Q: My dad is giving me a car on my 18th birthday. I already have a valid driving license. When we got the insurance quotes on the car from the agent, it was too high. Is there any way to get a cheap insurance quote for a young driver?
A: Insurance statistics have revealed that young drivers have a higher number of accidents, and are a high-risk group for providers. That is why it is hard to find a cheap policy for young drivers.
If the car is in your dad's name, you can get the coverage in his name too and just add your name to the policy as a driver. This way your dad will be the primary on the insurance. This should not be a problem as long as you live in the same household, and if you are in an incident, you tell the adjuster that it is your dad's car.
That said, remember to drive safely and do not stack up any points on your car or your dad's costs will go up. If you drive safely, your rates will drop down each year, and soon you will find it easy to get a cheap auto insurance quote.
Lastly, we recommend that you shop around and compare auto insurance rates for young drivers from several different companies online. Using the Internet to shop for car insurance is quick, easy, and you might be shocked at just how much money you could be saving on coverage.
