How to Get the Best Car Insurance Rates as a Young Driver
As a young driver you are definitely looking for cheap car insurance – as cheap as possible, right? Especially if you’re the one footing the bill. Even if your parents are helping you out, you certainly want to do what you can to keep those rates reasonable. You don’t want to cause your parents any undue grief, or heaven forbid, have them revoke their assistance because your rates have sky-rocketed.
You’re considered high risk based on your age
Right off the bat teenagers and young drivers that recently got their licenses are considered a higher risk than drivers with years of experience under their belt. That’s a given and there is nothing you can do about that. Young people get in more accidents – period – due to their inexperience or questionable driving and insurance companies need to take this into account when setting rates. In Ontario, any driver under 25 years old is put in the young driver category with its correspondingly more expensive rates. And the younger you are, the higher you can expect to pay. (You can learn more about high risk drivers in this post).
What you can start now, however, is building up your clean driving record. As the years of good driving pile up, your rates will go down. So it is crucial that you do everything you can to support good driving habits. You’re less experienced than your older counterparts, so err on the side of caution. Impressing your friends with your speedy or aggressive driving will get you nowhere and will certainly move you away from cheap car insurance and into a high risk driver category. This includes following all driving laws carefully. You want to avoid getting a ticket not just because it sucks having to pay it but precisely because it ends up on your record and ends up affecting your insurance rates.
It’s not just yourself that you need to think about on the road. Other drivers can force you into unfortunate situations with their bad driving habits. Better to drive defensively and take your time. Never assume that you know what another driver is going to do.
Think about your car
Many of us remember how we started our driving careers with a sweet old beater. While you might not be in a position to be choosy about the car you are driving, if you do have some choice in the matter, the type of car you drive and its safety features can affect the rates you get. Do some research. You might be tempted to scrimp and save every penny to get that fancy sports car only to be floored by the insurance rates that go along with it.
Other ways to get cheaper insurance
If you’re just getting started with driving, you get a discount at every stage of Ontario’s graduated licensing system, so move through it as quickly as possible (click for more on the G1 and the G2 licences). Taking a driver training course can help too to reduce the risk insurers might see in you. If you’ve already done so, make sure that you have brought this up with your broker or agent.
And if you’re a student, say so and don’t be shy to ask about any special discounts that may be available to you. Some insurers may offer a special rate.
Are you the parent of a teen about to get behind the wheel? Check out this post for steps you can take to help the young driver in your family get cheaper car insurance rats.
So remember, keeping a clean driving record and doing your comparison shopping can help you find cheap car insurance as a young driver. Start your search here with our free online quote tool.
Image source: FreeDigitalPhotos.net / David Castillo Dominici