Reader’s Question:

Is there any way I can lower my car insurance? Im a 20 year old student.

Mickey

Fort Wayne, IN

It must have crossed your mind the significant gap between yours and your older sibling’s insurance rates. You may have wondered how could a younger person be made to pay more than a person who is working in a job that pays a lot. This can all be explained based on statistics. Accident histories over the years show a repeated trend among young drivers. In many accidents, the driver is likely to be young and likes to drive fast using a fast car. Because of this, insurance companies looked on young drivers as high risks. When you are categorized in the high risk level, premiums are really very expensive. That’s why you will have to pay more compared to your brother or sister.

While the general trend is that way, young drivers need not feel burdened by their coverage rates. There are ways in which fees can be lowered so that the young can enjoy affordable car insurance for young people like you. Some of these ways are easy and do not require the person to do much. What the young driver should do is to enroll in a defensive driving course that help him avoid accidents by improving his skills. A new driver would really need this to feel more confident being on the road. This also teaches young drivers how to be responsible while behind the wheel. After obtaining your certificate for this course, give your insurer a call to inform them of your progress. They would be happy to hear of this. The next time your premium is calculate, you can be sure about getting a lower rate. There’s also an additional way to get a cheap car insurance. That’s by getting at a B average in school. You may not realize it but those grades can let you save a few hundreds! If you haven’t gotten that grade yet, strive harder and devote more time on studying.