What’s A Good Price For Student Car Insurance?

By Sharon Gibson Posted in Car Insurance News



Buying auto insurance coverage for a student driver can be very costly. High school students and most college students are under the age of 25, and therefore fall into the most expensive age group to insure. Because young student drivers are inexperienced, they are more likely to be involved in traffic accidents, and are thus considered to be a high risk to insure by car insurance companies.

Young Drivers Can Be Added On To Their Parent’s Existing Insurance Policy

It is very common practice for parents to put their son or daughter on their own car insurance policy when they first start driving. By doing this the young driver will receive the same coverage as their parents and the additional cost added to the insurance policy’s premiums will most likely be less than if the young driver were to take out his or her own insurance policy. There are many factors that will affect how much adding a student driver to your insurance policy will increase the premiums, but expect the cost to raise on average by about 100  to 200 percent.

Student drivers who take out their own insurance policy can expect to pay more in premiums than if they were under their parents policy. Once again there are numerous factors that can change the premium amount on the insurance policy, but based on a national average a new teen driver will pay about 2.5 times the amount in insurance premiums than the base cost. This means that a typical student driver under the age of 25 will pay between $200 to $500 a month for insurance premiums on a policy with good coverage.

Take The Correct Measures To Reduce Insurance Cost

There are many things a student driver can do to reduce the cost of his or her auto insurance. Most major car insurance companies offer good-student discounts. So receiving good grades can reduce your insurance costs by as much as 15 percent. Also, being a safe driver and not receiving any traffic violations will help keep your premiums lower. Picking the right type of car, having good credit history, and living in a low-risk area will also all reduce the amount you pay.

Related posts:

  1. Does A Student Driver Need Car Insurance?
  2. How Does A Good Student Discount Work For Auto Insurance?
  3. How Much Is Car Insurance For An Underage 16 Year Old?
  4. Who Offers A Good Student Driver Discount?
  5. How Does Age Affect Car Insurance Quotes For Young Drivers?






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