Auto Insurance Policies For Teenagers

articles — Sat, 22 May 2010 12:19:54 +0000

Auto insurance for teen drivers is notoriously expensive. There is a good reason for this, which is statistical evidence. According to research, car crashes are the foremost cause of teenager deaths, and teen driven car crashes are more likely to cause death or injury than others. So, now you know why teens and seniors have to pay more for auto insurance. It is teens that have to pay by far the largest insurance premiums though. Adding a teen to an existing policy offers no escape either, as doing simply hikes up the price of it. Teen drivers can put a huge dent in your insurance budget. You can, however, try to find rates lower than the highest premiums possible, and try to make a difference over the years. One of the first steps is to get the right help. You can do a little research online, but you should speak to an insurance agent, who specializes in auto insurance for teens or seniors, sooner rather than later. They can help you to get a policy that will enable you to avoid paying out of pocket for an accident. You may well find that there are various discounts that you can take advantage of. For example, teens with good grades are often seen as a less of a risk, and so a discount on the auto insurance premiums is given. The car that the teen will be driving is, of course, important too. Buy a safe, low profile, and preferably old, vehicle for your teen driver, with airbags and anti-lock brakes. The less ‘cool’ it looks, the cheaper it will probably be to insure. You can also choose to “self insure” the car if it is old and inexpensive, and pay for the damages to your car out of pocket if your teen is in an accident. A teen driver monitoring device is something else to consider. You can definitely make your money back on buying one as you get good discounts for having one installed. The reasons is that it prevents teens from speeding, and speeding is the main cause of accidents.

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Making Sense Of Those Car Insurance Policies And Terms

Car Insurance Buyer — Sat, 14 Nov 2009 07:37:44 +0000

When it comes time to get auto insurance for your car, you will be faced with a number of decisions about the various types of available insurance. Basically, there are six different parts of an insurance policy. Some of them are mandatory when you purchase car insurance, and some may be optional. Here is a brief explanation of the different types.

Collision Insurance

This is the part that allows your car to be paid for when you get in an accident. If you were to hit another vehicle, have another vehicle hit your car, or you hit another object (such as a tree), then the damage to your vehicle is covered. It also will cover your vehicle in the event of a rollover, too. There are some exceptions, such as stunts and racing, which will void your being covered during those events.

Comprehensive Insurance

This coverage will protect your car in those events that are not listed under Collision Insurance. This means that if your car were caught in a fire, flood, is vandalized, stolen, or damaged by falling objects, then it would be covered. For older cars, you probably should just drop this part of your policy.

Medical Payments

This part of your policy provides medical coverage for any bodily injuries to you or your passengers while you are driving. It also covers people who drive your car with your permission, or you and passengers when you are driving someone else’s car. Funerals are covered, too, in the event of any deaths that may occur. It may also be called Personal Injury Protection in some states.

Bodily Injury Liability

Whenever you get sued because of a bodily injury or a death, then this part of the policy covers you. There are a number of exceptions under this part of the policy as to who may not be covered and under what circumstances. It would be a good idea to familiarize yourself with them – or the liability for a lawsuit may fall on your responsibility unnecessarily.

Property Damage Liability

Any property that becomes damaged as a result of your driving, or if your vehicle is driven by someone that you gave authorization to, it is covered under this part of the car insurance policy. This part is usually written together with the Bodily Injury Liability.

Uninsured Motorist Coverage

This is for that other guy who did not bother to buy car insurance. With more than 25%PRCTG% of motorists being uninsured in some states, you definitely need this. It will also cover you in the event of a hit and run driver. It is not available in all states.

Each of these sections of your policy can be adjusted by you in order to lower your car insurance rates if necessary. Ask your insurance agent what the recommended limits (legal) amounts are, and go from there upwards. You should seek to have these minimums – and more, if possible. You can also reduce your insurance costs by raising your deductible amount to %500 or %1,000.

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Auto Insurance Policies For Teenagers

Making Sense Of Those Car Insurance Policies And Terms