Sports Car Racing

Best Sports Car for Young Drivers

Be a safe driver. Driving safely is the first step to keeping insurance rates low. This means driving defensively, maintaining speeds within stated limits, never driving under the influence, and obeying all traffic laws. Below are a few other considerations to improve driving habits:

• Stay focused. Don’t text and drive, don’t be on the phone with friends. If your passengers are being rowdy, remind them that you are driving and need concentration.
• Be alert. Don’t ever drive while sleepy. Be sure to consider the impact of medications on your awareness and response time before driving.
• Consider other drivers. Always check your mirrors before turning or changing lanes. Be able to compensate for the actions and mistakes of drivers make.
• Compensate for weather conditions. It’s best not to travel when the weather is bad; however, if traveling in inclement weather, always slow down to a speed appropriate for the conditions and be prepared to take detours if necessary.

Look for multi-line discounts. Most insurance providers offer discounts on overall premiums when you have multiple insurance policies through their agency.

• This can include life, homeowner's, renter’s, motorcycle, boat, and other forms of insurance.

Ask about promotions. Some providers have a term bonus for safe driving. Some providers run specials on different levels of coverage and what is included.

• When contacting an insurance agent for a quote, always be sure to ask if they have any promotional programs that you can benefit from.

Part 2

Considerations When you are a Younger Driver

1. Age and gender can impact rates. Young males are assessed higher premiums than females of the same age; however, both genders, aged between 16-25, cause a significant increase in insurance premiums.
   • For young males, insurance rates can increase rates by between 59-118%, depending on where you live.
   • Although there are ways to reduce the amount you pay, individuals under the age of 25 will pay significantly more than adult drivers.
2. Ask about “good student” discounts. Some insurers offer discounts for good grades, correlating high GPA with increased personal responsibility and decreased likelihood of risky behavior that could lead to a car accident. In order to qualify for good student discounts, the following conditions will have to be met:
   • Be younger than 25 years of age.
   • Be a full-time student at highschool, college, or university.
   • Maintain at least a “B” (3.0) average GPA, and/or be on the Honor Roll or Dean’s List.
3. Remain on a family policy. In many if not most cases, young drivers are added to their parent’s existing insurance policy. This becomes an “umbrella policy” and allows the teen to be listed as an “occasional driver” for a vehicle, keeping the rates lower than if the teen is listed as a primary.
   • Make sure the title is in the name of the policyholder. In order to receive the benefit of an umbrella policy, you must surrender the title of the vehicle to the policyholder.
   • Be careful. Any accidents that happen will raise the rates on the entire policy by at least 25%