Car Insurance For Teenagers: Why Is It So Expensive?
As parents, you might be just as excited as your son or your daughter when buying their first car. And so you go to the car dealer, get the model you want for your son or daughter and prepare to sign a check for it. But when you learn about the car insurance premium you are to pay, you get shocked and ask, "Why is the car insurance for teenagers almost worth as much as the car itself?" Well, your son or daughter is 16 years old. That alone is a big factor to consider.
Your choice of a car for your teen driver determines part of the auto insurance premium you have to pay. You can buy him a brand new sedan, a sports car, or a run-down vehicle. It's your choice. But the insurance costs would vary greatly with each vehicle.
Other than being a young, new driver, insurance companies can't make an exact assessment as to how well your teenager drives. This forces them to bestow the highest possible premium they have on their charts. Everybody knows that drivers with no accident and traffic violation history enjoy low premiums. However, those who frequently visit car repair centers due to collisions have no choice but to pay for sky-rocketing costs every month.
Going back to the car you will give to your teenager, the insurance provider would check the car's safety features first. Is the car totally safe to drive? Does it have features that can protect the driver and its passengers? Is the car easy to handle and isn't too fast for a teen driver? Is the vehicle new and is not likely to be sent for repairs any time in the future? These are the things that determine the price of car insurance for teenagers. Now that you know them, you can do your best to get the premium lowered.
The driving knowledge and habits of your young driver is also a factor to consider. But again, since insurance providers don't have enough data to support this fact yet, they would use your son or daughter's report card to assess their attitude on the road. Studies show that teenagers who perform well in school tend to become a more responsible driver that those who are getting low grades. And so teens who have a general weighted average of B or higher in school is given lower premiums that those whose grades are lower.
These are just some reasons why car insurance for teenagers gets a little expensive. Parents concerned about premiums can now look for some work around in the assessment process of providers. But then again, parents should be more concerned of their teenager's safety on the road rather than the amount they have to pay annually for the policy.
Related Tags: insurance, car insurance for teenagers, car insurance for teens, car insurance rates for teenagers
Sal provides expert advice on car insurance for teenagers by writing articles about auto insurance rates for teenagers and other topics.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Motor Trade Rundown
It is not just cars that must be insured on British roads, every type of motor vehicle is required b - Claiming Compensation For Defective Products
Compensation claims for injury and damage caused by faulty, defective products normally target eithe - Ideas To Uncover Affordable Rate Auto Coverage
These days, everyone is looking for ways to lower expenses. Certain costs like home and car insuranc - Should It Be Illegal For People To Drive Without Vehicle Insurance?
There are many drivers on the road who drive un-roadworthy vehicles. The worst part is not that they - Do You Need Static Caravan Insurance?
Static caravan insurance is an automobile insurance that deals with vehicles that are used while on - Insurance - Tool For Personal Finance Planning
Financial planning is must for every individual. When we start saving money for our goals, there is - Family Life Insurance Policy For The Families Staying In Dubai
The main motive of insurance policy is to give financial security to the person's family especially - Buying Temporary Health Insurance In Florida
You are the resident of Florida? You are between jobs and therefore are not looking for a long term - Car Insurance Is Of The Utmost Importance In Today's Lifestyle
In today's hectic lifestyle we are always rushing to get from one place to another, whether it be ru - Health Insurance Companies Are Using New Laws As An Excuse To Raise Their Rates
Government officials are cautioning insurance companies to stop utilizing scare tactics to steam up
Most viewed articles in this category:
- International Health Insurance: Insure Yourself While in Go
We all will agree that whether we are living in our home country or abroad, our health needs constan - It's Never Too Early to Buy a Long Term Care Health Insurance!
Most people delay buying a long term care health insurance because they think that it is too early t - Home Owner Insurance Quote: Stay Safe!
Your house will not be fully secured until and unless you have a home owner insurance policy. A home - The Benefits of Health Insurance Are Immense!
Almost everyone in this world has fallen ill sometime or the other. Apart from illness, many people - What Happens When You Make An Insurance Claim?
If you've never filed a loss claim before, you might feel nervous and confused about the whole proce - Pet Health Care Insurance: Show your Pets That you Care!
Having a pet in one's household is a joyful experience. It can provide you with entertainment, compa - Three Ways to Buy Long Term Care Without Paying Premiums Out of your Pocket
Stop 100 people over 65 on the street and ask them if they will ever need to go to a nursing home an - Protect That Bauble: Engagement Ring Insurance
Engagement ring insurance can protect your bauble in case a worst case scenario happens...So you've - Do I Need Diamond Ring Insurance
If you have to ask whether or not you need diamond ring insurance you probably do. There's somethin - Choosing a Benefits TPA
The use of third-party administrators (TPAs) is one of the hottest trends in insurance today. Accor
