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
New Teen Driver Safety Tips
If you’re interested in teen driver safety for your son or daughter, then you should avoid buying them an SUV, or allowing them to buy one for themselves with their own money, until they are out of your house. The video above details the inherent danger of sports utility vehicles when they are under the control of teenagers, and the gap between the safety of an SUV and that of a regular car is growing all the time.
Last year, in relation to deaths from car accidents, eleven percent more deaths resulted from crashes involving SUVs than those that didn’t. At the same time, SUV’s have been selling far more vehicles, so we will only see those statistics rise, taking a big toll on teen driver safety.
While many of the newer sports utility vehicle models have roll over protection on them, this doesn’t always work, and when they don’t have it, rolling over is a very dangerous possibility. It is one of the things that makes the SUV most dangerous for the driver and passengers, and when teen driver safety is compromised by both the vehicle and by the fact that teenagers are more likely to take risky actions that would cause a roll over, you have something to worry about.
Another reason that SUVs are dangerous is that they have bumpers that are higher than those of other cars. These bumpers come to the level of the driver and passengers of a smaller car, and are thus more likely to cause injuries and fatalities, instead of doing what their supposed to do, which is hit the body of the car or the other car’s bumper and absorb the impact.
Not only do SUVs compromise teen driver safety, but they come at a heavy price. Most car insurance companies charge more for SUVs than they do for other cars, although if you have safety features installed, you might be able to get a discount.
Loading ...