Cheap Car Insurance For Young Drivers

Reader’s Question:

My teenagers will get their licenses soon. Will it be possible to obtain cheap car insurance for young drivers if they have been involved in a drunk driving incident where their friend was driving?

Rich

Boston, MA

Massachusetts ranks six in states that have the most expensive car insurance expenditures according to the National Association of Insurance Commissioners (NAIC). This is due to the highly congested streets, high incidence of vehicle vandalism and theft, and insurance fraud. Residents had to pay a whopping $1,042 in 2006.

While rates have not decreased, the good news is that MA now chose to scrap the established system for setting car insurance premiums. With the new system, car insurance companies have the chance to engage in healthy competition, which essentially means that consumers have the opportunity to shop around for potentially lower and more affordable car insurance rates.

This will prove to be of advantage to you as you will be insuring your teenagers. Bear in mind, though, that this age group has the highest occurrence of accidents. So, naturally, car insurance companies will assess them with steep rates especially if they have been involved in a drunk driving case. While it was not their fault, the case may still be pulled up by the prospective insurer. So finding ways to lower the premiums on the state-imposed car insurance requirement is the best way to go. Have them attend advanced driving classes as this will automatically make them eligible for discounts. You can also get cheap car insurance for young drivers by taking the extra time to get comparison quotes from company websites in the Internet.