Confirm your teen drives a guarded vehicle to lower premiums
On sample, teens are the most expensive type of Chauffeur to insure, according to MSN Cabbage Central. Adding a teen to an insurance policy can payment up to twice as still as an person's premium. Insurance companies tend to charge the most for teens since they are statistically the worst drivers and most accident prone. Nevertheless, a family can mitigate these costs by bewitching steps to practise the teen safer.
Driving Statistics
Teens are not lone the worst drivers, nevertheless they tend to end a formidable percent of costly accidents. Machine accidents, For instance, are the figure one killer among bourgeois 15 to 20 agedness debilitated. Teens were again authoritative for 12 percent of all Car accident fatalities in 2008, according to Rocky Peak Insurance Cue College. 15 to17 year aged drivers payment a complete of $34 billion in medical, Belongings and other related costs to insurers in 2006.
Male Drivers
Boys aged between 15 and 18 are generally the most expensive to insure.Van insurance companies mannequin teen insurance rates on enhanced than due federal driving statistics. There may be many changed factors that play into the premium rate. What kind of car the teen drives, the accident rate of the city in which the family resides, the deductible and if they are on the parent's policy also play a large role, according to MSN Autos.
Tips
According to the Insurance Confidence, teen males caused twice as many van accident fatalities as teen girls. On the contrary, this does not translate into even deeper than a unusual dollars to per month on a premium.
Other Factors
Adding a teen to an existing policy comes with a discount, according to Edmunds. Ensuring the teen receives high marks (a 3.0 GPA or higher) comes with about a 10 percent reduction in premiums. The type of car is important too. Families should avoid giving teens sports cars--they are usually less safe than a modest four-door sedan. Also, if a teen gets a traffic violation, it's important to ensure he takes a driving safety course--if allowed--because this usually removes the citation from his record, and means the insurance premium will not increase too sharply.
New or Old Vehicle
Although it costs less to insure an older car for teen drivers, parents should also consider the added risks, according to Insurance.com. New cars have the latest safety features, and an older car may not have anti-lock brakes, which requires a different emergency breaking procedure. Also, old, small cars typically do not qualify for a safety discount and put the teen at an added risk for a fatal accident.
