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Car Insurance Quotes For Teenage Drivers

September 22, 2009 By Leave a Comment

Car Insurance Quotes For Teenage Drivers
Car insurance companies put teenagers in their own group for many different reasons. The first reason is that they lack experience compared to other drivers and that means that they haven’t been in as many situations where they have had practice reacting to the situation. The second reason is that they have not demonstrated their driving ability and don’t have a safe track record behind them. The third reason is that statistics show that teenage drivers have a higher than normal risk of being involved in accidents with other drivers or with “permanent structures” like telephone poles, stop signs, buildings, etc. Because of these statistics, insurance companies put teenage drivers in their own group and charge higher premiums.

The good news is that although insurance companies charge teenage drivers higher rates, they can still shop multiple insurance companies for the best quote available on teenage driver car insurance. When getting a quote from a company, they will ask about the driver, the car and the area and how much the teenager will be driving.

The easiest way to get multiple teenager driver car insurance quotes is to enter your zip code below and you will be shown many of the nations top teenage driver car insurance companies who you can request a quote from. Getting a teenager car insurance is not difficult to do and only takes minutes — and you might be surprised at how much money you can save just by shopping around a little bit.

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Filed Under: Auto Insurance, Teenage Driver Tagged With: , , , , , ,

Your Teenage Daughter Needs Car Insurance

June 16, 2009 By Leave a Comment

Many people with teenage drivers have questions about what the best way to save money on teenage driver car insurance.

From the Star Tribune:

Question:

We have a 16-year-old who will soon get her driver’s license. Do we have to add her to our insurance? The research I’ve done shows that auto insurance coverage is for a particular car, not for a specific driver. So my insurance on my car should cover any driver, including my daughter for occasional use of my car. But my insurance company and other insurance companies I’ve contacted say I need to buy additional coverage for my daughter. But it would essentially double my annual premium. I hesitate to accept their word on the matter. Can you help?

Answer:

Car insurance is not for a particular car, said Mark Kulda with the Insurance Federation of Minnesota. Your insurance coverage follows you, and that includes into a rental car.

In an accident, a person’s own personal insurance policy takes precedence over the car owner’s policy. If you are in an accident while borrowing a neighbor’s car, your own policy is tapped first.

If there’s a claim while your uninsured daughter is driving your car, it would be on the policy of you, the car owner.

She will have to be listed as a driver on your insurance policy. If that means your premium merely doubles, that’s a good deal. Triple is more common, Kulda said. The risks are higher for new drivers because they get into many more accidents, so the rates are higher, too.

If you are wondering what your options are for your teenage driver car insurance solutions — be sure to get multiple quotes from multiple insurance carriers. You might be surprised how much different the rates can be between companies for teenage driver car insurance!

Filed Under: Auto Insurance, Teenage Driver Tagged With: , , ,

Teenage Driving Insurance

June 3, 2009 By Leave a Comment

Finding the right deal on teenage driving insurance can save you quite a bit of money. You might be surprised at how big the differences can be when searching for teenage driving insurance quotes.

Teenage drivers are known to be a big risk for insurance companies – and it is for many different reasons. They lack experience, they are often in dangerous driving circumstances and recent research indicates that important mental functions, such as reasoning, self-control and judgment don’t mature until the late teenage years, much later than when teens first learn to drive.

Inexperience combined with lack of judgment helps explain why young drivers are a high risk to insure:

Car crashes are still the leading killer of people age 15 to 20.
Young drivers are three times as likely to die in a crash as those aged 25 to 64.
The younger the driver, the more accidents: The crash rate for 16-year-olds per million miles driven is nearly three times as high as for 19-year-olds, and nearly six times as high as drivers aged 20 to 24.

teenage-driving-insurance-quotes

How much more does it cost to get teenage driving insurance? Don’t be surprised if you see your premiums spike 50-200% the minute you add a teenage driver to your policy.

For example, a couple living in California might pay an average of $2324 for car insurance before adding their teenage son to the policy. That same couple would see their premiums go to $4,562 — a 96% increase just by adding their son. If they have a ticket or accident – the tab could be much, much more.

What is the average cost for teenage driving insurance? Be sure to check with your current insurance company and also shop around for the best rates. You might be surprised to see how much you can save just by shopping.

Shopping for teenage driving insurance is free and it only takes minutes!

Adding Junior would boost the tab to $4,562, a 96% increase. A ticket or accident could boost the tab $1,000 or more — sometimes much more.

Still, there are ways to bring down the costs. I interviewed several insurance-industry executives for the inside scoop on how they saved money when their own kids got driver’s licenses. The insights they offer could help lessen the financial pain you’re about to experience.

Get Your Free Teenage Driving Insurance Quotes Now!

Filed Under: Auto Insurance, Teenage Driver Tagged With: , , , ,