subject: Options For Getting Car Insurance For Young Drivers [print this page] It is a fact that car insurance for young drivers does not come cheap. Young drivers are considered more likely to be involved in an accident and this is why their premiums cost more. Car insurance is calculated according to the likeness of a person being involved in an accident and the cost that will accompany the accident. The other reason being is that young drivers have not built up a claims bonus showing their driving track record so to speak.
A way of seeking cheaper car insurance for young drivers is to compare quotes from different providers. The difference between quotes can often be hundreds of dollars. There are some companies who make provision for young drivers and people below the age of twenty-five.
The cars selling price as well as the maximum speed it can reach has a major influence on the cost of the insurance deal. When buying a car for the first time as a young person, consider a smaller model with no more modifications that then standard ones. This will help bring down the cost of insurance. Some insurers offer discounts for clients who take part in a driving course and complete it.
If there is no way to get around paying a large amount for premiums, there is a way of sustaining the premium by not making any accidents and not exceeding any speed limits that result in speeding fines. If no claims are submitted, one can build up a no claims bonus-earning discount on future car insurance premiums.
The best suitable policy for young drivers is comprehensive cover. It is the most expensive type, but it will cover the car and other vehicles in the event of an accident. Another option is third party, fire and theft insurance cover. This will cover a person who has an accident and the other person is injured. It also covers the damage to the car if damaged by fire and of course, if the car is stolen. This policy will be somewhat cheaper than comprehensive cover.
An alternative to car insurance for young drivers who drive the family car, are that they can be added to the policy their parents hold and they can be assigned as a named driver. This automatically covers them in the event of an accident. There are restrictions like those that the person may not be the person who drives the car most and they will also not be able to build a no claim bonus for themselves.
by: Lance Thorington
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