Young Driver Auto Insurance — People Who Retain Either Coverage Are Clearly Buying Too Much
I’ll discuss one guaranteed tip for anyone to attract cheap car insurance for young drivers in spite of their profile and coverage needs: If you maintain collision and/or comprehensive for an old vehicle that isn’t a classic, then you are spending much more than you should.
This is because you’re reimbursed based on what is called the Kelly Blue Book value of your vehicle at the time you file a claim. So even if you have paid your premiums faithfully for several years but the Kelly Blue Book value says your vehicle is worth nothing, you will get a dime from your insurer and they will be fully on the good side of the law.
Therefore, do the right thing and remove these types from your car insurance policy for all old vehicles. Doing this will cut down your costs and not compromise you in any way. If you are still NOT very clear about this take some time out to discuss with someone who’s more knowledgeable than you on insurance matters — A trusted agent, for example.
