substantial. It is possible to qualify for a good deal and even get cheap car insurance for students.
Like anyone else, a young person needs to shop online for insurance coverage. Quotes can vary widely by hundreds of dollars a year. Online insurance pricing is far from standardized, and a young person needs to get at least five quotes at a time to get the best price. Some are shocked when they compare online quotes as they often find the difference in coverage premiums to be hundreds of dollars a year.
While it is difficult to avoid high rates when you are young, you can find cheap car insurance as a student, you can take steps to minimize your costs. While auto insurance policy rates do go down with time, if you are young, you will be paying more money for the foreseeable future. With these tips, you may be able to lower your monthly insurance coverage costs by a substantial amount. Remember to ask for any discounts you may qualify for, as some insurance companies are not always forthcoming about their quotes discounts.