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Is There Such a Thing as Affordable Young Driver Insurance?
By Susu Bevel on September 10, 2009 |
Total Viewed: 334 |
| Post by : Jihoy Articles |
| Category: Vehicles |
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If you are like me and have teenagers at home that are starting to drive, you are probably looking for affordable young driver insurance. Don't be shocked when you first get quoted for adding your teen to your policy. And don't despair! Keep reading this article to get some great tips on how to lower your car insurance for the first-time driver in your family.
To explain a little bit about why young driver car insurance costs so much, put yourself in the insurance company's shoes. Teenagers are the highest risk group of drivers to insure. Insurance companies get nervous about the statistics referring to teenage drivers. So, they charge a lot more for premiums depending on the age and other factors.
There are a lot of statistics out there about teen drivers. It's a very well known fact that males between the ages of 16 and 17 are more prone to having accidents at a higher rate than female teenaged drivers.
And you can probably figure out that the boys end up paying more for car insurance premiums than the girls.
We don't like to think about our kids getting into accidents, but be aware that teens between the ages of 16 and 17 are as much as 3 times more likely to be involved in some kind of collision than anyone who is between the ages of 25 and 64.
God forbid that any of our teens become these statistics, that's why it is important to sit down with your teen and explain to them the seriousness of driving. If you are armed with the right information, you can help your young driver better understand how important it is to be a safe driver. This will also help you obtain better rates from car insurance companies.
So, now that you are a little more familiar with these somewhat depressing statistics, you probably are realizing that cheap car insurance for young drivers is a pipe dream. But don't despair! You are about to read some great ideas for lessening the financial burden of adding a teen to your policy or finding a policy that fits your needs.
Is your teen already driving? What kind of car do they drive? If it's an older car (meaning not a snazzy sports car), your teenager could possible lower the rates for insurance by purchasing their own policy in their own name.
Are you adding your teenager to your existing policy? Then, consider having them classified as an "occasional" driver and not a "primary" driver.
In some states, this tip is mandatory, but if your state does not require it, make sure your young driver takes a defensive driving course or some kind of driver's ed. This course completed will definitely help you obtain reduced rates on the premium.
Buying a first car for your teenager? Resist the impulse to buy them a sports car. A low-performance sedan for your first-time driver is the best bet to help you reduce the high cost of insuring a teenager.
And guess what? Grades count! If your teenager has a B average in school or better, you can ask about a student discount. Many insurance companies will allow good grades as a sign of responsibility and thus, give you a better rate for young driver car insurance.
Using these tips together, you can most likely find the best policy for your young driver and not break the bank, too! |
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About the Author:
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