New Drivers Can Save Money on Coverage With These Tips
If you are young and inexperienced in driving, then you must be looking for the best car insurance for new drivers under 25 years of age. This is one of the most expensive investments that you will ever make. Insurance companies are making a huge amount of money from the premiums paid by new drivers. In fact, they make more money from the monthly premiums than what they pay for medical insurance for drivers! So it is in the best interest of young drivers to get the best possible car insurance coverage for their age. Read on to find out some of the best discounts for new drivers.
One of the best discounts for new drivers is GEICO insurance review. If you have good credit history, then this discount becomes very beneficial for you. This means that you can save up to 15% on your monthly premiums. GEICO offers several other discounts as well, so it is in your best interest to check them all. You can compare the different quotes that you receive and find the best one for your specific situation.
Another great discount is offered by many car insurance companies for new drivers. In fact, some offer as much as a half of their initial monthly premium back if they have a good driving history with no speeding tickets or accidents. So make sure that you keep your driving record clean for the first few months that you are a new driver. This will help you build a good driving history and get a better rate as a result.
Some insurance companies also offer discounts if you agree to have an approved driver in your household. This can apply if both you and your spouse have a valid license. Most insurance premiums for new drivers are usually very high in order to cover the extra risk. So it makes sense to consider this option if you have someone willing to drive with you.
Of course, one of the best car insurance companies for young drivers under 25 years old is going to offer something special for those who have a good credit history. Many insurance companies offer discounts for people who have built up a good credit score. If you have not paid bills on time for the past couple of years, then you are going to be viewed very differently by many companies.
Car insurance companies also offer discounts if you belong to a homeowners insurance company. GEICO is probably the largest homeowner insurer in the United States, so it is not surprising that they offer discounts for new drivers. GEICO is one of the best auto insurance companies out there, so it is worth looking at their rates. But do not expect to pay much more than you would for a policy with another company. Many auto insurance companies offer discounts for homeowners, so GEICO probably has no reason not to offer discounts to new drivers as well.
Finally, a good grade means good grades. Many people do not have very good grades, so you are going to qualify for a number of discounts. Some companies offer discounts for students who have good grades. If your parents have good grades as well, then you may qualify for a discount as well. A combination of good grades and being an independent student with a low risk of quitting means that you are going to qualify for some fairly good discounts from most auto insurance review sites.
Overall, you are going to save a lot of money on your next automobile insurance policy if you can get a good student discount. Not only will you save money, but you are also helping out the economy by making it easier for people who need insurance to get their bills paid. Are you ready to take advantage of this? You can find out how to get a good student discount when you go online and read our full insurance review. You can also go online today and check out our cheap car insurance for new drivers guide.