Cheap Car Insurance for Teenagers

Car insurance for teenagers

admin — Thu, 04 Mar 2010 22:15:16 +0000

One of the main reasons why car insurance for teenagers is so expensive is because there are more teenagers in car accidents than just about any other age group. This means that teenagers also are the ones with the most claims across demographics. And since insurance companies price the premiums after risk, and teenagers are statistically more at risk to winding up in an accident, prices for teenager insurance is therefore much higher than for a middle-aged person with a clean record. There are several statistics that back these claims.

As an example, it is twice as likely for a teenager driving a car to make a claim than someone over 25. That in itself goes a long way to explain why teenage drivers insurance is so expensive. If you are on the hunt for cheap insurance and you still are in your teens, your strategy will have to be to find an insurance company that doesn’t treat all young people as reckless drivers. However, this might be a challenge, so be patient, and do extensive searching online for the best insurance quotes. We will help you on your way!

Of course, all teenagers hope to find cheap insurance, as driving a car is expensive enough with all the expenses going to gas and the car itself. However, as mentioned, inexpensive car insurance for teenagers is almost a utopia, so you have to be smart when looking for an affordable solution. For starters, you driving record will have a big influence in the rates you get. So will the car you own. A car with a lot of horsepower will be in the “high risk” category, and your insurance premium will soar thereafter. These two factors, in addition to your age, are very decisive, so it is extremely important that you try to drive safely at all times. One little accident might mean a large increase in your yearly premiums, so stay out of trouble on the roads.

Get your parents to add you to their car insurance policy

If you have supportive parents, a great way to get your insurance premiums lower is to have them add you to their policy. This will of course add to your parent’s premiums, but apples for apples this will be a lot cheaper than if you take out your own policy. So be a nice kid, and perhaps they will help you out!

Good grades means lower insurance premiums

Another thing the insurance companies might look at is your grades at school. Yes, when reviewing an application for car insurance for teenagers an insurance agent might look at numerous different factors to create your risk profile. One of these is grades, as statistics show that young people with good grades wind up in fewer accidents than a person with bad grades. It probably has to do with the fact that teenagers with good grades are more responsible in traffic, which again underlines the fact that driving conservatively is important…oh yeah…and getting good grades too.

New vs. Old car

If you want cheap car insurance for teenagers than you have to consider the car you drive. If you go out and buy a monster on 4 wheels, the premium will soar in proportion to the horsepower in the car. It’s just a lot easier to get in trouble on the roads if 100mph is just a light push on the gas pedal. Older cars are well known to be cheaper to insure than a flashy, new, sports car. Another factor to have in the back of your mind is that cars with a track record for safety (think Volvo) will probably mean a lower premium also.

This baby will cost you a fortune in insurance premiums!

High vs. low deductible

When you go looking for cheap teen car insurance it is important to remember that a low deductible usually means a higher premium. This is so that the insurance company can cover your potential claims for small bumps and minor damages. So if you go for higher deductibles it is a rule of thumb that the premiums will be lower. But be prepared to pay for those small bumps from your own wallet, if you are unlucky in traffic.

Shop around for insurance quotes

Ok, now that we have gone through some tips that you should use while looking for teenager car insurance, lets get down to the job at hand. You really want to get quotes from as many different insurance agencies as possible, because many of them will be pricing you sky high. You see, many companies don’t focus, or even want, teenager drivers and will therefore give you a quote that is unrealistic. What you are looking for are the companies that focus on insurance for teenage drivers with the viewpoint that you can be profitable for their business if you show that you are a responsible driver, and that they can be profitable for you by giving you low rates for your trustworthiness in traffic.

Car insurance rates for teenagers

There is no doubt that cheap car insurance for teenagers is hard to come by, but just how much more expensive is it when you don’t have age on your side? The numbers that are posted around on the Internet suggest that prices soar by 50% to 200% for parents that add their child to their policy. If you get your own policy you can probably expect even higher premiums.

Where to get insurance quotes for teenagers

There are tons of site on the Internet that can help you get quotes from insurance companies and compare the results without having to manually submit to all of them. Check out Onlineautoinsurance.com, which helps you compare quote based on the zip code you live in. Insurance.com also offers this type of service. You can also do a search for on Google for cheap insurance for teenagers and go through the results there. Remember to get as many quotes as possible so that you have a nice collection that you can compare.

Frequently asked questions about car insurance for teenagers

admin — Wed, 03 Mar 2010 23:30:29 +0000

We have piled together some frequently asked questions about car insurance for teenagers. If you have a question you want answered that isn’t listed here, please submit a comment at the bottom of this page and we will answer you as best we can.

Why is it more expensive for teenage drivers insurance?

The insurance companies price your premium with several factors in mind. But the overriding factor is of course their prognosis of accidents for you specifically, and they make this assessment mainly based on your age and the statistics of accidents for that age group. Since teenage drivers have a 50% higher chance of having an accident, the premium is priced thereafter.

Am I covered by my parent’s insurance policy?

Not automatically, so check with them if they have added you to their policy. If not, then you must either get them to add you or get your own policy.

Why is it more expensive to for teenager to get insurance for a fast car?

Fast cars are more likely to be driven fast, and the faster you drive the more likely you are to get in a crash. Insurance companies often look at the car’s horsepower when they set your premium, so expect to pay more if you drive a new sports car.

Where can I find cheap car insurance for teenagers?

It is difficult to answer this question without knowing where you live, what your driving record is, what grades you have in school, and what kind of car you drive. All of this information are factors that the insurance companies utilize when they decide what premium to offer you. With that said, get as many quotes as possible so that you can compare rates. This will be the best way to find cheap car insurance. You might also want to check with your parents if they can add you to their policy, which might be much cheaper than if you get your own insurance.

Should I go for high deductibles or low deductibles?

Teenage drivers insurance is more expensive, when you look at the premiums alone, if you opt for low deductibles. This means that you are covered for every small bump or accident that you have, but you have to pay a higher premium for the luxury. If you are a reliable and safe driver, which you really should strive for, than you might consider going for higher deductibles to get a lower premium.

Teen Car Accidents – Why young drivers pay higher insurance premiums

admin — Mon, 01 Mar 2010 12:39:18 +0000

If you are a teenager who is attempting to get insurance for your car or truck for the first time you might be wondering why insurance premiums are so much more costly for teen drivers than for adults. There are many reasons as to why insurance companies believe that the rates should be higher for younger and therefore more inexperienced drivers. For example, each year over five thousand teenage drivers will be killed while driving their vehicles. Often these deaths could have been prevented with a little cautious behavior. Teenagers are often more likely get distracted by their friends while driving and due to the fact that they are often inexperienced this can lead to fatal consequences.

400.000+ teenage car accidents expected for 2010

Over 400,000 teenage drivers will be injured this year alone due to vehicle and safety negligence. Insurance companies often perceive teenage drivers as a liability because of their inexperience behind the wheel. Most teenage drivers are more likely to follow too closely behind another vehicle and they are also more likely to speed recklessly as they might want to impress their friends. Often times teenagers feel that they are invincible and therefore do not wear their seatbelts when driving. This is perhaps the most deadly mistake that one can make when driving. Often fatalities could have been prevented if the teenage drivers and passengers were simply wearing their seatbelts. Couple this with excessive drinking or drug use and getting behind the wheel of a car and it spells disaster.

More teenagers in the car: more injuries

Many teens get behind the wheel each year and have an accident of some sort. Frequently, they are riding around with other teenagers in the vehicle. This often leads to more car accidents than if they were simply driving alone. There are far more distractions with other teenagers in the car so it makes it exponentially more difficult for the young drivers to concentrate on the road and other drivers. Car accidents caused by teenage drivers cost insurance companies in the tens of billions of dollars each and every year so it is understandable as to the reasoning behind many insurance corporations pricing.

Take things slow and wear your seatbelt

So if you are a young driver and you feel that there is simply no cheap car insurance for teenagers you may want to consider the reasoning behind the insurance companies increased cost for teenage drivers. Older drivers who are more experienced behind the wheel know how to handle an unexpected situation if it arises while they are driving. They have the experience to be able to block out unnecessary distractions so that they can focus on the road. When you are a teenager with your first car it may seem as though you are invincible however you are not and it pays to take things slow and always wear your seatbelt when driving.

How to get cheap car insurance rates for teenagers

admin — Sun, 28 Feb 2010 12:59:14 +0000

Getting a car is one of the major milestones in any young person’s life. They finally have the freedom to do what they want to do when they feel like doing it. Their excitement for getting on the open road may soon be tainted, however, when they realize how much they are going to have to pay for car insurance.

When deciding what type of vehicle to purchase a teen driver may be tempted to get the first red sports car that comes into their line of vision. This is not going to help in lowering anyone’s car insurance. It will only succeed in showing the insurance company that they have taken a cue from Mario Andretti. No insurance company wants to offer discounted rates to someone who they feel will be racing around. Go for a reliable vehicle with the latest safety mechanisms instead. Having things like front and side airbags and an anti-theft device is a great way to lessen the cost. In addition, older vehicles are much less to insure.

Search online for car insurance quotes

Finding places that offer cheap car insurance for teenagers may seem like a daunting task but it is possible. One of the most important things when trying to get a good rate is shopping around at many different insurance companies. They all have different discounts and incentives to offer to safe drivers. It is so easy to go online and get insurance estimates and most insurance companies have this option set up right on their website for your convenience!

Your school grades count!

Try to get those A’s and B’s in class kids! By getting good grades and maintaining a 3.0 GPA or higher you can sometimes save up to 10% on your car insurance. Enrolling in driving classes at a reputable school will also aid in lowering your insurance costs. These things will show the insurance company that you are a responsible young adult that takes things seriously and that you are not just out to party.

Prove that you are a reliable teen driver

It is vital that prove to the insurance company that, while you may be young, you are mature beyond your years. You can do this by driving responsibly. Do not drink and drive. Make sure that you go the speed limit at all times so you do not get a ticket. You must keep your driving record clean. These embarrassing events will show up on your license for a long time to come.

Top 10 ways to get cheap car insurance for young drivers

admin — Fri, 26 Feb 2010 13:03:55 +0000

Insurance is expensive for young drivers, but there are some things you can do to avoid paying such outrages prices. The top 10 ways to get cheap car insurance for young drivers is a list of very simple methods that can help you get lower premiums on your insurance, and it’s mostly about having a clean record in and out of school, knowing what insurance company to look for, and having good driving skills.

Communicate with your teenager, try and make them understand the importance of safety and keeping a clean record.
Take driving classes. Having a record of special driving classes can take up to 20% off the original price. Insurance companies respond better to those they feel are educated.
Good grades affect insurance companies. If they see that you make good grades then that means you are consistent and responsible. This can take 10% off.
Make sure you keep your driving record clean. No speeding, running red lights, or tailgating. Always follow the rules and be extra careful. When a young person gets a ticket, it looks a whole lot worse for them then an adult over 21. Try not to get any tickets.
The price of insurance also depends on the brand of your car. Parents always want to get their kids new sporty cars, what they don’t realize is, the insurance on those sporty cars is more expensive, and every time they get into an accident it goes up that much more. If you buy them a less expensive one, the insurance will be less, and if an accident occurs, the insurance will still be cheaper.
Choose your insurance wisely. Don’t just pick the first one you see, look into it and see what your options are.
Having a driving curfew can be helpful; this keeps teens from being out late at night, and avoiding drinking and driving.
Using the Internet to search for insurance companies is another helpful tip, this way you can be sure to weigh all of your options carefully.
Add your teenagers to your policy. Add them as an additional driver; they will be included in your discounts.
Setting a good example is the best way to teach teenagers how to drive carefully and obey the law. If you don’t do it then why should they? With insurance companies, it’s all about your record, if you mess it up, that means more money for them. Be safe.

Ok, this is our top 10 list as of now. If you have any suggestions or tips on how to find cheap car insurance for teenagers please leave a comment below and we might add it to the list.