If you’re 18-24 years old, you might want to think twice before choosing your next car insurance policy. Because insurance companies charge higher premiums to young drivers, the cost of insuring your vehicle can be significantly more than it would be if you were older—or even another teen! With this in mind, here are 10 of the cheapest auto insurance quotes for young drivers like you who know what it’s like to get behind the wheel for the first time and drive off into the sunset (hopefully without crashing!).
1) Where to get an auto quote
You can get auto insurance quotes online, but you’ll want to print them out. Make sure you have your driver’s license, vehicle identification number (VIN), and information about your driving record available. Getting a quote online is convenient, but if you have a poor driving record or if you have multiple cars that need coverage, it might be best to visit an insurance agent. When you visit an insurance agent in person and ask for a quote, make sure they give it to you in writing.
2) Get Free Quotes
If you’re a young driver, one of your main challenges is going to be getting affordable auto insurance. The reason for that is simple: statistically speaking, young drivers are more likely to have accidents or tickets than older ones, which translates into higher premiums. However, you can save yourself from these exorbitant rates by obtaining multiple auto insurance quotes from different companies. This will give you an idea of what kind of rates you should expect when it comes to insuring your vehicle. To get started, simply enter your zip code and hit go! This will bring up a list of all insurance providers in your area.
3) What are the factors affecting your premium?
What are some of the key factors that affect your premium? If you’re a young driver, then obviously experience and number of accidents will have an impact on your premium. As will your vehicle; certain cars are more expensive to insure than others. And if you live in a high-risk area, then your premium will be higher too. It’s important to consider all these factors when choosing auto insurance quotes for young drivers. Who is your ideal customer?: Before searching for car insurance quotes, it’s worth taking time to identify who your ideal customer is. By doing so, you can tailor your search results accordingly—ensuring you only look at policies tailored to meet their needs. Are they a student looking for cheap car insurance or do they need full comprehensive cover? This step can help ensure you find cheap car insurance fast. You may also want to include other variables such as age and marital status into your search criteria.
4) How to get low cost auto insurance?
Buying auto insurance is a fact of life for most drivers. While everyone wants to save money, rates can vary widely from company to company, and it’s often hard to know how much you should be paying. The best way to make sure you’re getting a good deal is by using an online quote tool or comparing your rate against similar vehicles in your area. You could also consider bundling auto and home or renter’s insurance—many companies offer discount packages that can lower costs overall. Finally, look into whether your car qualifies for any special discounts. For example, if you have safety features like anti-lock brakes or airbags, some companies will give you a break on premiums. Or if you drive less than 5,000 miles per year (the national average), some insurers will cut your bill as well.
5) What’s covered in a car insurance policy?
You should think about what’s covered in your auto insurance policy as well as what isn’t. For example, some insurance companies do not cover certain makes and models of cars because they are stolen more often or cost more to repair. A few states may require you to buy uninsured motorist coverage if you get hit by a driver who doesn’t have car insurance. Other insurance companies might not be able to help you if your problem is with a rental car.
6) Should you go with comprehensive or third party property damage coverage?
Comprehensive and third party property damage coverages are optional protection. Each will pay to repair or replace your car in case of an accident, but only one is cheap enough that young drivers should consider it. Comprehensive coverage pays for physical damage to your car caused by anything other than a collision, like fire or hail. Third party property damage protects you if someone else hits you, but not if you hit them—both also come with collision coverage included.
7) Do I have uninsured/underinsured motorist coverage on my vehicle?
If you have a car, it’s crucial to have uninsured/underinsured motorist coverage. Uninsured motorist coverage compensates you if someone injures you or damages your property and they don’t have enough insurance to cover costs. Underinsured motorist coverage is for people who do not have enough auto insurance. This type of coverage protects you if an at-fault driver does not have sufficient insurance to pay for all of your losses and damages resulting from a car accident caused by that person.
8) When should I change my auto policy details?
If you’re one of many young drivers in America, it’s likely that you are searching for an affordable car insurance policy. Many different variables need to be considered when purchasing auto insurance, including what coverage you want and how much coverage you should have. Another thing to consider is when to switch auto policies. There are some basic guidelines that can help determine what time would be most opportune to switch your policy details. Below are 10 factors to consider when deciding whether or not it’s time to change your auto policy details.
#1: Your age: The older you get, typically, the more expensive your auto insurance will become. This means that if you’re still a teenager, you may want to wait until after you turn 25 before changing your policy details. However, if you don’t own a vehicle yet but plan on driving once you graduate from college, then it might make sense to start shopping around now so that once graduation comes around, all of your research has already been done. This way, as soon as your new job starts (or even before), all of your paperwork will be ready to go!
#2: Your credit score: Having good credit is important for any number of reasons, including being able to qualify for lower interest rates when buying a home or getting approved for certain jobs. But did you know that having good credit also makes it easier to get cheaper car insurance? Yes, it’s true! Having excellent credit generally results in lower premiums than having bad credit—which could mean hundreds of dollars saved each year on your premiums. So, if you’ve had problems with your credit in the past but have since worked hard to improve it, it might be worth looking into switching over to a new auto policy with better coverage at a better price.
#3: Your driving record: If you haven’t received any tickets or accidents recently, chances are that your current insurer isn’t charging you as much as they could be. And while there’s no shame in keeping things exactly as they are, there’s also no reason why you shouldn’t be taking advantage of other offers available to you. It doesn’t hurt to call up your current provider and see if they can match another company’s offer. After all, just because you currently have a clean record doesn’t mean that it won’t happen again!
#4: Your deductible: When you pay out-of-pocket for damage caused by an accident, your deductible is what determines how much money you will end up paying. For example, if your deductible is $500 and you cause $5,000 worth of damage to someone else’s property, then you will only have to pay $500 towards fixing their car. The higher your deductible, however, the less you will have to pay for repairs. In general, people who drive less expensive cars tend to opt for higher deductibles because their vehicles aren’t as valuable; conversely, those who drive luxury cars tend to choose lower deductibles because they don’t want to spend too much money out-of-pocket in case something happens. Ultimately, choosing a higher or lower deductible depends on how financially stable you are and how often you drive. A high deductible is great if you have a lot of extra cash lying around, but if you’re struggling to save for retirement or your next vacation, it might be best to stick with a low deductible.
#5: What kind of driver you are: Some people are reckless behind the wheel and others are extremely cautious. No matter which category you fall under, though, it’s probably safe to say that everyone drives differently. If you’re a safe driver, it might be worthwhile to switch to a policy that will reward you for your responsible behavior. The same goes for if you’re a risky driver. If you’re prone to speeding or running red lights, it might be in your best interest to find an insurance company that will charge you higher premiums because of your dangerous driving habits.
# 6: Your marital status: If you’re married, chances are that your spouse is on your auto policy as well. This is called a married couple discount and it’s essentially a small discount that you get for being married. On average, married couples can expect to pay around $100 less per year on auto insurance premiums. That might not seem like much, but when you consider how long you’ll be paying your premium for, it really adds up!
# 7: Your gender: If you’re a woman, chances are that your auto insurance will cost more than if you were a man. This is because statistically, women are more likely to get into car accidents than men. While it might be tempting to switch to a policy with a lower rate, it might not be worth it if you don’t have any other changes in your life that could affect your insurance.
# 8: Your driving record: If you’ve gotten into a few fender benders lately or have racked up several traffic violations, chances are that your auto insurance premiums will increase as a result. Even if you have a clean driving record, it might be worth checking to see if there are any other companies that will give you a better deal.
# 9: Your car: If you drive an expensive car, chances are that your auto insurance premiums will be higher than if you drove a less expensive one. This is because expensive cars tend to get into more accidents than cheap ones. If you can afford to drive a more expensive car, then it might be worth it to pay a little bit more for insurance.
# 10: Your credit history: If you have a good credit history, chances are that your auto insurance premiums will be lower than if you have a poor one. This is because companies view people with good credit as less of a risk than people with poor credit.
9) Common Myths about Auto Insurance Coverage
While you might think that your auto insurance is enough to cover any damages, many young drivers end up facing costly penalties. One of these common myths is that you’re required to have collision and comprehensive insurance. That’s simply not true; in most states, you only need liability coverage, which covers things like medical costs if someone gets hurt while in your car. It doesn’t cover damage done to your car or injuries sustained by yourself or passengers. So, if you don’t want to pay for collision and comprehensive coverage—which can cost hundreds per year—you don’t have to. Just be sure that you have enough liability coverage to protect yourself from lawsuits. (Check out our post on how much auto insurance do I need?)
10) Some Reminders About Your Auto Policy
If you are younger than 25 years old, getting auto insurance is a must. The key is to have adequate coverage while remaining on a budget. Here are some tips and reminders about your auto policy With an average of more than $3,000 in annual repair costs per vehicle, it’s important to keep your car protected with comprehensive and collision coverage. Comprehensive covers damages from events that aren’t related to traffic accidents, such as vandalism or theft. Collision covers damage caused by a traffic accident. Even if you’re not at fault in an accident—meaning another driver rear-ends you—your rates will still go up if your car needs repairs after an accident. Therefore, it’s crucial to carry enough liability coverage to protect yourself financially in case you cause an accident. Liability pays for injuries and property damage resulting from a crash. It also protects others against lawsuits stemming from crashes involving your car. While most states require drivers to carry at least $25,000 worth of liability protection, adding more can help protect yourself financially if you cause an accident that results in serious injuries or property damage.