New drivers often pay more for their auto insurance than more experienced drivers. Insurance companies consider new drivers to be inexperienced drivers are more likely to get into accidents. In fact, statistics show that the accident rate for new drivers is three times higher than the rates of more experienced drivers. To lower your new driver insurance costs, there are a number of things you can do to ensure you have a good student discount status.
Most insurance companies offer discounts for several factors. One is having a clean driving record. If you have not been involved in an accident or ticket for three years or less, most companies will offer you a discount. To get this kind of driver training, you must complete at least six months of driver training. To find out what companies offer good-driver discount, contact your agent or check with the Department of Motor Vehicles to verify if you are eligible.
Another thing that lowers your rates is joining a student driver program. Many major car insurance companies offer discounts for young drivers that maintain a six-month policy with them. In order to be considered for the six-month driver training program, you must have a clean record with no moving violations or DUIs. To learn more about this type of discount, call your agent.
There are also discounts for new drivers who enroll in a defensive driving course. Several auto insurance companies reward good students with cheap auto insurance rates. The better your grade standing is, the better chance your insurer has to offer you a discount. To find out what companies offer this discount, call your agent or visit the insurance company’s website. If you need further information, contact your local DMV office for further information.
Some major auto insurance companies offer young drivers a good student discount if they maintain a six-month policy with them. To qualify for this discount, your proof of acceptance into an approved school can lower your rate. To learn more about this, contact your agent or visit the insurance company’s website. If you need further information, contact your local DMV office for further information.
Before buying coverage for your new vehicle, be sure to shop around and gather as many quotes as you can. Comparison shopping will allow you to save money on your auto insurance rates for new drivers. This is especially true if you have a teen driver at home. Keep in mind that teens do not typically have driving records, thus they may be able to obtain cheaper insurance rates. To find out which companies offer lower rates for new drivers, contact your local DMV office.
A good student discount is also available from some insurance companies if you take driver training classes. Insurance companies realize that driving courses provide a student a better understanding of the rules of the road, and this reduces the likelihood of an inexperienced driver getting into an accident. Some companies even offer discounts if your child completes a driver training course with his or her parents. To learn more about this, contact your local DMV office. As a note, though, most good student discount companies only offer the discount if your child is attending a school that offers driver training.
There are several other factors involved in determining an individual’s auto insurance rates, such as whether or not you currently have homeowner’s or renter’s insurance and whether or not you’ve had any accidents or tickets. New drivers often qualify for a standard low-cost car insurance policy because their risk is deemed to be below that of older, more experienced drivers. For this reason, it’s important to remember to always read over your policy before taking it out. Many insurance companies offer special driver training discounts, so speak to your provider about them.