Cheap Insurance For Young Drivers - Some of Your Options We bought our son a motor vehicle for his 18th birthday! It was not bomb it absolutely was safe and reliable so we been there looked at thoroughly from the local mechanic. We also insisted, much to his displeasure that the engine power was out of the speedster range. Having organized everything for the car buying side then we went to obtain the required drivers insurance. There were plenty of companies out there with special policies on automobile insurance for young drivers however the concept of cheap motor insurance for young drivers was mythical with a lot of of these add up to a third from the price with the car itself. Moreover, younger drivers tend to be more impatient and wish new driver car insurance to reach their destination quickly. Some desire to impress their friends or mates by performing stunts. All of these factors can expose them to a great risk of accidents. In order to cover these risk factors, insurance companies therefore charge higher premium rates when it comes to young driver motor insurance. Arguably the magic formula which was driving up premiums for younger drivers in recent years is their relative inclination towards road traffic collisions. This is arguably because of the naturally inexperienced dispositions - and 17 years old drivers ought to be under no illusion therefore that their policies will likely be more than the comparable policies of these elderly drivers (whom, within this scenario, we say is anybody aged 25 and also over). - Learn to save the your living expenses. Cook the food on weekends and bring a brown bag to work. By not wanting to eat out continuously, you may be capable of save an extra 100 dollars weekly anyway in case you are lowering from eating out daily, to twice every week. Do your groceries on weekends to make standby time with the coupons. By saving 400 dollars every week, you may well be in a position to use the money when most needed, or if not, invest it. If the parent cant assist getting the first care insurance policies, another most sensible thing would be to research prices to the car insurance plan that offers the very best value - this doesnt strictly need to be the best in price. Different insurance agencies will have different terms and conditions for young drivers, so look around. There are businesses that will probably be ready to give some break to young inexperienced driver, though most is dependent upon the agents.