If you are a young person who has just managed to get his or her driver’s license, then you are going to want to make sure you are insured. At a young age, you are prone to taking unnecessary risk. The lion’s share of accidents involve young people and drunk people. And if there’s anything you don’t want to encounter in traffic, it’s a young, drunk person! But all jokes aside… young people are always going to have higher insurance premiums than older people. In most cases, your premiums come down as the years of driving without damage go up.
Cheap Car Insurance Quotes For New Drivers
The irony of the situation, is that young people don’t have much money. So naturally, you will want to try and find a way to save money on your insurance. You are going to have to compare insurance rates here and there if you want to be able to find the one that is the cheapest for you personally. All states require you to be insured. All car owners have insurance. Or at least… they should have! Insurance is a big business with much competition. Be glad about that, because competition can work miracles to drive prices down.
Because of all the economic turmoil that we are currently experiencing, getting cheap car insurance quotes for young drivers is pretty hard to do. Some people make the choice of not insuring their cars at all. This can save you money in the short run, but if you are going to be involved in an accident, you’re going to wish you had insurance after all. It’s also illegal to drive around without insurance, so I wouldn’t recommend it at all. If you get pulled over for no serious reason and the police officer checks your car’s registration and insurance, you will pay a hefty fine.
The cheapest kind of insurance policy out there, are the so called 20/40/10 policies. These will cover twenty-, forty- and 10-thousand dollars for medical bills and property damages. The first two numbers apply to medical bills. The last one applies to car damage. Keep in mind that this insurance only pays for other people’s damages caused by you. You, yourself get nothing from such a policy. If you are a young driver, it’s best to start out with a cheap old used car. It’s not so bad when an old car gets banged up. Also, your insurance will be lower for older cars.