How to Find Cheap Car Insurance Rates for New Drivers

Adding a new and young driver to your auto policy does not have to mean skyrocketing insurance premiums.  Though age does signal inexperience to most insurance carriers, there are still some things that the savvy consumer can do to reduce increases.  Keep some basic techniques in mind when selecting an insurance carrier.

Youth signals inexperience to insurance companies.  If you have a young driver on your insurance policy, you will probably feel the effect in your pocketbook.  Though experience can only change with time, there are still some ways you can save on your premium, even with a young driver.  

• Consider the vehicle being insured.  As a young driver, a sports car probably isn’t a good driving choice.  Since the age of the driver cannot be adjusted, the variable is the car being driven.  When selecting a vehicle as a young driver, consider reliability, purchase price, and insurance premiums.  Talk with your insurance agent about vehicle types that can help keep your premium low. 


• Consider your coverage needs.  Purchasing an older vehicle as a young driver will help keep your premium lower, as you can then consider waving comprehensive and collision coverage.  Though not ideal, if premium affordability is an issue, consider carrying only liability insurance to keep the premium low as possible.


• Ask about good student discounts.  Showing proof of good grades can show insurance companies that a young driver is able to prioritize and achieve responsible goals.  Many insurance carriers will discount the insurance premium in return.  


• Enroll in a driving course.  Talk with your insurance agent about the types of driving courses that will impact your insurance premium.  Defensive driving courses typically have the greatest impact at reducing your overall insurance premium.  Once you have completed the driving course, provide proof of successful completion to your insurance agent.


• Ask about multi policy discounts.  Adding life, home, and other vehicles to your policy can help in reducing premiums for each insurance policy.  Keep in mind as you select your insurance company, larger insurance carriers will have more insurance product offerings than smaller ones.