3 car insurance options for young people that you should know about

Car insurance for young people tends to have a higher value than protection for other groups. Follow the text, find out why this happens and discover three advantageous options!

When defining the cost of insurance, insurers consider different factors. One of them is the age of the driver.

Therefore, the market offers specific options for each group, such as car insurance for young people.

Insurers offer protection for vehicles with various coverages, regardless of the vehicle model.

However, when drivers are young, the value of this protection tends to increase.

This happens because companies consider this group to be more vulnerable to accidents, as these drivers have less experience behind the wheel.

Image: Getty

Taking out car insurance for young people

People aged between 18 and 25 are considered young.

By making insurance for these drivers more expensive, insurers aim to protect themselves from additional risks.

In other words: if the driver is more likely to suffer an accident, the chances that compensation payment will be necessary are also greater.

By increasing the cost of the service, the company ensures that compensation does not become a problem for its cash flow.

Maybe, then, you are thinking: “okay, I ask my father/mother to take out the insurance. This way, I will pay less.”

In fact, if an older driver takes out insurance, they will pay lower amounts for protection.

However, this “strategy” can become a huge problem.

After a loss, such as an accident or theft, the insurance company evaluates the entire incident.

At this stage, it compares the data informed when hiring with reality.

If your father took out the insurance, but the only person driving the vehicle is you, who is much younger, the company can verify the irregularity.

The result is that she can deny payment of compensation, alleging fraud.

When a situation like this happens, the consumer has to bear the loss of the accident alone.

The insurer may still open legal proceedings against the client.

How is car insurance priced?

In addition to age, insurers consider factors such as the car model and the driver's gender when quoting insurance.

Males, for example, are more involved in accidents and have more expensive insurance.

The same happens when the vehicle remains parked on the street, when the user's region of residence has high rates of theft and robbery, and more.

It is worth noting that each company gives greater weight to one of these factors.

Therefore, the costs of the same insurance can be quite different between companies.

Therefore, before hiring your protection, it is important to carry out extensive market research.

This way, you will be sure to find the best service, at the best price.

However, in most cases, it is necessary to opt for traditional insurance. Then, according to the driver's profile, the premium is defined.

The insurance premium is nothing more than the installment paid for contracting it.

But there are insurers that offer specific insurance for young people, something we will talk about next.

Another car insurance option for young people is to take out one that has more basic protection, such as coverage only for theft and theft.

In this case, companies do not usually perform profile analysis and are able to provide a more affordable price.

3 car insurance options for young people

1. Porto Seguro young car insurance

Porto Seguro offers a specific product for young people: Porto Seguro Jovem.

It is aimed at people between 18 and 24 years old and has a series of benefits, which guarantee greater safety and comfort for drivers.

One of these benefits is the Safe Driving Course and the Emotional Driving Course, which teach you how to better deal with different traffic situations.

There is also a relationship program, which provides points according to the vehicle's driving speed and use during the night.

The higher the score accumulated during the year, the greater the discount when renewing the insurance.

In addition, there are other benefits at Porto Seguro Auto Jovem. See below.

• Payment in installments;
• Current driver;
• 24-hour assistance;
• Extra car for up to 15 days, or discount on the franchise;
• Discounts on parking;
• Help desk for computers, notebooks and other electronic equipment.

There are two types of coverage available from the operator.

First, basic coverage, which offers protection against collision, fire, theft, theft and flooding.

It also covers damage to third parties, Personal Accidents to Passengers and glass protection.

In addition to these, it is possible to purchase additional coverage for the car. Are they:

• Exemption from Deductible on the First Claim (Excess Insurance);
• Coverage for accessories such as helmet, jacket and intercom;
• Sanitation in case of flooding.

2. Ituran Youth Insurance

Ituran is a company that offers vehicle tracking services and has the option of taking out Ituran car insurance for young people.

This happens because the company does not carry out driver profile analysis and, therefore, can be a more affordable alternative to taking out car insurance for young people.

To take out Ituran insurance for young people, it is mandatory to install a vehicle tracker, and there is a fee charged for the equipment.

It is possible to count on the service with prices starting at R$69.90 per month. The following services and coverage are then available:

• Coverage for robbery and qualified theft;
• Right to use 24-hour assistance up to 5 times;
• Possibility of taking out additional coverage: Third Party Coverage and Total Loss Coverage due to Collision;
• Coverage throughout the national territory.

3. Siggo Youth Insurance

Siggo is another company that offers the tracking service with the Siggo insurance option for young people.

It also does not perform driver profile analysis.

In this case too, it is necessary to install tracking equipment, and the installation can be carried out at the customer's home.

Although the price is more affordable, Siggo car insurance coverage for young people is a little more limited, with prices starting at R$69.90 per month.

See some of the benefits this type of service offers:

• Coverage for cases of robbery and theft;
• Vehicle monitoring via the web;
• Vehicle assistance;
• Residential assistance;
• National coverage.

It's worth remembering that these are just 3 car insurance options for young people that you should know about. But it is important that you always research different options, choosing the most reliable and advantageous insurance companies.

Which cars have cheap insurance for young people?

Regardless of whether you opt for any of our car insurance suggestions for young people, it is important to understand one point: there is no way to define the cheapest car to insure for young people.

After all, the cost of protection depends on several factors, such as the region where the driver lives and travels, the insurance company contracted, etc.

Below, we list common insurance prices for certain types of car.

But the estimates are only basic, and should be made according to your profile. Follow along.

Source: Meuseguronovo. Consultation made in: June/19

Ready! Now you know some car insurance options for young people and an estimate of what you should pay for protection.

Taking out insurance is essential! Even when the cost is high, it will be much cheaper than paying for car losses alone.

*This text is editorial content and does not guarantee the sale of this product on this website.

* SeguroAuto.org is not responsible for the amounts mentioned here, as the price of insurance may vary depending on the profile of each driver.