Frequently asked questions about car insurance for teenagers
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.
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