Auto Insurance for Teens

If you are a teenager with a driver’s license and a new-to-you car, you are probably itching to get out there and drive it! However, you are probably aware that it is against the law to drive on the public roads unless you have auto insurance. In addition, you probably also know how expensive it is for a teenager to get automobile insurance.

The companies come up with a dollar amount for your premium that is based on statistics that have been compiled for years. These statistics show, among other things, how many people your age have had accidents with their cars. Teens aged 16 to 19 are three times more likely to have a collision for every mile they drive than are senior citizens aged 65 to 69. Male teenagers who own sports cars can expect to pay more than other teens for their insurance, again because of statistics concerning sports cars and young men.

So, if you are a teenager who needs auto insurance, are you just doomed? Is there no way out of having to pay more for your insurance? If you can’t get on your parent’s policy, which would be the cheapest way out, you can certainly lower your rate. The first thing you need to do is to do your homework and compare the rates of all the insurance companies that you can by obtaining a quote from each. You’ll see that the rate can vary quite a bit from one company to the next.

Choose the one that looks the most promising as far as the rate goes, and then check out the company. Pick an agent that will listen to you and can answer any questions you may have. You want more than just a good rate on your insurance – you want to do business with a company that doesn’t mind taking up time with you in order to help you learn about your policy. The agent from the company that doesn’t attempt to rush you through making decisions about your policy is the one you want to go with. This agent will be able to tell you exactly what type of coverage you need. He or she will help make sure that you do not buy too much insurance, or too little.

Once you get your first insurance policy, look to the future. The things you do from here on out can help to make your future premiums cost less when the time comes to renew. Keep your credit record as pristine as possible. This is one thing an insurance company will always be interested in. Be a careful and safe driver, and keep your agent posted on any sort of changes in your life that could make a difference in your policy.