New drivers versus auto insurance
Every year thousands of new drivers head onto the open roads increasing the number of potential accidents. According to the National Center for Statistics and Analysis (NCSA), in 2005 there were an estimated 31,884 people killed in total passenger vehicle accidents. Close to 14% percent of these car accidents were caused by young and newly licensed drivers between the ages of 16-19 years. As a result of these overwhelming statistics, auto insurance rates have risen significantly with the onus on parents to pay the exuberant premiums.
Young drivers feel as though they are the target of a car insurance conspiracy in wondering why all novice drivers aren’t being target regardless of age or gender. When countries world-wide passed legislation for new drivers, known as “Graduated Licensing” a system designed to phase in young beginners to full driving privileges as they become more mature and develop their driving skills. Astounding statistics revealed in the United States alone, young people made up the vast majority of beginning drivers and revealed that 16 year olds had the highest number of accidents, approximately 26%.
Driver education programs can reduce auto insurance rates
What factors into this equation is maturity and lack of on road experience. Driver education schools aid in not only practical experience, but further educate their students on behind the wheel safety procedures. As part of the ongoing education, parents should also continue to reinforce the dangers and hazards of the road and continually monitor their child’s driving practices to secure a clean driving record. Enrolling your child in a driver education program also helps reduce car insurance rates since they are deemed as top authorities in driver safety.
So how can you get cheaper car insurance rates? Firstly, parents should go online and get as many auto insurance quotes, at least four since auto insurance rates vary from company to company, as well as from state to state. Here are some helpful tips in trying to find cheaper auto insurance for your child and some important factors you should keep in mind:
What new drivers should know about car insurance
When you are adding a new driver to your existing car insurance police, typically you will see an increase in your rate, this is due to the fact new drivers need to be listed as a primary driver on one of your family vehicles in order to acquire an insurance rating. When shopping around for cheaper auto insurance whether in person or getting an insurance quote online, pose the question, what happens as the child gets older and maintains a clean driving record, will his/her premiums go down? Depending on age bracket, gender and driving history, this will in fact affect auto insurance rates.
As previously mentioned parents should inquire if their child does qualify for any type of insurance discount, again this depends on legislating factors that govern insurance companies in different states. If your child has successfully passed and was granted a certificate at a recognized driving school, they may qualify for a “good student discount”.
If you are buying a new vehicle, you may want to consider which vehicles get the lowest rates. Also, be sure to contact your agent or broker to add the new vehicle to your policy.
You may want to consider additional personal liability protection. If you or your child accidentally injuries someone or destroys their property in the event of an accident, there is a chance you may be sued for damages. In the event a judge awards the plaintiff more money than what your insurance policy provides and exceeds the monetary limits, this could prove to be a financial catastrophe. The additional liability can supplement your present policy and with a new driver in the home, this should definitely be given top consideration when inquiring about car insurance.
Written on behalf of http://www.insurancequote4you.com your premium source for finding the best online auto insurance rates.
Source: http://www.ArticlePros.com/author.php?Shelley Murphy
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