Buying Inexpensive Auto insurance For your Teenage Son
Your son has just received his license and with that, a new found feeling of freedom. Now you ask how to get cheap auto insurance for my son ? Car insurances can differ dramatically in price so read on to find out how to purchase car insurance that’s affordable for your teen drivers.
Because teenagers lack driving experience, insurers consider them as high risk to insure and thus the premiums assigned are much higher than an adults insurance rates would be. There are a couple of things you can do to aid decrease the rates you pay for your teen drivers.
First, you have to emphasize to them how vital it is for them to keep a clean driving record. That means driving safely – no speeding tickets, no traffic violations, and no accidents. Through a period of time, their safe driving will be rewarded with lower premiums.
You are able to as well decrease their rates by purchasing insurance with a higher deductible. The higher the deductible is, the lower the premium is.
If you’re going to be buying a car for your teen, select a vehicle that’s built well with extra safety features, and don’t select a vehicle that falls into a sports class or higher risk rating class. Be sure to check the class the vehicle falls into.
The graduated licensing laws have come into effect in almost all states in the USA and some provinces in Canada. The rules will vary from one location to another however the basic underlying philosophy is to restrict new drivers by limiting what their license will allow them to do.
They might be issued a full auto license like a class 5 but there is usually a letter designation behind it to indicate they’re a new driver. These new drivers have nighttime driving restrictions, vehicle occupant restrictions, and a 0 alcohol tolerance restriction to name just a few. They’ll also be required to take an additional test after a specific period of time to remove them from the new driver programmer.
But you are still questioning where to get low-cost auto insurance for my son? Teenage drivers can significantly reduce the cost of insurance by buying a stand alone policy from an agency which specializes in providing teen insurance. A stand alone policy means they are not added as an additional driver on your insurance but rather carry their own insurance.
These insurance companies decrease their risk for insuring teens by placing particular concessions on the driving habits of them. They might require driving school, no driving after dark, or numerous other restrictions which allow them to keep the premiums lower for teen drivers.
The statistics for teen drivers are not good. A 16 year old driver is ten times more probable to get into an accident than an adult between the ages of 30 and 59, so you can see why insurance companies are reluctant to provide good rates.
The best thing you can do for your teenager and his or her insurance rates is to teach responsibility and make them accountable. Make them earn your trust for the use of the car, and make them accountable to pay at least a portion of their insurance premiums. They can do this by working a part time job that also breeds maturity, so it is a win-win completely.
You and your teenager are thrilled with the new found freedom for both of you. So now you have to do your homework and research teen insurance rates so that you can get them on the road. What are you waiting for?
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