Teenagers nowadays take pride in being able to drive and own a car. Unaware of the insurance costs behind it, most youngsters pester their parents to get them a personal car and send them to driving school. When that day comes, you need to be prepared to guide your child through the application process. This is necessary in order for them to be aware of the costs and the steps to complete the application.
When is the right time to get a policy? As soon as a car is ready. Quotes are heavily dependent on the car your kid will be driving. If you are planning on getting him a new one, you have to settle that first before getting affordable auto insurance. If you are planning on lending him your own car, then it will be the basis for the computation. If this is the case, you can expect a significantly similar quote to your premium since you have the same car model.
Types of Insurance
There is no actual category dedicated for teens. The same insurance types offered to adults are given to younger ones. The only difference in them is the way the quotations are computed. A consultant will provide you with a detailed computation of the policy since each one are unique.
The first type is a non owner car insurance. This happens when you are only lending your car to him for driving. There is less risk because he won’t be able to use it often and adult supervision is present. The second type is for liability. This covers damages on you and the other party during a particular accident where you are deemed at fault. The last one is a full coverage type that includes liability, collision and comprehensive coverage. It covers all possible expenses met during driving and is very expensive compared to the other two.
Where to Get Them Best
It is ideal to get the insurance from the same provider you have. This way you don’t need to remember many company names and contact numbers. Moreover, there is a possibility that the company provides a service wherein you can apply for insurance and associate it to your own policy. There might be perks that come with this arrangement. Since car insurance for teens are usually expensive, you need to take advantage of discount opportunities.
Teenagers are more or less new to driving in busy streets. You need to give them the right protection and guidance in order to prevent disasters. It is advisable to accompany your child during the first few driving expeditions he makes. This way you can measure his competence and determine whether it’s safe to assume that he will be alright no matter where he goes.
If you are looking to save money, choose simple cars over high performance vehicles for your kid’s first car. It will greatly affect the premium rates. The younger he is, the higher the amount you pay for each month so delay his driver’s license if you can.
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