Cheap insurance rates for teenage drivers may be an option to consider. Statistics show that the majority of accidents involving younger drivers are caused by inexperienced or teenage drivers. Insurance companies rate drivers according to their risk factor, the higher the premium. For example, a thirty year old man with a perfect driving record would have to pay more to insure his vehicle than a twenty one year old who has a history of traffic violations and driving under the influence of alcohol. Premiums also depend on the type of car a driver drives.
Young drivers are grouped into three groups: yonkers, joggers, and toddlers. The youngest drivers are usually categorized as yonkers since they do not have any experience driving a motor vehicle. On the other hand, the next younger grouping is called joggers because they usually drive newly purchased mini motor vehicles. Finally, the third group, those who are 21 years old or older, is known as toddlers. Teenagers can be categorized in one of these three groups depending on their age and driving experience.
Younger drivers, especially teens, are prone to fatal accidents. These accidents can occur during weekend nights, school holidays, and even while walking down the street. Statistics indicate that motorists involved in fatal crashes are typically teenagers. Teenagers are also found to be involved in more fatal accidents involving non-moving vehicles than those involved in moving ones. Teenagers are found to be involved in the majority of fatal crashes involving trucks.
To find the cheapest insurance for teenage drivers, the first step is to find out the average age of male and female drivers in your area. This can be done by using the appropriate form offered by each insurance company. The information provided on the form will allow you to obtain the necessary data on the average age of male and female drivers in your area. You can then make calculations as to how much it will cost for you to obtain insurance coverage based on the driver’s age group average monthly rate. By knowing the average age of the drivers in your area, you will be able to determine how many of them are likely to get into a fatal accident within the next year.
Find out what the minimum amount of liability coverage is required for male and female drivers in your area. Once you have determined the minimum amount of liability coverage, make sure you are also aware of the other required coverage options. Teenage drivers must always carry a clean driving record. If they are found to be in violation of any laws, the minimum amount of liability coverage is automatically dropped from their policy.
If you are a student, you may also want to purchase additional coverage such as special training or defensive driver training. These additional premiums can be paid upfront with a credit card, or you may choose to make larger payments at the time of your policy signing. Once you are sure that you are getting enough coverage to protect your vehicle, you should still purchase more coverage to protect your vehicle in the event of an accident. For example, comprehensive cover and collision cover can be purchased to increase your premium payment each year, but if you are fortunate enough to not be involved in an accident, they will help to pay for your medical bills and repair shop expenses.
The cheapest insurance for teenage drivers is usually found when you purchase comprehensive and collision coverage for one vehicle. Collision only covers the insured vehicle itself, and does not provide coverage for the car or driver. It is very important to have both collision and comprehensive on a single policy because you can save money if you do not need to file a claim for damage liability. Damage liability protects you from paying for repairs to another vehicle that was in the other drivers’ care.
By keeping a clean driving record, you will not have to worry about having to pay higher premiums for the cheapest insurance for teenage drivers. Most insurance companies will give you a discount for never having any traffic violations, no accidents, or being hospitalized in any way. This means that by taking these few simple steps you can save money on your premium.