After finally getting your driving licence, most 17 year old teens must be in a happy mood. However, things can take a steep nose dive when you take a look at the policy rates for new driver car insurance for teenagers. Even the most basic liability car insurance for first time young drivers can be very costly and can take a good chunk off your monthly allowance/income.

This is because both first time driver insurance and young drivers under 21 present higher business risk exposure for the insurer. According to statistics collected over the past few decades, inexperienced new drivers are more likely to have a road accident compared to more experienced drivers with a few years of driving. Well that means if you can manage to keep yourself out of any traffic incidents, you will be able to enjoy cheap teen car insurance for 21 year olds in a few years time. Meanwhile, there are a few tips to bring down the rates of new driver car insurance for 17 yr old teenagers.

If you are a male driver under 25 years of age, the bad news is you will have to pay about 50% more on your new driver insurance. There are no gender equality talks here, you just have to thank for peers and predecessors for driving recklessly and chalking up a lot more traffic accidents and claims in the past compared to teen female drivers of the age group. There is not much to be done here, so just grit your teeth and bear with it. With a few years of safe driving experience, monthly premiums on car insurance for 25 will be roughly similar for both male and women drivers.

Many new drivers are not sure how or where to get the most affordable car insurance for 17 year old teenagers. Many are in a hurry to start driving legally and end up buying unsuitable policies that cost them a lot more. We are not saying costly insurance policies are no good, just that we are only mere folks with limited budgets and there is still the car finance loans, road taxes, daily petrol consumption, parking fees etc to take care of. Spending too much unnecessarily on the wrong type of new driver's car insurance means a compromise on the other essential expenses.

Even though that you are a first time driver & car insurance buyer, it does not equate to you having to pay through the roof for liability or comprehensive vehicle coverage. When you are thinking which car to buy, the mandatory insurance may not even be at the back of your mind, but make sure you have sufficient cash for the premiums. You see, more expensive cars from Mecedes Benz, Porsche, Ferrari, etc simply mean more expensive coverage rates on top of you already higher than normal new drivers car insurance. If you choose a sports car, be prepared for one of the most costly rates on teenager car insurance for 17 yr olds you can ever encounter.

Now, if you are thinking just any cheap old car will do, note that things can go contrary to "common sense" as well. Some older cars fall under the classic cars category and if parts are difficult to source for, that means repairs will be expensive and hence the classic car insurance for under 21 yr olds will not be as affordable as you may think. For example in UK, you can get a list of car models that falls under the cheapest to insure category as labeled by the Association of British Insurers.

High Deductible Car Insurance For Teenagers Under 21

When you are going the cheap car route for getting reduced rates on new driver car insurances for 17 teenagers, note that you can also raise your policy excess or deductibles at the same time. As a fictitious example, if the market value of the vehicle to be insured is only around $1200, and you buy a first time car insurance with $1000 deductible, you can get up to 40% off the usual premiums on a policy with $200 deductible. And since the deductible is nearly on par with the car's market value, you can simply choose to scrape the vehicle if you get into a road accident and repairs are beyond economic benefits.

Make sure that for other types of repairs, parts and services are relatively cheap and can be paid out of your own pocket because you are not going to make any claims at all. Since you need to pay up to $1000 of policy deductible, you will not be able to get a single cent from the insurer for any repairs lower than that. In the even that you do make a claim (which you should not in this context), you will find an increase in your teen car insurance rates on the next policy renewal. If you are trying to build up your no claim bonus, you can kiss it goodbye and start from scratch again.

The role of car insurance is often misunderstood, especially among first time car drivers that have just gotten their new driving licence. It is given the image of additional expenses that hinders teens from driving on the road and many will simply go for the cheapest teen car insurance for 17 to 21 year old new drivers.

Remember that having the proper coverage and insurance can help you from a lot of financial grief in future. Aside from the legal problems of driving without car insurance, you need to be responsible for any injuries and property damages inflicted onto other third party road users in the course of your driving. Getting even cheap car insurance for new drivers will go a long way to offset the financial burden to payout any compensation you are responsible for.

Young Drivers Car Insurance Quotes

In the end, no amount of new driver insurance for 17 yr old teenagers can be more important than learning to be sensible and drive safely. By signing up for a defensive driving course, you can pick up critical skills to safe keep your lives, those of your passengers and other road users. The nice consequence of these efforts is discounts seen reflected in your young drivers car insurance quotes.

This is because insurer companies will reward you with up to 25% off the normal rates for the 17 to 25 age group, and with your improved ability to drive safely, it will be cheaper in the long run with no accidents, no repair bills or paying of policy excess, and finally getting that no claim bonus which will entitle you to another 20% to 30% off your monthly premiums.

Nowadays, you can get free quotes from many sites online so there is no excuse to download and compare at least three offers from different companies before committing. Each teens car insurance quotes for first time drivers you get will differ in costs, deductibles and policy limits, which arise from the fact that they are accessing your risk profile differently plus their unique product targeting strategies. By reviewing several quotes, you will be able to make a better choice for your new driver car insurance for 17 yr old teens and save some money for breakdown cover, roadside recovery etc.