Car insurance for your Teen Driver

Article Written By: bethanycollins

Your child has just turned 16 and for some unfathomable reason, the DMV has seen it fit to give him/her a driver s permit. Not only do you have to buy the car that s/he will now proceed to systematically demolish, but you also have to spring for car insurance. If the auto insurance quotes you ve received are any indication, the companies share your trepidation about his/her ability to navigate the roads without destroying everything. But don t worry, we re here to help.

The 'New Car

It may seem like buying a cheap, old, Archie Comics style jalopy will save you money. Wrong. You would actually lose big bucks in the long run. A run-down car will need more repairs, more maintenance, and most likely will cost more to insure for specifically these reasons. At the same time, buying your little hoodlum a beautiful, growling sports car isn t the solution either because the insurance company will slap on a premium that will leave your head reeling. The smartest decision is to buy a used car that doesn t have too many years on it and is in good shape. Since the collision damage, the cost of repairs, and the likelihood of theft are significantly lower for used cars, you will be able to find cheap auto insurance quotes.

Auto Insurance Coverage

Teen drivers between the ages of 15 and 17 cause approximately $34 billion annually in damages, medical expenses, loss of life, and property, as asserted by the American Automobile Association. Now, while it may be tempting to skimp on auto insurance coverage and opt for the required minimum, you may want to keep this statistic in mind. Without adequate auto insurance coverage, you might find yourself stuck in a position where you have to pay obscene sums of money to pay for medical bills and damages to property.

To add or not to add

You re probably wondering if you should add your teenage driver to your own insurance policy. Well, this is debatable. You ll have to measure the benefits of each according to your specific situation and insurance company. But here are a few pros and cons to help you make that callPros: If your teen is added to your policy, s/he can avail of the discounts and privileges you enjoy. Also, compared to the premiums s/he would have to pay on his/her own, this might just work out to be cheaper.Cons: Your own premiums rise by having a teen driver on your policy. Also, any claims, accidents or misdemeanors s/he makes will reflect on your auto insurance record and influence future premiums. Also, if your teenager had his/her own policy and miraculously turns out to be a decent driver, s/he ll be accumulating good driver s credit.

Affordable auto insurance

We saved the best for last. Your teen can actually enjoy affordable car insurance without compromising on coverage or quality!

Care to find out how? Read the tips below:

Driver training credit Some auto insurance companies offer drivers below the age of 21 a discount for completing a driver s training course. This course also leads to your child becoming a better driver, which leads to fewer accidents, transgressions and claims, which leads to a clean driving record which leads us right back to the best car insurance rates s/he can possibly get!

Need another reason to wish your child had inherited your intelligence? Here it is. Many auto companies often offer discounts to students below the age of 25 who have an average of B+ or above. One way to turn this to your advantage is promising your teen that you give him the discount/money saved every time he qualifies. Win-win, right?

Good companies will pay you to stay alive and stay safe. Installing air-bags or buying cars that fall into the safe-car category will get your teenager a discount from several websites.

A car with anti-theft devices will get you yet another discount! Hopefully your company is one of them. If not maybe it s time to start looking at car insurance quotes from companies that offer this service.

Undoubtedly there s a lot to be stressed out about when raising teenagers. You have to worry about their college education, about the opposite sex, about the funny smell coming from their rooms—oh the list is endless. But hopefully this has alleviated your fears and concerns about your teenager s auto insurance, leaving you with one less thing to worry about!

About the Author

Bethany Collins - car insurance and antique car insurance

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This Article Has Been Published on Fri, 26 Aug 2011 and Read 218 Times

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