Details About Vehicle Insurance for Teenagers
For a teenager there is rarely anything more liberating than getting a license. The freedom to go anywhere without having to wait for mom or dad, never having to walk to school again, being one step closer to becoming a responsible adult, and looking infinitely cooler in front of friends. What teenagers should know, however, is that with a car also comes responsibility and generally the need for vehicle insurance, which can oftentimes be expensive for inexperienced drivers and young adults. In most states it’s illegal to even register an vehicle without having an adequate vehicle protection plan, and for parents the presence of a licensed young adult could translate to higher rates because of the risk involved in insuring inexperienced drivers.
To determine the premium of nearly any motorist, insurers usually examine a variety of qualities, and sometimes age can have a large impact on rates for a number of reasons. According to the Centers for Disease Control and Prevention, motorist between the ages of 16 and 19 have a 4 times greater chance of being involved in an accident, and male teenage drivers are twice as likely to be involved in an accident than females. Statistics like these usually translates to vehicle insurance for teenagers being more expensive than the average policy. Locating an affordable protection plan, however, is not impossible. By doing an adequate amount of research and exploring a variety of options, young drivers may be able to keep coverage cost at a lower level.
More Affordable vehicle insurance for Teenagers
Many teenage motorists, especially students, are likely familiar with the benefits of research and shopping around for the best deals available. Young drivers may be pleased to hear that looking for an affordable insurance policy is not unlike shopping for any other product: by comparing rates from a wide variety of insurers a person has a better chance of finding a cheap protection plan. An option that people way wish to consider as well is adding a teenager to a parent or guardian’s existing policy. Oftentimes this can result in lower rates for the young adult, but may end up raising coverage costs for every vehicle on the policy. Luckily for parents there are ways for young adults to counter these increased rates by qualifying for discounts.
Getting good grades is an important part about being a student, but what some people may not know is that an excellent grade point average (usually 3.0 GPA or higher) can result in a good student discounts and decreased coverage costs. Additionally, some insurers even provide special offers for people that are majoring in certain subjects and plan to follow specific career paths. One of the best ways to decrease rates for young and inexperienced drivers is to strive to change the existing Teen Crash Statistics by remaining safe, observant, obeying all traffic laws, and becoming a model motorist. Maintaining a clean driving record for over three years may even amount to a good driver discounts and can help prevent premium prices from climbing higher as a result of being involved in an accident. Drivers of all ages are encouraged to contact their insurers to learn about the various deals and offers available that can help keep rates affordable.