There it is Your daughter or son has just obtained his or her drivers license and you are now faced with the difficult task of finding low cost car insurance to cover her/him physically and to safeguard you both financially.
Car insurance estimates can vary widely. One thing that is consistent is that car insurance for teenagers, unfortunately, is the most pricey and without some general guidelines you could end up paying a lot of money to keep your teenager driving and on the road. Most likely you'll want to keep reading for tips on how to locate low cost car insurance for teenagers.
Were going to face facts. In their mid to late teens, they haven't had the necessary road experience to be considered anything but high risk by insurance companies. There are a few things you can do to make the most out of any car insurance quotes you receive.
In this day and age, knowledge is power. And its the duty of parents to pass on our knowledge to our offspring.
Driver Safety The single most important lesson you as a parent need to talk to your newly licensed teen is a keen regard for road safety. A lack of safety awareness is a contributing factor in many unnecessary accidents and deaths around the globe every year.
If you dont have the skills or the time to teach them yourself, then make sure you send them to a licensed driving school where they can learn from trained experts. Most high schools in the US offer their students a basic drivers ed and defensive driving school.
Clean Driving Record The driving record of you teenager will have the most influence on your car insurance price. If your teen has no traffic violation or accidents on their record, then the cost of the premium will decrease over time. If you would like to instill a sense of resposibility in your teen - make them pay all or part of the insurance premium. This will hurt them in their pocketbook if they get into any auto accidents.
Type of Vehicle The type of vehicle your teen drives is influential on the car insurance price too. The price difference between family car insurance, collector car insurance and sports care insurance is vast. Statistics show that red vehicles are more prone to be involved in auto accidents than any other color of car. In the industry, 2 door cars are considered to be sports cars. Premiums on sports car insurance are higher than any other category of car. If your teens specified vehicle is a red 2 door car, then it is going to be very difficult to find low cost car insurance. Try to get them a sensible car to start out with.
Safety Features Cars with a high safety rating and a multitude of safety features will help you obtain lower cost car liability insurance. Volvos and Saabs are considered by many to be the safest vehicles on the road. The investment upfront in one of these cars will pay off over the months in lower premiums.
Deductibles You will find that you can reduce your car insurance price by opting for a higher deductible. In most cases the higher the deductible, the lower the monthly premium. It also means it will take more damage before the insurance company will start to pay out.
Discounts When searching for cheap auto insurance and getting car insurance quotes from a car insurance broker, find out what kind of discounts are available for things like: drivers education credits, clean driving records, defensive driving coarse and multiple car policies. The competition in the discount auto insurance industry is very competitive. Some car insurance brokers and companies are eager to offer larger discounts to attract customers than others.
Buy Car Insurance Online The easiest way to whittle away higher quotes and zero in on a company who offers low cost car insurance for teenagers is to get quotes from more than one company and compare their car insurance quotes. You can either visit each company's website directly, visit a car insurance broker or search on a website that specializes in auto insurance comparisons. Esurance.com and Insurance.com are two of the leading sites for auto insurance comparisons.
If you follow this simple advice, you will find that finding low cost car insurance for teenagers isn't all that hard. So you can watch your wallet and know your child is adequately covered for peace of mind.