Car Insurance For Teens

Buying car insurance for teens can be a very expensive venture; however, consumers who do their homework may fare better than they expected. Although it's nearly impossible to avoid much higher premiums, there are some factors that can affect the premium price for a good policy. Statistics indicate that drivers between the ages of 16 and 19 are four times more likely to be involved in a vehicle crash than people from any other age group. Therefore, the premium for car insurance for a teen is going to cost more.

One of the most important factors to consider before even thinking about policies is driving safety. Psalm 91:1 encourages the reader to put his trust in God. This means obedience. "He that dwelleth in the secret place of the most High shall abide under the shadow of the Almighty." Parents need to do all that they can to ensure that their teens drive safely and lawfully. One speeding ticket can send rates skyrocketing, not to mention the potential horrors of tragic accidents. Some insurance companies offer discounts for car insurance for teens if they are able to prove that they are good students. For example, some companies will discount up to 25% if the student holds a "B" average or a 3.0 GPA. The actuaries believe that responsibility in the classroom correlates with responsibility on the road. Another factor is whether the teenager is listed as a primary driver or whether he or she will use the vehicle only on occasion. Of course, the make and model of the vehicle also factors into the premium rates, just as it would for adult drivers. The average car insurance for a teen tends to be about $1,200 a year, depending on the circumstances and type of vehicle.

Although rate increases are impossible to avoid if a family is adding a young person to the policy, shopping around for better quotes can possibly yield a better deal. The cost of car insurance for a teen will be much lower if the he or she is added to the parents' policy, as opposed to getting a separate policy. A used automobile will get lower rates than a new car. Also, the higher the price of the car, the higher the premium price will be. Some companies advise reducing the collision and comprehensive coverage to get better rates. Also, raising the deductible can lower the premiums for car insurance for teens by 15-30%.

Adding a young person to the family policy can double the parents' premium. Eventually, the cost of the car insurance for a teen will decrease. Keeping a clean driving record, wisely choosing a reliable vehicle, and keeping the policy active will help to ensure a good relationship with the insurance agent and better rates on the policies. Shopping around every so often for the best deal is advised by some; however, consumers need to be sure that the service they expect is still available.