Car Insurance For Young Drivers

2007-09-25 14:12:16

( Legal )



Applicable fines and suspension – or worse, revocation of license and registration are just some things he would go through if he failed to secure a car insurance for young drivers. Not too mention possible jail time in some states. To avoid these, he has to purchase his own auto insurance or be added up to his parents’ policy.

Ideally, he’ll try to squeeze for a cheaper deal since car insurance for young drivers is more expensive than for those who are older and experienced. This is so because of statistics showing that a young driver tends to commit more mistakes leading to property destruction, injuries and deaths. Some people might deem it discriminatory but to insurance companies, there’s no way to initially determine careful young drivers from the fast and the furious ones.

Adding your teenagers’ learner’s permit and provisional license in your policy may not be the wisest move in getting them on the wheels. A whopping increase in their policy rates became an issue in many policyholders who included their young drivers.

There are ways to lessen the cost of car insurance for young drivers. One surefire move is to designate old or inexpensive cars to your young driver. Comprehensive or collision coverage is usually waived on more outdated models. Likewise, expensive cars require increase in insurance rates. Another way is to formally prepare him for the road. A complete driver’s education course can significantly reduce the costs. Better if they would keep their grades up because this means more reductions.

Consider your insurer too. Some plainly assigns expensive cars to young drivers even if they don’t even get into those. Discuss details with your insurer, ask questions and consider your options before getting car insurance for young drivers.

Take into account that your location is also a factor. If you live in the city, rates will be probably much higher than in suburbs.

The cost of insurance is just at the side of your worries. As parents, it is your teen’s driving that causes real anxiety. They will have to go through this phase however. Your part is to get them geared and remind them to be responsible drivers.


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