subject: Finding Cheap Auto Insurance For Young Drivers [print this page] Many people are on the lookout for cheap car insurance. Most young drivers are generally in their late teens or early twenties. Their affordability is really low and hence the search for economical but optimum car insurance. Today's technology now ensures that most companies display their prices online and a comparison of these quotes is easily available.
Some insurance firms specialize in giving insurance to young drivers over 19. Their terms are usually a one year no claim bonus. One of the clauses refers to the Loss Damage Waiver which will protect you against damages to your vehicle. Yet this should be opted for only if you do not have any other insured vehicle.
It is advisable to push up deductibles as this gives you better discounts. It is possible to keep losses in the low bracket in most cases. A young driver is 8 times more prone to get involved in an accident than regular drivers according to the general research data. Some insurance companies in some countries are asking for a speed detection device to be fit in a car. This warning works to intimate insurance companies that the driver is rash driving and the insurance firms are able to send warnings to the drivers. If the driver has been found speeding on more than three occasions then their low cost insurance quote is revoked.
Cheap car insurance can work out only in co-operation with the companies as well as the teenaged drivers. Teenagers can avail huge discounts if they take additional driving classes even after getting a drivers license. For youngsters who find it difficult to make lump-sum premium payments, companies are also known to work out a monthly installment plan to help them with their premiums. There are many ways of landing cheap car insurance deals. One option would be to raise the deductibles that are paid. Remember that car models also dictate insurance rates. So opt for one that can help you with a decent insurance deal.
You can also avail car insurance in combination with other insurance like health or homeowners etc. Check out companies with discount offers. Online comparison of companies and rates is also abundantly available.
by: John Ronn.
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