It is a known fact that in the US car insurance young male drivers is the highest. Also, over the years, the premiums have witnessed a steady increase for these young drivers. According to estimates, this increase has been close to 50%. This has made using a car as a preferred means of transport quite difficult for the young adults, especially when the public transport is unreliable. In the rural areas, inadequate availability of public transport can adversely impact the prospects of youngsters being able to travel to find work.
The costs of car insurance young male drivers are more than the other age groups due to the fact that the young drivers come across as a greater risk to the insurers. These young drivers are more prone to accidents and as such pose a greater risk, which is more applicable to young male drivers. A research from ROSPA suggests that at least 20% young drivers face an accident in the first year of driving. The report also suggests that an 18-year old driver is three times more likely to be involved in an accident when compared with a driver who is 48-years old.
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On account of the problems faced by young drivers due to the high costs of insurance coverage, insurers are trying to help them reduce insurance costs by offering plans that can help find the best car insurance for young male drivers. In this regard, a guide has been produced by us, an independent car insurance website, that suggests young drivers be charged for insurance according to their choice of vehicle, driving qualifications, premiums through installments, and so on. A telematics-based insurance product is also being mooted by the insurers that will help them offer premium payment only for travel to work, and allows driving only between specified time and places.
There are a few methods that can help young male drivers reduce their insurance costs significantly. In order to find the best car insurance for young male drivers at the best price, young drivers can look for various shopping options. They can also look to buy car insurance online no down payment that can further bring down the costs and ease financial burden. There are a number of insurance companies that have online presence. Also, a number of websites including Monthtomonthcarsinsurance.com offer comparison tools to the customers that they can use to seek and compare cheap auto insurance quote online.