Betty

Dallas TX

According to statistics, young drivers at the age of 16-20 get into accidents more often than drivers between the ages of 30 to 60. This is why insurance premium for this age group costs so high. However, there are available discounts that can cut down the high cost. Here are some suggestions and make it a guide in order to lower young driver auto insurance cost.

1. Increase your deductible and it will decrease your insurance premiums. But be sure it won’t be too high that you can’t handle the cost that will come out of your own pocket.

2. Enroll in a driving school. It’ll make you a better driver and it will reduce your insurance premiums.

3. Install safety devices such as car alarms, seat belt and airbags. Notify your insurance agent to avail discount.

4. Look for average/cheap cars. Ignore that big type of vehicle, as a rule of thumb, bigger or more expensive cars equals high insurance cost.

5. Get good grades; it’s proven that if you’re good at school, chances are you’re a responsible person.

6. If you still live with your parents, register the car under your parents’ name and get into their auto insurance policy.

7. Having a good credit background can lower your insurance cost too. If you can pay bills on time, your insurer will mark you as a low risk when it comes to paying premiums.

8. Shop online. Get a minimum of three insurance quotes before jumping into a deal.

Ann

Dallas, Texas

Great Question,
There are also many independent insurance companies available to purchase car insurance for an antique car. These companies tend to specialize in antique auto insurance and will not insure any other types of cars. Some of these independent insurance companies will only insure a particular type of antique car, so if the car you are attempting to insure is a rare one, if may be difficult to find an insurance provider that will insure it. When choosing an independent insurance company to provide car insurance for an antique car, be sure that the company is a reputable one. You do not want to find that after months of paying the insurance premiums that the company will not or is unable to pay your insurance claim.

Finding auto insurance for an antique car can be a lengthy and frustrating process, but the benefits of having insurance for the car far outweighs the initial hassle of finding the insurance. Many antique cars are worth many thousands of dollars and that is a big loss if the car is ever stolen or totaled. Having car insurance for an antique car may be the most valuable insurance that you ever purchase

 Will my job effect how much I pay for my insurance premiums?

Doug,

Garland, TX.

Doug,

You will be able to use your good driving record to your advantage due to your status as a “good driver.” There’s a discount available for people with an engineering or science degree; specifically, most insurance companies offer a teacher discount because teachers are rated as “above average drivers” by the Auto Insurance companies.

 At least one insurance company maintains that there is a direct relationship between what you do for a living and your risk of being in a car accident. Therefore, a scientist will pay the least amount of money and owners of businesses will pay the most. Not only does job type determine the cost of your insurance premium, geographic location, driving record, claims history, credit history, gender, age and car make and model also determine the cost of your premium. Therefore, if you are a teacher, you are in luck. The reasons for this are justified with statistical evidence.

Excellent Question.