Pros And Cons Of Young Drivers Of Auto Insurance

There is nothing that gives teenagers a sense of freedom like being told they just passed their behind the wheel driving test. The last thing they think about is the hundreds and possibly thousands of dollars they will be spending on their car insurance. On average auto insurance costs drivers under 25 years old around $3,200. Fortunately, there are several ways to reduce your insurance payments.

A young driver may want to ask if his or her parents if they are willing to add their child to the parents’ existing plan. Since the majority of insurance companies take credit score into consideration when deciding premiums for their clients, a young driver may have lower rates by getting on his or her parents ' policy. A 16-year-old will most likely

Driving an "insurance friendly" vehicle can save you on your rates. Vehicles that have expensive repairs tend to be more expensive to insure simply because if the driver gets into an accident, the insurance company will need to pay more to repair the vehicle. Vehicles that tend to be popular with thievery also tend to have higher insurance rates because if a car is more likely to be stolen, so there are higher chances, if the driver has comprehensive coverage, the auto insurance company will have to replace it. High-performance vehicles can also be costly to insure. Drivers of sports cars tend to frequently make insurance claims, meaning that high-performance vehicles are more likely to have higher insurance premium. On the other hand, the more safety features and the higher the safety ratings a vehicle has, the lower the premium. This is due to the car being safer to drive and, therefore, safer to insure. One example of this is that insurance companies typically ask if a vehicle has automatic seatbelts and/or

Building up a good driving record is going to mean lower rates in the future. On the other hand, doing anything to taint that record can end up cost teen drivers, or any driver for that case, a lot of money. Getting into any accident is bad, but getting into an accident that results in injury or death will definitely cause any driver’s rates to spike up, and a teenage driver can be expected to get dropped from his or her insurance. Drinking and driving and/or receiving a D.U.I. ticket will also most likely cause a young driver to be completely dropped from his or her insurance and can make it nearly impossible to find any auto insurance company to insure them. If the driver is lucky enough not to get dropped, he or she should expect to pay a very higher rate for the next 3-5 years. Being involved in a traffic crash and or receiving a traffic citation will also impact a teenage driver’s premium. If he or she manages to be at fault for more than three accidents or to rack up more than three traffic citations, that teens should expect to face cancellation or non-renewal, if they 're lucky enough to stay insured it will end up costing them big time. Maintaining a good driving record is can get you Good Driver Discounts/Claim-Free Discounts. Most auto car insurance company only offer one or the other.To qualify for these, the driver must avoiding at-fault accidents and having a clean driving record free of violations like speeding, reckless driving, and