Car insurance helps in providing for risk and uncertainty against accidents, theft, robbery, vandalism or coalition. Teenagers driving sound crazy as most teens are involved in accidents due to carelessness and lack of supervision. So, it is very important to get teens insured. The teens get distracted easily and get involved in an accident which can be fatal as well. It is even difficult to get these teens insured than the older teens. So, here are the best ways in which teens can be insured:
- Age factor
Getting the younger kid insured is much costlier than the elder kid. Just suppose the younger one is 17 years old and the elder one is 20 years old, the cost of insurance for the 17-year-old would be more than the 20 years old one. It is because of the experience factor. The insurance companies assume that the 20 years old might have gained some experience whereas the 17 years old is just new on road. So, insuring the younger one is costly than elder.
- Choose a cheaper car
As a parent, try to buy a car that is cheap so that it is easy to get insured and hence premium is low. Buying a cheap car doesn’t mean that you buy something whose parts are difficult to get or something that is not produced anymore. This will make it worse as the maintenance of cars would be costly. So, find a standard car that is easy to be insured and premium to be paid is low.
- Special discounts for teens
Despite the fact that teens are eligible for insurance still, it is very costly to get them insured. In order to reduce the premium, teens can enjoy discounts. Insurance companies offer special discounts to teens if they get good grades. This helps as motivation for teens as well as they want to perform well. The requirement of grades for getting such discounts is not too high.
- Monitoring is helpful
Many insurance companies provide parents of teens the option of monitoring their children. They install devices to their cars that tell parents their exact location, speed of the car, how often they had to apply hard break, whether they are wearing a seatbelt or not and sometimes offer two-way communications as well. These devices are a bit costly to install and also some companies charge monthly fees for monitoring.
- Spread education
Insurance companies believe that driver’s education courses to teens can help in giving them knowledge so that they can know how to be safe on roads. These courses help in lowering insurance costs.
- Go for the higher deductible
Parents usually add teens to their existing insurance plans as buying an individual plan for teen are more costly. But sometimes premium even goes high when the teen is added to the existing plan, in such a case go for the higher deductible. It means that one has to pay only if something happens rather than month to month basis. It is possible in cases where teens are trustworthy that they will stay careful.
- Other discounts
The family can enjoy a discount if multiple vehicles are registered under a single insurance policy. In case the teen has his own personal car, they have to buy an individual policy. But buying a single policy for the teen is costly so it is better that parents bundle up the vehicle of their child under the same insurance policy.
So these are the best ways of getting car insurance for teens. All the above-mentioned points help in getting the cheap and best car insurance for teens and leave parents tension free.
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