Finding Cheap Car Insurance For Young Drivers in the United States
To get cheap car insurance for young drivers, usually between the ages of 16-21, you must first determine what type of coverage you want for the driver and then factor in how much you are willing to pay for the coverage. In Florida for example, drivers are required to carry PIP (Personal Injury Protection) to cover medical expenses for the insured driver themselves, whereas, in Ohio, liability coverage is only required for drivers to have. Regardless of where you live, there are many questions you should be asking about before you get your policy.
Important Questions on Insuring Our Young Adult Drivers
As much as we as parents worry about our young teenagers getting behind the wheel of a car and entering the world of driving, the fact remains that there's nothing really that we can do about it but to accept this new reality, teach them proper safety habits, and make sure that our teenagers are well insured.
Below are some FAQs that are commonly asked about car insurance for teenagers...
Why are auto rates for beginners drivers so expensive?
The cost of car insurance for teenagers usually varies with different teen drivers as there are a few teen drivers who have a worse driving history with a higher rate of accidents and many costly accidents than others. A large sum of interest rate is generally paid by male drivers under 25 years of age. The rate again differs on if he is the main driver of the car that is insured, whether he owns the vehicle and whether he is married or not. However, this high accident rate has also been observed with female teen drivers and as a result, the insurance companies have higher rates for car insurance for teenagers.
Is it possible to be added to the parent's auto policy?
You can only be added to your parent's car insurance policy if you drive a family car. However, you will find a rise in the cost of the policy. If you own a separate car then the insurance company of your parents will offer you separate car insurance for teenagers policy at a different rate.
Does age matter when taking out a new policy for my teenager?
Probably no, this is as long as you have a valid driver's license. However, in some of the states, you should be above 18 years to own a car and the driver's license to get car insurance for teenagers.
Is the rate affected if during accidents or if a traffic violence ticket is issued?
If you are not the culprit for the accident then the car insurance for teenagers will not be affected. However, if you are found at fault for a really serious violation that racks up expensive property damage, then your rates might increase when you renew your insurance policy. This is because you will be categorized into those with a higher risk of driving and you can never shift back to accident-free ground.
If I loan my vehicle to a friend and they get into an accident are they covered?
In most of the cases, the person using your car with your permission is covered under your car insurance for teenagers. However, you should also know that if the person driving your vehicle with your permission is involved in an accident, the insurance company would cover just assuming that you were the driver. In a few states, the insurer might even limit the coverage.
Is it right to report all the accidents to the insurance company?
Definitely yes, it is important to let the company know about all your accidents although you might not end up in filing a claim for coverage. However, if you do not report these incidents then you might even have the risk of being sued by the opposing party and your insurance company might even not be able to defend strongly on your side.