When it comes to finding cheap insurance for young male drivers there are some things that you need to do in order to look more favorably in the eyes of insurers. This is because as a young male you will be lumped in statistically with a segment of the driving population that is responsible for the most vehicle accidents and the most claims filed. Insurance companies are going to want to charge you more than they would women or even men that are over 25. The following is 5 easy steps you can take to ensure that you won’t be taken for a ride on your coverage costs.
The first step to saving money on cheap insurance for young male drivers starts at the car lot itself. Before you even purchase a vehicle you must take into consideration the insurance implications of different automobiles. If you decide to buy through financing then you will be required by your auto-loan company to have full coverage on your vehicle. This protects their interest as well as yours. But, if you are able to buy a car outright then you will only be required to have your state’s minimum liability insurance and this difference alone will save you some serious coin. So if it is at all possible, drive a car that’s paid for.
The second step to getting a good deal on cheap insurance for young male drivers is to forget about the bells and whistles that can accompany or be added to a vehicle. Don’t go crazy with a lot of flashy after-market additions such as rims and high-end stereos to your car because doing so will make your car more of a target for thieves. Keep your rates low by sticking with the from-the-factory accessories and don’t go out of your way to make you car stand out.
The third step to finding cheap insurance for young male drivers is to become proactive about protecting your car. While not adding flashy after-market equipment to your ride is good for not bringing attention to it, the truth is that auto-thieves will still take a vehicle that isn’t protected. A good way to protect your ride is to use hi-tech anti-theft devices such as lojack or lo-tech devices such as steering-wheel locks. You could qualify for a discount on your policy for using these devices or you could eliminate the need for theft protection on your policy if you make it a habit of using them, either way you would be saving money.
The fourth way to save on cheap insurance for young male drivers is by putting safety at the top of your priority list. Start off on the right foot by practicing good driving habits and you will be able to qualify for major discounts as you continue to show your insurers your commitment to safe driving. Insurance companies are offering lower deductibles to clients that stay accident-free in 6-12 month increments. By driving well, not only will you save on policy costs but you will also save by not having to miss work due to injury or time in jail.
The final way to save on cheap insurance for young male drivers is to reduce your driving. I know this sounds crazy but it is an excellent way to get discounts on coverage. Insurance companies offer low-mileage discounts to those clients that only drive a certain distance away from home in a given year. You could talk to an agent about specifications and parameters surrounding this money-saving technique to see how you could make it work for you. These are just a few ways to save on your insurance coverage and I hope it was helpful to you.