It’s not easy for young drivers to obtain car insurance and often, they’ll be included on their parents’ policies simply for reasons of economy, where it has proven impossible to obtain cheap insurance quotes for young drivers. However, even that can cost a fair amount. Insurance companies work on the assumption that young drivers between 16 and 25 years old are greater risks and increase the premiums accordingly. They’re also likely to drop drivers, or inflate premiums, in the event of an accident.
Are Young Drivers Greater Risks?
It’s true that young drivers have far less experience and are more prone to accidents than those who are older. 5,896 young drivers died on the roads in 2004 alone, a statistic that shows just how dangerous driving can be for the young. To protect themselves, insurance companies necessarily charge higher premiums for young drivers, since their incidence of accidents is greater.
Within the young, premiums for males will be higher than for females. since studies have shown that males tend to be more reckless as drivers. Even one traffic ticket can cause an increase in insurance premiums for the young, since it shows they’re not driving carefully. However, you can easily obtain insurance for young drivers at selected web sites, whether on a dual policy or one of their own.
Erie Insurance
Erie (www.erieinsurance.com) has special deals for young drivers, and understands how tough and expensive it can be for them to obtain insurance. However, it only applies if the family has its auto insurance through the company and has not had an at-fault accident in the preceding five years. There’s a 20 percent discount for young drivers who qualify. They must be under 21, unmarried, own a full license and they must discuss safe driving habits with a representative of the company. The policy won’t apply if the youth drives a performance car.
Carinsurance.com
The website carinsurance.com (www.carinsurance.com) gathers quotes from a number of different companies so you can compare them. They will obtain quotes for young drivers, whether it’s for full coverage or less.
Comparison Market
Comparison Market (www.comparisonmarket.com) is another site that lets you obtain and compare quotes for a number of different insurance providers that cover drivers under the age of 25.
Insurance4USA
Insurance4USA (www.insurance4usa.com) covers all types of insurance, including auto insurance for young drivers. It works just like the other comparison sites, with insurance agents offering competing quotes. You can directly compare the type of coverage and specify the level of coverage you desire as a young driver.
Insurance.com
Insurance.com (www.insurance.com) is yet another comparison site, but one that deals with major insurers such as The Hartford and Travelers. You can always contact these companies directly for a quote, but this method is much faster and allows you to directly compare coverage, including deductibles and premiums.
Esurance
Esurance (www.esurance.com) offers online quotes from a number of different companies with the added bonus of discounts for those who switch to them from their current carrier. They even have an interactive insurance counselor to help you decide on the level of coverage that’s best for your needs.
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