Imagine you are a 16 year old driver fresh out of driving school and you want to know how much it will cost for car insurance. Or you can imagine you are a parent of a young driver and you want to know how much is car insurance for your new teenage driver.
This is not going to be pretty. So you may want to sit down.
But there are a few ways to get some "cheap" car insurance even for a young driver with very little driving experience.
Insurance companies base their insurance rates on risk. If you are considered a high risk driver you will pay a high premium. If you are a low risk and safe driver, you will pay a lower premium.
Young teen drivers usually have very little driving experience and may or may not have attended drivers training school.
There is a lot to learn about how to drive and merge with traffic and make correct turns and just plain drive. It takes more than a few months to learn to do this well. Some people still have a lot to learn after several years of driving.
When you add all these factors up, you come up with statistics that show young teen drivers are one of the riskiest groups to insure out of all the drivers out there on the road.
If you are a parent and want to know what it will cost to add your young son or daughter as a driver on your policy, sit down because your monthly insurance premiums are more than likely going to double if not triple. And that's just for adding them as a driver.
That's not with them driving their own vehicle. When you add them with their own vehicle, look out.
You can easily add $200 to $300 a month and more to your monthly bill.
Especially if you give your kids the kind of cool car they want, like a Ford Mustang or Chevy Corvette or Camaro. With these kinds of cars you are just asking for high car insurance rates.
Whereas if you got them a less cool car like a late model Toyota Corolla or Camry or Honda Accord you will have a lower rate in most cases. These kinds of cars are family cars, safe and reliable and usually cost less to insure.
Another way to save money is to shop around. You may find a company that has a lower rate for just your teen driver and their own vehicle on their own policy. Car insurance is a very competitive business, that's why you see so many TV commercials from all the major companies.
Adding a young driver is a very costly expense. You can keep your costs low by being a smart consumer, shopping around, and encouraging good defensive driving habits.
Shop Now For The Best Cheap Car Insurance Quotes And See How Low Your Monthly Insurance Payments Can Be. Get answers to all your car insurance questions at http://www.rsninsurance.com/ and save money each month on your auto insurance. Article Source: http://EzineArticles.com/?expert=Adam_Tijerina |
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