Do you have a son or daughter that is between the ages of 15 and 20? Are you shocked at the exorbitant prices that car insurance companies want to charge you? Do your homework and learn all about car insurance for young drivers.
When young drivers first start out they are inexperienced, and they are a high risk for the insurance companies. Teens like to show off to their friends, take unnecessary risks and drive too fast. For the first time in their lives they have the power of a motor in their hands, and they enjoy trying it out to the fullest.
Read over the following information to help you better understand the risk insurance companies face when they insure young drivers. An NHTSA report made to the U. S. Government in 2008 gave the following statistics. Car accidents are the leading cause of death in teenagers. Among drivers between 15 and 20 years of age, 3, 490 were killed in accidents, and another 272, 000 were injured in 2006. This same age group had a higher rate on the number of fatal accidents per 100, 000 accidents than any other age group. These statistics are caused because of the teenage drivers immaturity, inexperience and higher propensity towards risk taking.
Insurance companies are more apt to charge higher rates for young drivers because they have more accidents, show aggression on the road, overlook traffic laws and love to show off to their peers. One traffic ticket will drastically raise their insurance premium, while proving that they are consistently good drivers will lower their premiums.
Car insurance premiums for young boys tend to be considerably higher than those same premiums for young girls. Research has shown that boys drive more recklessly than their girl counterparts.
There are a number of things that can lower the insurance premiums for young drivers. Probably the most important thing to consider is the type of car they drive. Brand new, fast, sporty cars carry the highest insurance rates. In order to pay less insurance, choose an older, family style car with a small engine. Take a driver s education course. Avoid adding extras to the car to make it look flashy. Limit mileage. Insurance companies know that the less time young drivers spend on the road, the less risk the company will have.
One thing few parents ever think of is the need to help their young driver establish a good credit record. If a young driver can show the insurance company that he has good credit and pays his bills on time, the insurance company will recognize that he is responsible, and his premiums will be lower.
Another important thing the young driver can do is maintain a clean driving record. Avoid accidents and strictly follow all driving regulations. Don t break any traffic laws, follow other cars too closely, speed or drive under the influence. By avoiding traffic violations and accidents, a young driver can lower the cost of his car insurance considerably.
Yes, car insurance for young drivers is expensive. However, by following the tips that are listed above, all young drivers can opt to have lower car insurance rates.
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