Learn to Drive - Factors Affecting Car Insurance Rates
Teenagers learning how to drive a car are affected by many factors when obtaining car insurance . Expensive rates does not mean you got the teens the best policy. Therefore, always know the factors that determine the rates of insurance to get the best for them in every way, which includes the price and protection.
The most common factors are driving record, age, type and mileage of car being insured and if the teen has a driver ed certificate. An additional factor is if the insurance is for the family car (an add-on driver) or for a separate car owned by the teen.
A teenager who has just started learning to drive a car has very little experience in driving a car and it is good for them to get extra driver training courses to enhance their driving skills. These courses can guide the teens and provide them with the basics of driving a car. Having taken these courses will help teenagers’ driving record look better. Many insurance companies offer a reduction if the teen has passed a Driver Ed course as part of the basics in learning how to drive a car.
Teenagers who are just learning to drive a car will also be imposed with stricter regulations such as zero alcohol tolerance level while driving a car. Teenagers should always know and follow these regulations as well as abide by common traffic rules. This will help avoid any offences that will add to the cost of insurance.
Some insurance companies offer a reduction in car insurance for teenagers who perform well in school. Teens should first search for these companies and take up plans which offer attractive discounts for students who achieve the minimum requirement for the discounts. For example, there are special insurance plans for students who are able to get at least A’s and B’s and reduce their premiums by high as twenty five percent.
The type of cars driven by teenagers also plays a vital role in determining the rates of car insurance for teenagers. Teenagers should not drive cars with very high risks of involving in accidents. Expensive cars are a no-no as well because they are very prone to being stolen. These types of cars need high costs of repairing and therefore, higher rates to insure. Insurance companies are more comfortable with teenagers who drive older and heavier cars which are well-maintained. Teenagers find it harder to drive recklessly with these kind of cars and therefore, less susceptible to accidents. Older cars also have lower value which encourages the dropping of collision and comprehensive coverage. This will help reduce the costs of the insurance coverage
Car insurance for teenagers is an expense that is inevitable when our teens start driving a car. Hence, it is vital that we know the factors that will influence the rates of their car insurance.
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