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Student Car Insurance – Does it really need to be Expensive?


Many young drivers and their parents would attest to the high cost of insuring teen motorists. Most insurance providers charge students higher premiums because of their lack of driving experience. Industry experts say that insurers consider a driver’s experience as crucial in avoiding or preventing car accidents.

A more mature and experienced motorist is less likely to get involved in a car accident. Fewer accidents mean fewer insurance claims and fewer expenses on the insurance company’s side. On the other hand, an inexperienced teen driver would be more likely to get in a vehicular accident than older motorists. For this reason, providers hike up insurance premiums to make up for a higher possibility of settling claims.

Student car insurance is more expensive because statistics show that teens are more accident-prone than drivers from other age groups. In fact, car accidents are the leading cost of death for young Americans aged 16 to 20. Insurance companies have taken this further by slapping high premiums for drivers under the age of 25. These motorists, they contend, lack the driving experience needed to avoid accidents on the road.

However, teenagers should not worry about finding affordable student car insurance. There are actually techniques that they can employ to get lower insurance premiums.

Students who perform well in school can qualify for good student discounts from their insurers. Many providers recognize academic excellence as a sign of responsible car ownership and driving. Earning a GPA of 3.0 can give teens the right to ask their insurance companies for cheaper student car insurance.

Young motorists can also enroll in drivers’ education classes to learn more about responsible driving. Showing proof of enrolment in a special driving class can help convince providers that a teen driver is worthy enough to be called a responsible motorist. Before joining one, though, parents and teens should consult their insurance companies about any accredited or certified driving classes and programs. Teens must also have enrolled in a drivers’ education course in the past 24 months to qualify for special student car insurance rates.

Parents can also add their teen drivers to their family auto insurance coverage as extensions. Instead of giving students their own coverage, parents can take them on as additional drivers living in the same address. This can help slash premiums significantly.

Students should also avoid using expensive or new cars to avoid costly insurance. Sports cars and large SUVs are also more expensive to insure. Teen drivers should do well and avoid these particular vehicles.