Getting cheap insurance policy is strongly influenced by the demographics of those who would want to land one. As for the case of students, getting cheap policies would be a far flung goal that would require both discipline and diligence in the part of the students and the students’ guardians. Students are always on the rush to drive their very own car. This strong “drive to drive” can be attributed to factors such as media exposure and sign of maturity. The media provides enough self projection for student drivers such as through car race shows. Driving is also one of the students’ benchmark of being a grown up.
This strong “drive to drive” can make willingness to recklessness which may result to accidents that can fully impair students and their guardians financially at the least. Because of this fact, car insurance companies see students as riskier investments as compared to regular policy holders. Students belong to the riskier part of the risk pooling assessment of companies; this makes them bear higher premium rates as compared to others with regular policies. Getting cheap policies for students is even considered as a wild dream in the insurance business; but nonetheless it is not impossible.
Guardians of student drivers can consider some factors in the determination of the students’ premium rates to be able to find a way to get cheaper policy rates. Making student drivers pay, enrolling student drivers to defensive driving lessons, insuring their academic excellence and getting less risky car models are some sure fire ways of decreasing the premium rate of student drivers.
Student drivers’ guardians can opt to make them pay at least a part of the total premium rate of their policy. This move can make student drivers more liable for their actions; this can also make them realize the possible setbacks of their actions. In line with liability, student drivers can easily get policy discounts if they are academically excellent. Policy companies see that academically excellent policy holders are less risky as compared to those who are having academic troubles.
Student drivers can also opt to enroll to defensive driving lessons to expand their knowledge regarding effective defensive driving. Those who have records of being enrolled in such lessons are deemed to be less company risks which will translate to lower rates. It is also in the interest of student drivers to drive less risky models of cars. Driving riskier cars such as sports and two door cars will automatically increase the over head premium rate of student drivers.