Drivers between the ages of 16 and 24 struggle with higher car insurance premiums than any other age group. This is because (as a whole) young drivers are statistically the highest risk to insure, with young males being the riskiest group of all. This does not mean that all young males are bad drivers; it simply means that young males have more accidents than any other group.

Because of this stigma, young people often find it difficult to find affordable car insurance. An 18-year-old male getting his own auto insurance can expect to pay as much as twice what his 25-year-old brother will pay, even if they drive the same car and have the same driving record. This may not be true in every case, but most companies charge a high premium to insure drivers under 25 and the highest premiums are for drivers under 21.

How can I find affordable car insurance for young drivers?

There are things young drivers can do to bring car insurance costs down – besides get older, of course. One thing young drivers can do immediately to enjoy lower insurance premiums is to keep their grades up in school. Honor roll students or students with a 3.0 GPA + are statistically a much lower risk to insure than students with poor grades or drop outs, so almost every car insurance company has some type of “good grades” program for student drivers. These discounts usually apply all the way up to the age of 25, when a young person’s premiums naturally fall to more reasonable levels. Most companies require some type of quarter or semester report to verify the student is maintaining a good average.

Another thing young drivers can do is take a driver’s education and/or defensive driving class. Completion of these safety courses often brings a ten or fifteen percent discount on insurance premiums. Defensive driving class may add another ten percent discount, for a total of 25 percent off the total price of insurance. If you are paying $1,000 every six months to renew your policy, you could save as much as $250 just by taking these two classes, making this option well worth any charge for the class.

Of course, keeping a clean driving record is the most important thing you can do if you want your car insurance premiums to stay low. While young drivers may be forced to pay higher premiums, one speeding ticket can easily escalate your car insurance premiums to the point where riding a bike is your only affordable option. While some companies offer “forgiveness” for a single accident or speeding ticket, it is best not to press your luck in the first place if possible. Drive the speed limit, drive defensively, obey traffic signals and signs, and you will be doing your part to keep your auto insurance premiums down.

What’s the best way to buy a car insurance policy as a young driver?

An 18-year-old getting insurance on his own is going to pay far more than an 18-year-old living and home and being added to his parent’s policy. If your parents or other family members will allow you to be part of their household and carry your insurance for a few years (even if you pay the premiums yourself) you could be saving yourself thousands of dollars. Of course, not every teen has this option, but if you can remain on your parent’s policy – for example, while at college – you will make your auto insurance far more affordable.

Teens should also be very careful when choosing a vehicle. Sports cars, sporty trucks, and expensive vehicles may be nice to drive, but they carry hefty insurance premiums. A small to mid-sized sedan with prevalent safety features will be the cheapest car to insure, so save the sports car until you reach 25.

Some companies slowly lower your premiums every year as you age until you turn 25, so find out if your company uses this method. In this way, you can expect lower premiums each year until you reach a plateau at around age 25.

As a young driver you need to compare car insurance quotes as premiums can vary up to $500 or more simply depending on what company you speak with. This is also a good time for you to learn how car insurance workers, the different types of coverage and how much insurance you really need. Think of it as your first real life lesson paying, do some research and make your parents proud.