How to save money on insurance if you’re under 25

Thursday, March 25th, 2010 at 5:55 am

If you’re under the age of 25 you’ll definitely understand what it means to be considered high risk by auto insurance companies. It seems like you pay through the nose for any type of auto insurance. I myself being 24 got quoted $125 a month for liability insurance on a 1990 ford Crown Victoria, which I found to be absolutely ridiculous. So I decided to look for some ways to save money and possibly help a few other people save.

For starters when you’re shopping around for auto insurance one of the first things you can do is choose a higher deductible. This is one major thing you can do to really cut down on costs.

Take a driving class such as defensive driving, anything to get some much needed discounts. In fact in many states insurance companies are required to give you a discount if you take a defensive driving course.

Skip the Camaro and go for a Taurus. The more inexpensive a car you drive the lower your insurance is going to be. Not only will you save on insurance by doing this but you will probably end up having lower car payments as well.

If you’re a student make sure you take your schooling seriously. Insurance companies like to see good grades just like your folks do and it shows that you are responsible. So if your not already taking school seriously, START TAKING IT SERIOUS!

This is probably the easiest and one of the most important things for you to do, get multiple insurance quotes. Don’t just settle for the first quote you get from your local insurance company, use the internet to get some quick free quotes. There are many websites that offer multiple quotes for only filling out your quote information once. You’ll be surprised how much you can save.