It's no secret that drivers under the age of 25 pay some the highest auto insurance premiums of any driving group. A general lack of driving experience combined with higher accident rates means that most young drivers pay 3.5-times the amount in insurance premiums than drivers in their mid-thirties, according to ValuePenguin. Fortunately, there are several ways that young drivers can ease the burden of high insurance costs.
Maintain Good Grades
Being a star student in high school or college has its perks, especially when it comes to auto insurance. Most of the major names in auto insurance offer discounts for students who maintain good grades throughout their enrollment. Drivers who qualify for a good student discount can cut their auto insurance costs by 15 percent or more.
To qualify for this discount, you'll need to maintain a B average or above throughout your time in high school or college. There may be additional academic requirements needed to qualify for the discount, such as being on the honor roll or dean's list.
Take a Defensive Driving Course
Defensive driving courses are a great way for young drivers to become familiar with the ins and outs of driving a vehicle. A typical defensive driving course teaches young drivers not just the overall rules of the road, but also how to handle a broad range of driving situations safely and effectively.
In addition to helping them become safer drivers, a defensive driving course also gives young drivers an opportunity to lower their auto insurance rates. Most auto insurance providers offer significant discounts for those who have successfully completed a defensive driving course.
Drive an Older Vehicle
Although a brand-new vehicle comes with the latest driving aids and safety equipment, it can also come with relatively steep insurance costs. Settling for an older vehicle with excellent crash ratings and a solid safety track record can help lower insurance costs for young drivers. Driving an older, less expensive vehicle with lower repair costs also gives young drivers an opportunity to forgo optional collision and comprehensive coverage.
Stay Out of Trouble
Whether it's a speeding ticket or a preventable at-fault accident, getting into trouble on the open road can have consequences for a young driver's auto insurance rates. By maintaining a spotless driving record with no accidents or moving violations, young drivers can see their auto insurance rates drop with each passing year.
For more tips on how to make your auto insurance more affordable, talk to an insurance company like Woodmansee Insurance Inc.