Car Insurance For Young Drivers – Tips to Lower Your Premiums
The average car insurance for 21-year-old males is $2,916. This is much higher than the national average of just $1,023. Why so much higher?
Statistically, young drivers are more likely to get into accidents than those who are actually older, and while your premiums may go down once you reach your mid-20’s, they will still usually be higher than if you were in your 20s or early 40s. This is not a hard and fast rule, it simply means that statistically it happens more often with younger people. So what can you do to avoid this? One thing you can do is to ensure you have a clean driving record. If you have three or fewer accidents or tickets, you can be assured that full coverage car insurance for 21-year-olds will probably be cheaper.
What does a clean driving record mean? It means that you have not been to jail, and if you have been, it has been for a couple of years. It also means that you have not been ordered to take any driver’s education classes. Your credit score does not have anything to do with your insurance rates. There is no need for you to have perfect credit, perfect income, or great driving records. All you need is to convince the insurance company that you are a safe driver who takes good financial decisions.
If you have not been in an accident for a couple of years and have a clean record, there are other ways you can lower your car insurance rates. You can get a good student discount. Students who keep their grades high receive many discounts on car insurance premiums. Good student discount policies vary from company to company, but most offer some type of good student discount if a student is enrolled full time in an accredited school. There are also good student discount policies if the student is also attending college full time.
As a 21 year-old male, you may qualify for a lower rate if you use your car less. This does not mean you should drive less, it just means that you should have minimal driving skills. It is a myth that you can drive and have no driving skills. You can have moderate to light driving skills, but that does not mean you can drive without proper coverage. Minimum coverage is required by law and it protects you financially in case you cause an accident.
It is important that you do not develop any driving skills while you are still young. You do not want to learn all of the wrong rules to drive and then not be able to apply them later. If you develop driving skills while you are young, you can work towards having more skill as you age. This can help reduce your car insurance rates for younger drivers with adequate car insurance coverage.
Many companies offer student discounts for 21-year-olds. If you have a high school diploma or if you have another diploma, you can usually get a good student discount. If you are a senior citizen, you can usually get additional student discounts for your age. These discounts usually apply to driver’s education courses or to other advanced driving courses.
If you do not have good credit, you can still get affordable car insurance for young drivers. You can improve your credit rating by getting a high credit score. If you have a co-signer, you can get a good student discount and save money on your car insurance premiums. Keep in mind that young drivers car insurance rates are going to be higher than for older drivers.