All insurance packages are based on risk. The higher your risk to the insurance company, the more expensive your premium is going to be. This goes without saying that under 25s are the highest category risk for car insurance. Regardless of how good a driver a young person is, they will also have the statistics against them.
There are many insurance statistics which prove that the most amount of road deaths are amongst youths under the age of 25. Youths under the age of 25 are also more likely to disobey traffic rules and conduct themselves in reckless manners such as driving under the influence of alcohol or drugs. Males under the age of 25 are even more likely to take risks whilst driving, and will therefore have to pay an increased premium than females under the age of 25.
With all these collisions due to drivers under the age of 25, the insurance companies are taking a huge financial knock. Due to the proven statistics, it can be very hard for under 25s to acquire affordable motor insurance. Driving without motor insurance is not an option, so there have to be ways and means of under 25s acquiring good, solid motor insurance that protects them and other motorists on the road.
If you're an under 25 taking out motor insurance, you should also take into consideration that your premiums won't only be higher, but the cost of your excess too. There are some small ways to reduce your premium if you are an under 25, ways of making the premium lower than it has to be. Keep in mind that the motor vehicle you drive has a huge determining factor in your insurance premium. If you drive a flashy sports car, or a modified vehicle, you will pay an even higher premium. Firstly, this is because these vehicles were created to go faster, and couple a youth with a fast car and you have the highest insurance risk possible! Try to get a list of cars that are on insurance companies' blacklists so that you are not purchasing a vehicle that is known to be too fast, notorious for being in accidents, or highly targeted by thieves.
Having good security on your motor vehicle helps a lot with the cost of motor insurance. Installing a good alarm system and keeping the vehicle in a locked garage overnight will help greatly with car insurance premium cost.
The very last thing you have to do is shop around. Compiling a lot of quotes and seeking as much information as possible will only help you to find the lowest premium possible. There are several insurance companies who offer discounted premiums to youth drivers who have taken an advanced driving course. There are even some insurance companies who will offer a lower premium to an under 25 who has a degree, as that may portray them as being more responsible.
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