Car Insurance (for teens)
January 2nd, 2008Car insurance is expensive for everyone. Who has cheap auto insurance? Not me. And the main reason is that I’m paying for car insurance for a 19 year old (my 5th teenager to bankrupt me). Teen car insurance is the most expensive and a limited type of coverage for car insurance- at least until age 25.
Adding your teen on family premium rate will doubled or triple the cost of premium, especially with the new model cars. And my son has a 2007! Why do I do this to myself? I justify it by saying I won’t have to mess with repairs and I think that’s partially true.
Most parents argue about the cost of their teen car insurance rate, especially when they choose a newer model brand of car which loaded with safety features such as airbags and safety controls. But those safety features will cost a lot to replace or fix which brought them to a high insurance policy premium. But, if they save injury to your child, what’s that worth?
According to the Insurance Institute for Highway Safety (IIHS) statistics 16 year old drivers are vulnerable to car accidents compared to those drivers whose ages are 30-59 years old. well, that’s a no-brainer. So, if you really want a lower rate, choose a car that’s 2-4 years old, not prone to theft (you can find these statistics on line), and one that doesn’t have a lot of expensive gadgets. After all, the car is about transportation. The ego can wait until they’re paying the tab.
