Why Are Auto Insurance Rates For Teen Boys So High?
Reader’s Question:
What are some of the lowest car insurance rates for a 17 year old boy?
Nathan
Good question Nathan.
Insurance rates for teenagers are usually high especially for young boys since statistically speaking they likely get into accidents. This means that this is considered as high risk drivers and would cost higher premiums.
Insurance companies rate cars differently. To be able to get a lower insurance premium rate, you might want to purchase a medium sized car, 4 cylinder sedan, 4 doors with safety features. The cheapest car is usually the cheapest to insure.
Some insurance companies give discount on cars with safety features. Some of the safety features that that these insurance companies want to see are air bags, anti lock brakes and electronic stability control.
There are some few cars that are said to be the safest for teens. Theses cars are Hyundai Elantra, Honda Accord coupe or Toyota Corolla. You should avoid cars that are very small for teens and does not have safety features. It is said that teens may tend to overact and might roll the vehicle. You should have safety features in your car if you are a young driver because you might get discounts on your insurance premiums.You may contact your insurance company or agent to know what cars can give you lower insurance rate.
Goodluck!
MariCAR
Why Are Teen Auto Insurance Rates So High?
Reader’s Question:
Why are teenager’s car insurance rates high?
Therese
Good Question Therese.
Insurance rates are usually based on statistics. According to statistics, teens more likely get involved in an accident. Teenagers have a very high rates of fatal and nonfatal crashes compared to adult drivers. Whether the rates are based on total number of teenagers or miles driven, teens have more crashes in cars. When the crash involvement is based on the number of licensed drivers instead of the total population, the fatality rate of the teenagers are more extreme compared to drivers age 20 or older.
Here are some tips that may be able to help you lower insurance rate for teens.
1. If you stay on your parents policy, you could save money. This would increase your parents premiums, but it is much cheaper compared from you starting anew policy. Discounts may be available if you have driving experience.
2. Discounts from some insurance companies like getting good grades or taking driving class may be available for you. But this does not mean that you will get lower insurance premiums than an adult with more driving experience already.
3. Your rates will drop as you get older. You will notice a drop as much as 28% at the age of 19. An additional 31% may drop at the age of 21 in your insurance premiums.
Lastly, try to maintain a good credit history and a clean driving record so you can be eligible for more discounts in the future.
Goodluck!
MariCAR
Teen Driver Auto Insurance Rates?
Why do I have a video about Goldilocks on a post for safe cars for a teen driver? Well, Goldilocks in general because I think the theme behind buying a safe car for a teen driver is to buy the car that is, as Goldilocks would say, juuuuust riiiight. This video in particular because I love Roald Dahl, and it takes me back to when I was six years old and reading his revolting rhymes.
I wouldn’t show it to your teen driver, though. They might think you’re crazy.
Your teen driver is more at risk than any other kind of driver for fatal car crashes, or even just a car crash involving an injury. While six thousand teens die every year in car accidents, over three hundred thousand are seriously injured. This is among the main reasons for why teen driver car insurance rates are so high. In order to lower your teen driver car insurance rates, you have to comply with the car insurance company by lowering the risk of your teen driver. And how do you lower the risk? There are a lot of ways, but a good place to start is by buying your teen driver the right car, which is what many parents do before their kid starts driving on their own.
When picking a car for your teen driver, you should…
- Be a parent, not a friend.
Your teen driver wants the convertible or the sports car. Don’t give in, even if you have the money for the higher premium an the car note. It’s been documented that high performance vehicles are more likely to be involved in car accidents, and having a teen driver in a car that goes very fast is a recipe for disaster. You don’t have to buy your teen driver a station wagon, but practice your firm use of the word “NO” before you go with them to the car dealer ship.
- Pick a stable car.
While SUVs are generally larger and seem to be safer, they aren’t a good option for your teen driver, either. Not even the smaller ones that seem like a good compromise. The reason for this is that they have a low center of gravity, which means they are more likely to skid and roll over, even with safety devices that protect against this. The bumpers are usually not made of the strongest material, and crumple quickly while causing significant damage to the other car.
- Look for crash worthiness.
That doesn’t even sound like a word, but it’s one that gets thrown around a lot in the car insurance business. A crash worthy car is one hat has passed crash tests in flying colors.
- Remember that size is important.
You shouldn’t let your teen driver have a large vehicle, because if they drive recklessly then they could cause a lot of damage. Neither should you allow them to drive a smaller car, because those receive a lot of damage. The best way to go is just riight. Get a mid sized car that is crash worthy.
- Not buy ancient.
Older cars are cheap, and most of us drove a piece of junk when we were young, but if you have the option not to, you should avoiding buying a car that is over ten years old for your teen driver. In fact, again you should get the car whose age is juuust riiight. A new car will have higher teen driver car insurance rates, and an older car won’t have the popular safety features. Buy a car that’s a few years old, but not too old, and you’ll have a match.
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