If you don't know what you are doing, chances are that you are overpaying for your young drivers insurance policy. Teenagers and other young adults typically pay among the highest insurance premiums among all groups of drivers. Luckily it doesn't have to stay this way. By following my step by step plan, I can almost 100% guarantee you that you will be paying the lowest possible rate for your auto insurance policy.
Step By Step Plan For Finding The Cheapest Young Drivers Insurance Policy:
Step #1: Block out about 30 minutes of time. In the past, finding the most affordable car insurance policy meant that you either spent hours driving from one insurance office to the next, or spent hours on the phone talking with one insurance agent after another. Fortunately, the internet has totally changed the game. Now, you can drastically cut down the research time to a fraction of what it used to be. So for a task that could save you hundreds of dollars per year, you just need to block out 30 minutes of your time.
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Step #2: Open up any word processing program (like Notepad or Word) and type out all of the critical details about you and the vehicle that you plan to insure. Info about yourself would include: full name, address, phone number, social security number, etc. Info about your vehicle would include: make, model, year, VIN, mileage, etc. Why is this step important? Later down in the plan, you will need to be able to fill out online applications quickly. Instead of having to re-type out your information, you'll be able to speed up the process by copying and pasting your info instead.
Step #3: Type out all possible discounts. Young drivers insurance is so expensive because historically, younger drivers tend to get into more car accidents (which cost the insurance company money). However, if you can prove to the auto insurance company that you are more responsible than the average young driver, they will gladly give you discounts on your insurance policy. Things that could qualify you for a price reduction:
- getting good grades in school (usually just maintaining a B average will qualify you for a discount)
- passing a driver's education course (this is something ALL younger drivers should do anyway and can usually get you a 10-15% premium discount right away - if you haven't taken a driver's ed course, you should definitely investigate the opportunity - the savings in auto insurance discounts should more than make up for the price of the course).
- any additional safety features that your vehicle has (ie. automatic seat belts, side airbags, etc).
- any additional anti-theft options that your vehicle has (ie. car alarm, "Lo-Jack" system, etc).
Step #4: Go online and find auto insurance quote providers. Generally, these are NOT the insurance companies themselves. Instead these are companies that have relationships with multiple auto insurance companies. This step is incredibly important to finding the cheapest young drivers insurance because it will greatly reduce the time involved on your part. Instead of having to visit the auto insurance sites individually, you can go to some of the insurance quote providers, copy and paste your critical information, and have a list of 3-10 personalized quotes within a few minutes. The best part is that it cost you NOTHING to get these quotes.
But don't just stop with one of these insurance quote providers. Different providers have relationships with different auto insurance companies. So try and visit 2-3 insurance quote providers in order to get the widest selection of insurance policy quotes for your specific situation.
Step #5: Review all of your insurance quotes and pick the best one. This is generally the cheapest quotes, however, some insurance companies give additional benefits and coverages to their clients at no extra cost. So be sure to review all of the quotes carefully.
Step #6: Switch your auto insurance policy. Chances are that if you followed all of the previous steps, you will have at least a handful of insurance quotes that are a much better financial choice than the young drivers insurance that you currently have. Besides being able to find better car insurance quickly, the internet has also made signing up and/or switching insurance policies much easier as well. In most cases, you never have to talk to an insurance agent at all. You can cancel your old policy, pay for your new policy, and print out all of the necessary insurance documents right from the comfort of your computer.
By following my step by step plan, you no longer have to pay high monthly payments on an expensive young drivers insurance policy. If you have 30 minutes, a computer, and internet access, you can almost guarantee yourself the possibility of finding the best car insurance policy possible.
Young Drivers Insurance