A car owner under the age of 20 is also mandatorily subjected to owning car insurance to legally be qualified for driving their vehicle on the road. Not doing so could result in them facing multiple penalties and even leads to imprisonment for a limited period of time. While these consequences seem great, so are the prices if you have at all inquired in the market for cheap auto insurance.
What Can Affect the Cheap Auto Insurance for 18 Year Olds?
Car Insurance providers take into account various details of the driver before providing them with monthly or annual auto insurance rates. This information usually helps them with an assessment of the risk of insuring the driver and it also factors in several parameters that can affect the car insurance. Some commonly differentiating factors are stated below:
Type of Car
An economical car holds a lesser risk of gaining traffic penalties and is also easier to maintain and repair in case of accidents. An economical car is ideal for students since their main purpose is commuting between destinations. Beware that buying either a luxurious or sports car will inevitably skyrocket the rates as compared to owning an economical car.
Gender
If you’re an inexperienced male driver, you’ll be demanded to pay more towards car insurance because statistically, female drivers cause fewer accidents and are also known to drive more responsibly. So if you’re an 18-year-old female driver, your average monthly auto insurance premium will probably not exceed $500 even if you buy comprehensive insurance whereas a male driver will annually pay a few hundreds of dollars more.
Location
The neighborhood where you live as well as the community of your college or workplace also makes a difference in terms of safety of your vehicle. Regularly commuting in and out of a densely populated community will have you oversee more traffic thereby increasing the chances for accidents and property damage. Parking or living in an area with significant crime rates will also increase the price of your car insurance as there are greater chances for theft, vandalism, etc.
Safety Features
If you don’t perform any aesthetic and performance modifications on your car, you’ll be saved from paying extra. It is not necessary that an economical car is typically a road sleigh because they often come with plenty of safety features. A car that does not have ideal safety features or scores low on the safety rating will demand higher car insurance premiums.
Miscellaneous Factors
The type of coverage you choose also affects the car insurance price for 18 year old as does the mode of payment. If you pay for one-time car insurance then you can save hundreds of dollars even when you buy comprehensive car insurance which ideally covers liabilities such as theft, vandalism, third party, at-fault, etc.
Where to Get the Cheapest Car Insurance Quotes for 18 Year Olds?
If you’re an 18-year-old looking for affordable insurance, then Alias Insurance has all the tools that can help you find the most ideal car insurance quotes. Select the types of coverage you need along with providing some basic details of yours such as pin code, driving history, etc to get the locally best available rates along with all the possible discounts that you can use to save on premiums.
