17-year-old driver insurance- Ways to minimize the cost of premium
In the recent times, it has been observed that the cases of rash driving have increased. This happens because the young drivers and the teen drivers often do act as a risk factor while driving. Teenage drivers such as 17-year-old drivers are more attracted towards speed and therefore are more prone to accidents.
According to the statistics, one in five drivers meets with an accident in their first year of driving. The age group of 17-24 people is involved with an average of 26% road accidents. Soon after learning driving, all the teenagers are excited to hit the road, but prior to that you should have your car insurance. This article is especially for the 17 year old teenager drivers who all are looking for the ways to minimize the cost of a 17-year-old driver insurance policy in order to drive their own car safely.
Most of the university students who are under the age group of 17-25 are considered as financially dependent and thus are eligible for the household discounts. Many of the insurance companies offer good discounts for the students.
You can cut down the cost of your policy by increasing the deductible. The increase amount of deductible will eventually decrease the cost of the policy.
In order to minimize the cost, you should also drive safely, following all the driving rules. Even traffic infringement can increase the cost of the policy. You can restrict your mileage and consequently control your premium rates. Avoid driving during 11pm -5am and easily you can save up to 40% on your car insurance policy.
The 17 year old person should go through a driving course with good grades. There are many insurance companies which offer better rates on the basis of good results.
You should choose your car carefully in order to get cheap 17-year-old driver insurance. It has been seen that older car, and vehicles with safety measures offer less premium than the new cars. Do buy the security enhancements for your car, such as immobilizers to update your security measures.
Do not rely upon only one car insurance company. You should research online about all the companies offering you the cheap insurance policy and go for it.
The parents can also lower the cost of the insurance policy of 17-year-old driver insurance. There are cases where the parents do have the option where they can provide the 17-year old driver with their own policy. Parent’s policy generally enjoys more discounts that can influence on the cost of the policy. The teenage driver generally increases the cost of the premium. The parents can also add your name as a named driver along with an experienced driver. The idea is quite economical as 17-year old individual policy can cost much higher than adding the name with their parent’s policy. Survey says that the 17-year-old drivers do add approximately 50% to 100% on an average to the cost of the insurance policy. When a teenage driver is being added, it thus increases the cost of the policy to a considerable extent.
Author Bio: Sam Payn is an energetic blog writer who dedicates himself to writing attention-grabbing and informative articles and blogs on driver insurance and other forms of insurance products.
Share this:
Category: Car Insurance
