Find Teen Car Insurance In Budget
A teen can double or triple a family car insurance premium, but it is usually best to leave them on the family policy. In some cases, it may work out to give the teen his or her own car insurance policy, especially if you have purchased an older and safer car that is only for the teen’s use.
Teen Driver Car Insurance Discounts
Most parents already know about good student discounts because they get advertised a lot. If your teen keeps up a B average or better, you may be looking at a 25% discount right away! An approved driver safety course can cut another 10% off. Safety features and anti-theft devices will cut even shave off even more.
As we said before, in most cases, you will do better to combine the teen’s coverage with existing adutlt coverage and other policies (like homeowners) for a multi-policy discount. However, do not assume that your existing insurer is the most friendly company to teens, or that they will give you a break out of loyalty.
Take about 4 minutes to get competitive car insurance quotes: Car Insurance For Teenagers Rate Quotes
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Insuring Your Student
Insuring your student
You’ve gone on countless campus tours, stocked the fridge and helped them unpack. But have you thought about insurance?
Insurance coverage is one of the most important and overlooked aspects of sending your kids off to college. Make sure you are asking the right questions.
Are my child’s belongings covered under my home insurance policy?
Renter’s Insurance
While some homeowner’s insurance policies protect belongings outside of your home, most do not. If your student’s belongings and liability are not covered under your policy, renter’s insurance could be the solution. On average, an inexpensive policy’s premiums fall between $150 and $200 per year for $15,000 worth of coverage.
If my student drives someone else’s car, will he or she be covered by my auto insurance policy?
Auto Insurance
If your son or daughter doesn’t take a car to college, you could save up to 20 percent on your auto insurance. (Not to mention all those parking tickets.) But most experts will advise against dropping your child from your policy altogether. If they get into a fender bender while driving a friend’s car, they won’t be covered.
If your child takes his or her car to a school in a metropolitan area, your insurance rates could skyrocket. Contact your insurance agent to discuss coverages and what sorts of premium adjustments to expect.
Is my student covered under my health insurance policy while at school? Learn more in this article about discount car insurance for teenagers.
Health Insurance
Imagine a 14 x 10 foot room, bunk beds, overflowing laundry baskets, dirty dishes, poor ventilation. It’s college: a veritable breeding ground for all kinds of bacteria and viruses, from the common cold to spinal meningitis. Not to mention young adults ages 19 to 29 are more likely than any other age group to sustain injuries that require emergency care. And most health insurance policies do not cover college students if they’re going to school part-time, or if they’re over the age of 23. Some policies also do not cover students if they’re going to school in a state other than where the policy was purchased. Talk to your health insurance company to confirm what coverages are available for your student.
While fun and exciting, college can also be fraught with anxiety, so alleviate some of it for your son or daughter by making sure you’ve got the insurance part figured out!
You can compare insurance, or even find a qualified local insurance agent for free.
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Car Color and Accident Risk
I remember my mom telling me not to buy a red car because she thought that the police were more apt to believe it belonged to a reckless driver. For her, car color was not about accidents, but risk of traffic tickets. Of course, I was young and bought the red cars a couple of times. Right now, in middle age I own a white car. So, does car color really say anything about me. Well, a couple of studies would suggest that it does.
Now let me also add, that sometimes when I have purchased a car, I really did not have any control over the color of car I got. I went to the lot, looked for a certain car, and accepted a color that was available. Now some people would have kept looking, or even made a special order, in order to purchase a car that was painted the exact hue they dreamed about. I am not one of those people. Even though I certainly have my preferences, I have never had car color as a top priority on my list of things that a car must have.
Now this article on Yahoo! Finance suggests that car color reflects confidence and mood stability. My white car makes me average, and the article suggests that you would want your accountant to drive a white car. LOL. In this case, I purchased a car at a lot where white was the choice they had, so that is the choice I took. It was acceptable color to me, where hunter green would not have been. Of course, if they would have had a red car, I would have grabbed it!
The article goes on to report that while white reflects an average confidence (ok?), emerald green, dark blue, and silver relect above average confidence. So, is it a good thing to be very confident…too confident? Well, who knows? And all of those bright colors like sunny yellow, bright red or blue show a below average confidence. Nice to now, I guess. I was really surprided to see that black fell to the very bottom of their confidence chart. Now what does that say about funeral directors or Batman?
Now onto the link between car insurance and car accidents. Well one study said that drivers of silver cars had a 50% less risk of being involved in a serious accident then drivers of white cars? And yet, according to the Yahoo article, silver showed slightly more confidence then the average confidence of white cars. Brown, black and green cars had the highest risks.
I don’t know if these studies mean anything. As far as car accidents, their could be factors that were not considered like how visible the cars are, or maybe just the color choices of certain cars that are safe to drive for other reasons. We do have another article on the cheapest cars to insure, but we did not consider color choice at all. The reason I mention an article about cheap cars to insure is because car insurance companies do assign rates based upon their statistics on how safe a certain car is, along with many other factors.
What do I think? Well, to be honest I’d still probably buy another red car if the choice came up, but if I had a great deal on my dream car, and that car came in hunter green or black or silver, I’d still consider it. I just don’t think I take color as seriously as the people in this study think I do.
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Teenage Drivers Auto Insurance
Teenage Driver Auto Insurance Sticker Shock?
If you have a teenager who is becoming a driver, you can expect a hefty increase in your auto insurance premium. You can probably guess why it is so expensive to insure your teenage driver. According to the Insurance Institute for Highway Safety (IIHS), 16-year-olds get into accidents almost six times more often than drivers between the age of 30 and 59. Insurance companies make their money on statistics and with statistics like these high rates are foregone conclusions.
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Car insurance for your teen is not only expensive but it discriminates between the sexes. Teenage boys cost more to insure than teenage girls. You can expect your premium to double if you add a teenage girl to your policy and triple if add a teenage boy. Why? The answer is always the same – statistics.
However, insurance companies will reward you with discounts if you take actions to lower the risks for your teenage driver. This is a win-win situation. You get better rates and hopefully a safer teenage driver. Here some things you can do to reduce your rates:
Sign your teen up for a driver’s education course. The course will teach them how to drive and defensive driving techniques. If your child’s school does not offer the course (many don’t) go to a private firm. If you look in your teenager’s school newspaper you will probably find a discount coupon for a nearby driving school. Discounts are available for teens who take recognized driving classes. Be sure to contact your insurance company to see if they accept your driving school as recognized.
Encourage your teenager to make good grades. Usually, having a 3.0 higher GPA will decrease your car insurance premium by 10 to 25 percent.
Don’t buy your teen a new car especially not a sports car. Newer cars are more expensive to insure and a sports car will just encourage them to drive fast. Experts recommend if your insurance company lets you assign drivers to car, assign your teen (and have them drive) the oldest car on your policy. Until your teen is older it is good idea if you can manage it, not to purchase new cars for anyone in the family.
UPDATE: I found an article which explains more teen driver discounts and how to compare insurance rates:
Car Insurance For Teenagers
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Claims That Raise Insurance Rates
Can an Auto Insurance Claim Raise Your Insurance Rates?
I had a minor accident last summer which was, I admit, my fault. In a momentary lapse I backed into a large truck in a parking lot. The truck had almost no damage, but I lost the back window of my mini van, plus the back gate had to be replaced as it was bent beyond repair.
After my car insurance deductible, the insurance company covered about $1,100 in damages, and then paid the other driver about $100 to repair scratches. I ended up paying about $750 out of my pocket. Of course, the nasty surprise the next time I had to renew my car insurance is that it had increased $60 a month because, as the car insurance company told me, and accident is an accident.
So over the course of 1 year, that minor accident would cost me $720 in additional premiums. Over the three years it would take to get that accident off of my record, it would cost me, at least, $2160! All this, so the insurance company could pay about $1300 for the accident. Was I right to report the claim? It’s hard to say. On the other hand, if I would have handled the claim myself, the car insurance company may have examined my driving record with the state and found the accident anyway, and I would have been dinged as an accident causer anyway. But the car insurance industry does contribute to claim databases, and only actual claims, not accidents, are recorded there. Those claims can be used to raise rates, or even to deny coverage.
I did, certainly, shop around for better car insurance quotes, and managed to cut about $25 from the additional premium hike with a more forgiving insurer.
My situation was a tough one because I had no way to predict how the claim would affect my premiums in advance, the actual amount of damage. Besides, we do buy auto insurance to protect ourselves in case of an accident, and that’s what I intended ot use it for. In a perfect world, I would not have had the stupid accident in the first place, and I am certainly more careful about checking my “blind spot” when backing out in parking lots!
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