Allowing your teenager to drive on their own can have many advantages. One of which is the convenience of not having to drive them from place to place. Yet they must truly acquire the responsibility to handle a automobile on their own and must meet the required age to secure a license. Of course, in order to prevent this additional automobile to become a financial burden, the price of the car, its maintenance and insurance coverage must be reasonably affordable.
The fact is that most insurers charge (much) higher auto insurance premiums for teenagers. To the insurance companies, most teen drivers are more reckless and accident-prone than adults. This is at least true when you look at claims statistics.
Fortunately there are ways to lower the auto insurance premiums for your teenager’s car. These pointers might help you get a superior price from the insurers – in the long run and in the immediate future. These are tips that can help you enjoy the benefits of letting your teenager own a automobile without burning a hole in your pocket:
1. Clean driving records. Well, this applies to any driver, especially teens, due to the tendency for auto insurers to slap them with higher-than-usual insurance premiums. Accentuate to your teen the importance of perceptive traffic laws and of having a clean driving record. Speeding tickets and other traffic violations instantly inflates their auto insurance cost to the stratosphere.
2. Increase the deductible. Auto insurance premium goes down as the deductible increases. However do take note that you’ll have to pay for the deductible amount in the event of an accident. So increase the deductible only to an amount you’re comfortable paying for.
3. Make and model of car. Some automobiles are categorized as more “hazardous” than others. Therefore their insurance premiums are higher. Sports automobiles attract the highest premiums, so refrain these. Select an automobile that has a lot of advanced country features built into it, and preferably one with a lower engine capacity.
4. Limit mileage. Advise your teen to drive only when necessary. Higher mileage tends to attract more bills –- higher auto insurance bills, gas bills, maintenance bills, et cetera. They certainly love joy rides, yet you’ll have to get them to schedule these activities and limit them to reasonable frequencies.
For teenagers, getting their own automobile evoke feelings of freedom and adulthood. They have probably spent some time fantasizing about arriving at a celebration driving their brand new automobile with their partner in it. And if you’re healthy to find an ordinary-looking, second-hand automobile that has a lower engine capacity, chances are you’ll be healthy to get a automobile with a reasonable price and inexpensive automobile insurance.
You might want to think about installing some anti-theft devices (like steering wheel locks, fuel cut-off devices or GPS tracking devices) on the automobile as well. This might not only reduce the insurance premiums, it is also a way to protect the automobile from theft, which might result in a bad financial loss.
Most importantly, help your teens be accountable for their vehicle. You can also encourage them to pay for part of the auto insurance or fuel cost. In the long run, their auto insurance bills will start to see a decline and paying for their automobile insurance does become more affordable.
Carl Vouz is a prolific writer for the automobile enthusiast and auto insurance community. His articles are publicized widely and has helped automobile owners implement tips that only professionals know.
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