Wednesday, November 6, 2013
Cheap Car Insurance: How Young Drivers Can Improve Their Options
Securing cheap car insurance is something all drivers want, but for young drivers, it is far from easy to get. Insurance companies consider drivers in the 17-25 age group to be high risk, and have the evidence to justify it. However, it is a mistake to believe those drivers will find it impossible to get a good deal. Insurance companies are not simply presuming that young drivers are a greater risk on the roads than other groups. In fact, there is a wealth of statistical information that confirm they are more likely to have a road accident than any other group. With this in mind, it is only natural that insurers are reluctant to offer low premium auto insurance. But, there are some simple steps that young drivers can take to improve the terms of their car insurance policy, lowering the premium and availing of some discounts too. The rise of online insurance brokers has helped the situation too, but much in the hands of the drivers themselves. Why Poor Terms Are Offered Young drivers are perhaps a victim of circumstance more than anything else. Insurance brokers have little reason to trust them, with survey results showing just how poor a large section of the age group is, using cellphones while driving, and sending and reading SMS messages. So, offering cheap car insurance to these drivers is almost impossible. Unfortunately, it is not until a driving record can be put together that a young driver can counter that claim. So, everyone starting out faces hefty premiums until experience has been gained. It is then that low premium auto insurance becomes a genuine possibility. Of course, it is important not to be involved in any accidents until then, and even to avoid small issues like speeding tickets. Insurance companies take any information relating to driving onboard when deciding on the car insurance premium year by year. Improving Policy Terms While young drivers are considered high risk by insurance companies, that is not to say that good deals are out of the question. In fact, if the right moves are made, the options are improved dramatically. They may not be considered cheap car insurance, but they are certainly less expensive. The areas of most influence are a proven history of safe and responsible driving, as well as a concern over vehicle security. The earlier these addresses, the sooner a young driver can access low premium auto insurance. The first step, therefore, is to make sure the car being driven is unlikely to be stolen. This means installing an alarm or immobilizer. Showing responsibility is done in several ways. Reducing mileage will lessen the risk, so only using the car when necessary is advised. Taking some extra driving courses to prove ability to also a good idea, while keeping a clean record is obviously a good thing, especially when they increase the cost of the car insurance premium. Securing Low Cost Car Insurance The Internet is the key to the best insurance deal, even a cheap car insurance policy that provides sufficient cover. Many cheap policies really just provide poor coverage, so the premium is low. That is why, even with the speed of the comparison sites, it is essential that the small print on any policy be understood. However, it may be necessary to compromise on the degree of coverage in order to secure the premium that is within budget. So, be realistic about the deal, taking into account the penalties and premium increases that may be introduced should a claims be made. Truly low premium auto insurance retain that status even after minor claims. And, of course, take time to check on the reputation of any insurance brokers before committing to any car insurance deal. So, consult the Better Business Bureau website first.