Car Insurance For Young Drivers - Your Best Protection It is not surprising the highest frequency of motor vehicle collisions occurs among young drivers. Statistics show that drivers inside their early twenties get excited about almost 40% of accidents. For this reason, drivers under 25 pay higher rates than drivers in any other age group. In fact, according to the car, insurance for teenagers may cost (read more) nearly $5000 annually! The new, inexperienced driver must take into account certain basic things to get the cheapest insurance rates. A car bought with lower engine capacity that makes the insurance plan companies give a lower premium rate once the car has less mileage. Third party insurance being mandatory can give the young drivers spend less but its a must to be aware of method followed for calculation of premiums by companies. Get a student discount: Many larger insurance agencies today have student discounts. There will be some criteria that you will have to follow along with, in order to make the most, and what will you learn most of the time that you will have to have good grades, along with conserve a certain GPA. While you wont save a great deal, it can save you around 5-10%. - Talk to them as if theyre adults already. Talk to them with respect and in turn, theyre going to respect you as a result. You dont necessarily should be their friend. In fact, your work is not to be their friend but to be their parent. They should be capable to talk to you when they have problems and you need to be able to talk to them concerning how to take care of them. Trusting that you just brought them up well, they in turn will do not are truly disappointing. Mistakes will happen but depending on the gravity with the error, some tolerance might be accommodated. After all, they may be your children and you have seen them grow up from babies to adults. There are now a number of insures who specialize in offering plans and premiums to drivers that belong to specific demographic groups; by way of example, young people, women, and also the elderly. By using one of them companies, you may discover that the whole outlay can be brought down massively. It is worth contacting as numerous different insurers as is possible to try and get the best deal.