One of the most crucial decisions that you must make is deciding whether to insure your young driver or not. Especially in these hard economic times, insuring a young driver usually involves hesitations among parents. This is because insurance for young drivers involves relatively high costs. In fact, car insurance premiums for young drivers are higher than those offered to adults.
One of the most basic reasons why car insurance for young drivers is relatively more expensive is because most car insurance companies actually see young drivers as riskier drivers. Remember that the higher the risks involved in a driver, the larger the car insurance premiums that consumers must have to pay. In fact, it is not only because of the car insurance companies’ own discretion why they actually see young drivers as risky driers. It is actually the statistics which points out that they are indeed more likely to be involved in car accidents.
Facts actually shows that 1 out of every 5 car accidents actually involves persons who are on the first year hitting the road. In addition, male drivers who are under 21 are ten times more to be involved in vehicular accidents as compared to drivers over 21, and 40 percent of killed or seriously injured drivers involved in vehicular mishaps are young drivers.
In this case, this is also the reason why it is best for you to insure your young driver. Remember that car insurance is actually all about protection. Also, take note that young drivers are more likely to be involved in accidents, wherein they are the ones who need protection most. Therefore, you must not hesitate to insure young drivers. Remember, you may not know when your young driver would be involved in vehicular accidents, especially every time they hit the road. You must not take any chances and ensure that enough protection is provided.
It is a good thing that there are several ways on how can you cut costs on the car insurance policy of your young driver. One way here is for you to ensure that your young driver would be able to enrol in driving schools. Remember that there are so many discounts that are offered to drivers who are able to enrol in driving schools. This would not only help you cut costs on car insurance, but it will also make your young driver a safer one.