Finding car insurance for teenagers is just one of the trials and tribulations parents of today’s teens face. Having your teens drive is scary enough, much less the thought that they need insurance. Some insurance companies tend to look upon teenage drivers much the same way as convenience store clerks view gang bangers; with mistrust and disdain. Yes, they generate substantial business, but there’s an element of fear there too.
If your teens are now driving, or will be behind the wheel soon, there’s no time like the present to start getting all your ducks in a row. The first thing to do is choose the right car. You don’t want Junior tooling around town in your new Lexus. The ideal car for a teen is something safe, yet not too flashy. One very important consideration is how much the insurance will cost you. You could let them drive your old Audi, but that could cost you a pretty penny come insurance time. Remember the adage; more expensive to buy, more expensive to insure.
Mini vans are among the least expensive vehicles to insure for younger drivers. Another frugal choice is a Buick, Chevy or Honda sedan; all of which tend to have lower insurance rates. You’ll want to stay away from full sized SUVs and 4 x 4 trucks, as they tend to have overall higher insurance rates. Put a crazed youth behind the wheel and they’ll set you back a fortune.
Likewise, stay away from anything sporty, turbocharged, or supercharged. Insurance companies naturally assume the combination of a younger driver and forced induction spells trouble. Stay away from an old RX-7, 300ZX or Honda Prelude, unless the cost of insurance isn’t a big concern. The other thing to shy away from is anything custom. Body kits, custom paint, nice wheels, and expensive stereos all raise the liability for the insurers and they’ll pass those costs on to you. Make sure you let your kids know that if they add any of the aforementioned, it’ll cost them.
Something else you can do is limit their driving and get a policy for limited mileage. Many companies have provisions for part time drivers. You can usually add your child’s car under one of those provisions and see a reduction in your premium, from insuring them as a standard driver.
In today’s economic climate, you have to save money where ever you can. Car insurance tends to be one of most American family’s largest expenses, and if you have growing children, yours will increase when they start driving. However, following some simple tips can help ensure that if you need car insurance for teenagers, it doesn’t have to cost a fortune.
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