Car Insurance for Young Drivers

Car insurance for young people is expensive and there is really no way around it. It is possible for a younger person to find cheaper car insurance, but car insurance for young people will never be as ‘cheap’ as a 30 year old married woman with three kids and a clean driving record. There are many factors that impact car insurance for young people that lead to its high cost. Let’s look at a few of the factors that cause car insurance for young people to be so pricey. Age – No way around this one, the younger you are, the more you will pay. Driving record – The more accidents and speeding tickets you have, the more you will pay. Speeding tickets usually only stay on your driver record for three years and collisions usually stay for seven years. The cleaner your driving record is, the cheaper your car insurance will be. If you are a new driver, well, there’s not much that can be done about your driving record – car insurance companies consider no driving record to be equal to a bad driving record in most cases. Marital status – Yes, it is true – being married lowers your car insurance for young people rates. It has been statistically proven that married people are better drivers, with better driving records and practices. Insurance record - car insurance for young people shows that there is often little or no insurance record. For automobile insurance companies, this is a wavering factor. They have no idea how you will be as an insured driver with them – will you make a lot of claims, have a lot of accidents, get many speeding tickets? Of course, they will take your driver record into consideration, but the more time you have as a clean insured driver the better off you are. If you have made claims on your vehicle insurance in the past, your car insurance for young people rates will be higher again still. Gender – Yes, once again, your gender will impact your car insurance rates. Males pay more for car insurance than women do. Again, statistics show that women are better drivers – have better driving records and are less likely to do any stunt driving. Males tend to ‘show off’ to their friends more often, which cause more accidents, and thusly, worse driving habits and records for males.