Cheap Young Drivers Insurance – Finding Less Expensive Insurance

Cheap young drivers insurance is very hard to find. Since drivers between the ages of 17 and 25 are considered to be high risk, insurance companies will raise the premiums extremely high. It is all due to the statistics involved with younger drivers, which the insurers use to arrive at the premiums they will charge. The statistics make finding cheap young drivers insurance difficult because they show very clearly that insuring young people is very likely to cost the companies more in claims and payouts.

Young People – Driving Statistics

The reason it is difficult to find cheap young drivers insurance is all due to the known facts about teenagers and new drivers in particular. Here are some facts about younger drivers:

Drivers between 17 and 25 account for about one third of all the road fatalities in the UK.

One in every five new drivers will have an accident during their first year of driving.

Young people have more incidents with their vehicles in the early morning or in the evening hours and these are usually single vehicle accidents.

Seventeen to twenty one year olds make up 7 per cent of the holders of drivers licenses, but account for thirteen percent of the drivers who are involved in accidents that lead to serious injuries.

Youngsters are frequently involved in accidents where excessive speed is a major factor in the cause of the accident.

Peer pressure from friends, alcohol, and fatigue are other contributing factors which frequently feature in accidents involving younger drivers.

Ways to Lower Young Drivers Car Insurance

The good news is that there are a few things you can do that will help to make your car insurance a little cheaper. Follow this advice to bring down the cost of premiums and get relatively cheap young drivers insurance.

Buy a small engine car to begin with, because the smaller the engine the cheaper your insurance will be. It is important to stay away from high performance and fast vehicles, as these will always present a higher risk and therefore cost more to insure. So stick to smaller vehicles and this will make a significant difference.

Buy a reasonably low priced and second hand vehicle for your first car if you are a young person as the lower the value of the car the less it will cost in premiums. Remember to keep the engine small and look at the insurance group of the car you are interested in. Always check the engine size and contact the insurance company for a quote before actually going ahead and purchasing the vehicle. The slightest difference in the motor can make a big difference in your insurance premium. By getting quotes before buying the car you could save a lot of money in insurance costs.

Pass Plus Discount Will Save You Money

It is a good idea for all young drivers to consider taking the Pass Plus training programme. Most of the insurance companies will offer a twenty percent discount to all young people who have passed this programme, so that can be a significant step towards finding cheap young drivers insurance. The Pass Plus programme consists of six lessons in which the instructor will assess your driving skills throughout the course. There will be not test at the end of the programme.

Internet companies will often offer a 10 per cent discount to help you get cheap young drivers insurance also, so shop around on the internet for good companies. There are ways to reduce your insurance if you are a new driver.

What Influences Your Car Insurance Premiums?

It is a given fact that knowing the details is certainly advantageous for individuals who are entering into different types of transactions. This is also the case when it comes to car insurance. Since the amount of premiums significantly affect the cash flows of policyholders, identifying the factors that affect car insurance premiums is absolutely useful in decision making.

Car insurance premiums are affected by inherent characteristics that policyholders cannot totally adjust according to their preferences. This includes the age, gender and marital status of the policyholders. Insurance companies maintain varying premium differentials that are appropriate to these groups according to various studies that were conducted. As per the age factor, drivers who are younger than twenty five years old and above sixty years old are revealed to be more susceptible to vehicular accidents. As a result, insurance premium rates for individuals in these age groups are typically higher.

When it comes to gender, women are considered to be statistically careful drivers compared to men. This is the reason why female policyholders shell out less premium expense compared to the male ones. Individuals who are married also are given lower premium quotes as compared to single individuals.

There are also factors that are entirely controllable and can be the result of the actions and decisions of the policyholders. This includes the type of vehicle, driving style and record, credit rating, professional responsibilities, profession, mileage counts and car safety features.

Insurance companies tend to increase the premium rates for high-end automobiles that are categorized as high-performance, sports cars, rear-engine models and intermediate performance. It can be formulated that more expensive cars commands higher insurance premiums. This is due to the fact that these car types have more expensive spare parts and is more susceptible to theft.

Driving styles and record also play an important role in car insurance premiums. Insurance companies investigate and examine the driving profiles of their policyholders in order to correspond with the insurance premium offers. People who have traffic violations and accidents in their driving records tend to have higher premiums. Credit rating also has an impact to the amount of car insurance premiums. Insurance assumes that individuals who do not possess good credit rating are financially negligent and this can be manifested in their driving style as well.

The profession of the policyholder also has an effect in the insurance premium rate. Statistically, there has been an observed correlation between risk and occupation of policyholders. If the occupation requires long distance travel or travel in accident-prone locations, the premium rate charges are higher. Premium rates are cheaper for policyholders who work in the office or urban institutions.

Low annual miles driven by the policyholders also reduce the probability of being in a vehicular collision which in turn, results to lower premiums. Vehicles which are intended for business purposes also have lower insurance rates as compared to vehicles that are operated for commuting purposes.

Lastly, car features can also have influence in the rate of the insurance premiums. A vehicle which has safety features and theft prevention gadgets installed in it also cuts the insurance premiums. These features include airbags, anti-lock brakes, chassis quality, tracking devices and burglar alarms.

Getting Cheap Auto Insurance

Auto insurance is an important decision in everyone’s life. Initially when it was not mandatory, then most people were worried as to whether to take auto insurance or not. However now the question has changed a bit and now people are confused from where to get cheap auto insurance. Obviously insurance is a long term commitment and a financial burden of sorts therefore people prefer cheap auto insurance. However auto insurance should not be considered as a burden but a wise investment. By getting your car insured you are shielding it against any risk. Also you shield yourself against any financial liability which you would have to incur in the event of an accident. Therefore insurance whether it is a cheap auto insurance or a complicated one should always be considered at the time of buying a car. Once you have made up your mind to take insurance then the choice for the same is unlimited.

The next step would be to look for ways to get cheap insurance. Insurance is a booming sector and there are many players in the market so you shouldn’t worry to find cheap insurance. Since there is a cut throat competition there are many people offering competitive rates. SO your cheap auto insurance search should begin with your telephone directory. In order to get a quote you can just call companies which are listed in it and you might be lucky to find some company which fit your requirement and your budget to the tee. However since insurance is a huge responsibility any random company can be a jackpot sometimes. If you want to play safe then you can consult your friends or relatives while choosing a company. Their experience will be your best guide in zeroing down on a company. You go with their company if they are happy with the service or you can totally leave that company out in case of any bad mouthing.

If the above two options are not very convincing for you to get a cheap auto insurance then you can always go online to get a quote. Since internet is like a ready market, there are various companies online which provide cheap auto insurance. Since these companies have less of administrative cost and other cost they can actually pass the benefit to the customer. All you have to do is keying the word cheap insurance and there you will find hundreds of company giving you what you need. Obviously internet is not a personal affair since you don’t even see the company; you need to do a lot of company before deciding on the same. You can find all the information of the company from people’s blogs. Also credit rating given to the company will also be helpful. Once the credibility of the company is known then only you should go ahead to take any insurance from that company.

However cheap auto insurance can be tricky at times. Many a times companies in order to attract customer with cheap auto insurance deals have many conditions applied to the policy. Therefore if ever you are convinced with a particular cheap auto insurance you should not just jump on to it but you should read the entire quote properly with all the terms and conditions. If you are cautious both at the time of selecting the company and at the time of deciding on a policy then they are hardly chances where you will be misguided. Remember insurance is not a lengthy boring procedure. It can be done in a jiffy with some planning and some research. Also the more research you do the more chances of you to get the best possible insurance. So what are you waiting get your car insured with the best of deals and have a peaceful mind.

Cheap Auto Insurance in New Jersey – Secret Tips!

You can get cheap auto insurance in New Jersey without putting much effort. As a New Jersey resident, you have total control on how much you are willing to pay for your auto insurance. The most important thing is know how you can get cheap auto insurance in New Jersey. Although this process is simple, many do not know the secrets behind this process.

First of all, ask for discounts from your insurance company. There are various types of discounts offered by insurance companies and you are sure to find something that suits your needs. If you are a teenager, get good grades in school to get the discounts offered for good students. If you have a vehicle which is equipped with safety and anti-theft features like airbags and anti-lock brakes, you are also eligible for discounts on your premiums. You can also get cheap auto insurance in New Jersey by insuring multiple vehicles under a single policy.

For your information, the amount of your deductible and premium is actually related to each other. If you opt to get higher deductible, you will automatically get lower premiums. You can choose to take up higher deductible for your collision and comprehensive coverage, and also your personal injury protection coverage. However, if you own vehicles that are completely paid for, consider dropping your collision and comprehensive coverage to get cheap auto insurance in New Jersey.

Check whether you have a separate health insurance. If you have one, ask your health insurance company whether you can list it as your primary care in the event that you are involved and injured in a car accident. This method can help you get cheap auto insurance in New Jersey too because it can help lower your rates.

Besides that, put a limit to your lawsuit options. If you choose take up only personal liability lawsuit options for serious bodily injury and death cases, rather than lawsuit options for all bruised elbow and knee cases, you will get cheap auto insurance in New Jersey much easier.