For young people looking to get their first car, buying car insurance can seem like a daunting task. In addition to the usual policy decisions like deductible and coverage level, there are several factors unique to young drivers that you must consider. Thankfully, there are a few ways to save money on car insurance if you are under 25, including taking a defensive driving class, raising your deductibles, providing a GPA of 3.0 or higher, or combining insurance with your parents.
Where to find car insurance?
Your primary car insurance company should be your first port of call, and they are likely to be your first choice. But keep in mind that most independent agencies offer protection from multiple carriers. Also, nearly all insurance companies offer discounted rates for young drivers and these savings can add up.
What if I don’t have my car yet?
If you don’t have your car yet, you can still get non-owners insurance and be legal to drive. In the State of Ohio, all licensed drivers are required to carry liability insurance, regardless of owning a vehicle.
What are the factors that make car insurance more expensive for young drivers?
If you are 25 or younger, you are considered a driver who is gaining experience. Young drivers are considered to have less experience than older drivers and more likely to make mistakes in the first couple of years.
10 Tips for Saving Money on Car Insurance
This is the first in a series of articles that will explain how you can save money on car insurance. Before you delve in, here are a few things to keep in mind: Getting a quote from different companies is extremely important, as you should only purchase insurance from one carrier. Always get at least two quotes and make sure you compare quotes based on effective dates, comparable coverages, driving record, and similar electives.
Conclusion
It is important to understand how much these costs can vary from company to company or agency to agency. For those looking to save money on car insurance, do your research and shop around.