First and foremost, unfortunately, there is no such thing as a cheap insurance for young adults. Why, you may ask? Well, the answer is more than logical. Usually, young adults cost more to insure than the rest of the population for two logical reasons.
- They are young. Say you represent an insurance company. As such, young and inexperienced drivers are a bigger liability and more distracted. I am not talking rubbish here, the statistics are here to prove it.
- They are inexperienced. As I have already said, many young adults are easily distracted as they simply don’t have the necessary experience. Usually, they are talking on their phones and what not. And they might be playing a very dangerous game here.
Super cheap auto insurance for young adults is a myth
So, you are an insurance company representative and when you are weighing risks for new drivers, there are tons of factors which will ultimately decide what insurance rate will be.
If you would believe U.S. Center for Disease Control and Prevention (CDC), vehicle accidents are one of the leading causes of death among young Americans 15-21 years of age. Moreover, young drivers are involved in four times more accidents than any other age group. Why? Because they are young and inexperienced (say, I will repeat it because it is important), also they are driving under the influence, texting, speeding, etc.
How to choose the best auto insurance for young adults?
The first thing you should is to go online and get detailed and fully transparent quotes from a dozen or so auto insurance companies. Due to the sake of their business, every auto insurance company will publish their prices and policies.
Second, the right car insurance policy depends on few factors such as the price, how much coverage do you want or need, or what else is available in your local state. If you look online, you may find some of these car insurance companies:
Some time ago, Esurance was bought by Allstate Insurance company. Esurance was very well known because they were offering low online quotes. Moreover, to get an online quote, you will literally need to call a toll-free 24/7 customer service line. They also have a handy online dashboard which makes it easy for you to manage your insurance policies.
You can buy tons of insurance products such as Pac-12 school, emergency road assistance, various discounts if you are a good driver, have good grades and more. You can visit their website here.
If you were asking around the vast internet, I am sure you came across StateFarm, as I believe they are one of the most recognizable brands in the insurance market.As Esurance, State Farm offers various discounts depending on the driver. You might be eligible for a discount if you get good grades, multiple cars, normal driving habits (no speeding tickets or violations). State Farm also offers for drivers to take their Steer Clear course and if you pass it, you receive even bigger discounts.
Moreover, you can check how big or small your premium might be online, but that is only an online quote and it should not be taken for granted. You can check their website here.
GEICO has probably got the funniest commercial there is as it is featuring their awesome Geico Gecko. As with other car companies, you can use their online tool to get an estimated quote for you next insurance rate. Moreover, they have even implemented a strategy of real world offline agents who can you visit and they will give you a more accurate quote. You can also email, call them or even ask them over Twitter. How cool is that?If you have the following equipment; air bags, anti-lock brakes, daytime running lights and anti-theft device you might qualify for a discount.
You can also receive a discount if you have been accident-free for five years or more. And as with other companies, young drivers can receive discounts for good grades, good driving habits, etc. You can check their website here.
Last but not least, we have Liberty Mutual. Actually, they have been voted for having 2nd best insurance agents and customer service in the insurance industry. You should put them at a high spot if you are considering them because of accident forgiveness (your insurance rate won’t go up after one claim) and new car replacement. Yes, a new car.That policy is valid if you purchase a brand new car and crash it within the first year, Liberty Mutual ensures you that if you crash your car, you can buy the same car again. You can check them out here.
Cheaper car insurance for new drivers – tips
Obtaining a cheaper car insurance, especially if you are young driver can be a bit tough. In an endless sea of vast information, I am your friend. Yo should do the following:
Take driver’s education course
It has been statistically proven that education courses raise your safety awareness and improve driving skills by a high margin. Because of that, most insurance companies will offer you a discount if you complete that type of course. For example, StateFarm has even Steer Clear course and if you pass it, you get a significant discount.
Get good grades
Again, most insurance companies provide a nice discount if you get good grades since certain studies show that students who get good grades tend to be more responsible drivers.
Choose your care very carefully
Great, you got your driver’s license and you are ready to purchase your first car. I know you must be tempted to buy a brand new, pimped BMW with 400 horsepower, but is it really necessary? Of course not. That does not mean you should buy a $500 car either, but you should find a happy medium between the two extremes.
If you are using one of these proven strategies and driving as safe as possible, you’ll be taking the full advantage of every insurance company there is.
In the end, you should choose an auto insurance that is tailored to you, choose a company that is fully transparent and has a good record of doing business.
We love to hear your opinion. What do you think?