Young, single drivers face some of the highest auto insurance rates due to inexperience and the statistical likelihood of a crash being higher. Fortunately, there are some ways that these drivers can reduce their insurance rates and save some money.
New drivers who’ve completed a registered driver training course can usually recoup the cost of the course in the first year, and subsequently save a significant amount of money. The good student discount applies to both high school and university students. Students will be required to present proof of the required average grade in order to qualify and must re-qualify each year.
Another area that can generate savings is vehicle choice. Cars that carry a strong safety rating as well as a lower incidence of theft are the best bet for a young single driver. Sports cars and SUVs already carry higher insurance rates and adding a young driver will also carry a premium increase. A used car may carry a lower value and thus may also come with a lower premium than the same car brand new. Smart shopping when choosing a car is the best way to ensure low rates. Read more