Car Insurance For Teenagers
It can be really difficult to share your teenager's enthusiasm
when they are ready to start driving. For them, it s exciting and
fun. For you, it s a knuckle-biting time full of worry about their
safety and your bank account.
It's important to plan for car insurance before your child
actually starts driving. Unfortunately, it is going to cost your
quite a bit more to insure your teenage driver. However, you can
try to contain those costs while still making sure your child is
protected:
- Start by comparison shopping. Get a quote from your current
auto insurance company, and at least two or three other companies.
- If you plan to buy your child a car, a new sporty vehicle will
cost considerably more to insure than an older, safer used auto.
- If you have multiple vehicles ask your insurance company to
list your teenager as the driver on only one of your vehicles
-- preferably the oldest and least expensive one. Of course that
is the vehicle your teenage needs to drive.
- Talk to your teenager about the financial importance of good
grades. Many insurers offer good student discounts.
It's not a good idea to reduce the limits of liability on your
teenage driver, just to save some money. Teenage drivers are among
the highest risk drivers on the road. If they cause an accident,
you'll be responsible for the difference between the limits on the
policy and the actual damages.
If your child can keep a clean, accident-free driving record they
will eventually be rewarded with lower rates. And you will be rewarded
with peace of mind.
If your child can keep a clean, accident-free driving record they
will eventually be rewarded with lower rates. And you will be rewarded
with peace of mind.
Scott Lunt is a freelance writer with over 15 years experience
writing insurance-related articles. You can find more tips on saving
on car, home, life, health and long-term care insurance at LowerYourInsurance.com.
Cheap Car Insurance For Teens How To Keep The Rates Down
By: Gavin Bloom -
The teenager shopping for car insurance is at a decided disadvantage.
Car insurance rates are based on age and driving experience as well
as driving record. The best way for teenage drivers to work their
way into better rates is stay on their parents policy in order to
gain driving experience and a driving record. There is a good chance
that after three years and a clean driving record that a preferred
policy from the parent s insurance company can then be issued on
the teen drivers that want to have their own car and pay for their
own insurance. There are numerous discounts for the young driver
today. Drivers training education is the most common discount. The
drivers training course normally consist of 30 hours of driving
with an authorized instructor along with 6 hours of classroom work.
Some companies give discounts for good students that carry a 3.0
grade point average in high school or college. There is also a resident
student discount available by some insurance companies. The student
has to live over 100 miles away from home to receive this discount.
Age Rating Tiers Most insurance companies have age rating tiers
on young drivers. The ages from 16 to 21 is one tier and the rates
are the highest in this time period. The next age tier begins at
age 21 and ends at age 25. The rates drop significantly at age 21
and again at age 25.
Vehicles Make a Difference The younger the driver the higher the
rate. The rates are very high for young drivers on newer vehicles
that require collision and comprehensive coverage. Older vehicles
that only require liability coverage as a minimum state requirement
is one way to cut costs for the teen driver. Utility vehicles like
pick-up trucks receive a small discount and the teen driver can
take advantage of that discount also. The teen driver needs to stay
away from high performance vehicles and sports cars because the
rates will be very high and these cars may not qualify for standard
car insurance.
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