How To Get The Right Insurance For Your Teen
Wednesday, January 28th, 2009 Subscribe To Our Feed
A new sense of freedom that accompanies a newly acquired driver’s license may be the cause for you be wondering where to get the necessary auto insurance for your teen. This article is an attempt to find out how to get car insurance that is affordable for your teenage drivers because car insurances can vary dramatically in their prices.
Teens lack driving experience, so insurers consider them a high risk to insure and thus the premiums assigned are much higher than an adult’s insurance rates would be.
There are a few things you can do to help reduce the rates you pay for your teenagers auto insurance. It is vital that you stress to them how important it is for them to have a driving record that has no blemishes on it. That means driving safely – no speeding tickets, no traffic violations, and no accidents. The reward of lower insurance premiums will be theirs over a period of time. A higher deductible on the insurance you purchase will make the rates lower, because the lower the deductible is the higher the premium will be.
If you are going to be purchasing a vehicle for your teen, choose a vehicle that is built well with extra safety features. Check the class the vehicle you have chosen, make sure to not choose one that falls into a sports class or higher risk class rating.
The graduated licensing laws now affect some Canadian provinces as well as most states in the USA. The main underlying philosophy is to restrict what their license allows them to do, but the rules may change from place to place.
On a first time driving license, even when it is a full driving license like a class 5, there will be a letter designation that indicates this driver is a new one. Some restrictions are usually placed on a new driving license; these restrictions may include nighttime driving, 0 alcohol tolerance and vehicle occupant restrictions to list a few of them. After a specific period of time, the newer drivers will be required to take a test to remove their name from the new driver programmer.
If you still want to know how and where to get that cheap auto insurance for your son who is a teenager, thee are some ways to do it. An insurance policy that is available to teen drivers through an agency that specializes in teen insurance is the stand alone policy, which can save the teen driver a substantial amount. The teenager who has a stand alone policy is carring his own insurance and is not an additional driver on his parent’s auto policy.
The placing of certain concessions on the driving habits of the teen driver can help these insurance companies reduce their risk for insuring them. Some concessions may include no driving after dark, attending driving school and various other requirements which allow the companies to keep the premiums lower for the teenage drivers.
You can easily understand why insurance companies are hesitant to insure teen drivers at low cost auto insurance rates; a 16 year old driver is 10 times more at risk to be involved in an accident than an adult who is 30 to 59 years old. It would be wise to remind your teen of this fact when shopping for their auto insurance.
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