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Tips on Purchasing Auto Insurance for Young Drivers

NewBuyer — Sun, 13 Dec 2009 21:30:53 +0000

An re-assuring look at how to find affordable auto insurance for young drivers. Learn how to use auto insurance online comparison tools and how to shop for discounts. An excerpt from the resource: “Most insurance companies and insurance websites provide an auto insurance online comparison tool that allows young drivers to compare quotes from several different auto insurance providers. Not only do these companies provide insurance quote comparisons, young drivers will be able to make sure that the policy they choose provides coverage that meets all of their needs.”

Source: Budgets are Sexy

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Cheap Car Insurance for Young Drivers

NewBuyer — Tue, 08 Dec 2009 15:28:55 +0000

A helpful look at getting the best rate possible on car insurance for your young driver. Learn the importance of using online comparison tools to study each provider’s young driver packages. Learn which factors are used in the calculation of a young driver’s insurance rate, including: gender, the car’s enhanced safety features, Defensive Driving Certificates, and more. See the importance of providing the insurance companies with as much information about the young driver as possible.

A fact from the resource: “The need to research different companies become essential as insurance quotes can vary by as much as 300% at times. The savings that can be made with some research will thus be in the region of hundreds of dollars.”

Source: The Living Business

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Young Drivers Insurance

Elizabeth Dennis — Wed, 18 Nov 2009 03:51:40 +0000

In addition to the standard factors used by auto insurance providers to calculate auto premiums and subsequent discounts (i.e. driving record, car type, mileage, theft prevention, etc.) the following are additional considerations applied to the young driver:

AGE Most insurance companies will consider young people to be in the high-risk category until they reach their mid-20′s.

GENDER Boys are statistically a higher insurance risk than girls. They drive more, drive faster, engage in reckless driving more often and are issued more DUI’s than their female peers.

SCHOOL GRADES Students on the honor-roll, dean’s list or the like qualify for a “Good Student Discount.” One major insurance provider offers up to a 15% discount for doing well in school.

DEFENSIVE DRIVING CERTIFICATES and ADVANCED DRIVING COURSES Young drivers and their parents will qualify for discounts if they participate in additional safety courses (including online courses).

CREDIT Young people will qualify for lower insurance premiums once they begin establishing (good) credit.

COMMUNITY WORK Being an active part of the community will help young drivers obtain additional discounts.

CAR SIZE Teens who drive compact or mid-size cars will pay lower premiums than those who drive sport cars or larger SUV’s.

DRIVING RECORD A consistently clean driving record is extremely important. Some insurance companies will give reduced rates after defined intervals of driving accident and infraction-free. One major auto insurer gives teens the opportunity to earn up to 5% off their premium for every six months without an accident. Similarly, traffic accidents will typically nullify all the discounts listed above.

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