If you’re a parent to a teenager, then the topic of owning a vehicle has probably surfaced—that is, if you haven’t already done so.
Depending on the current situation, you’re either biting your nails in nervousness or confident in your teen’s ability to safely get from point A to point B. Being as though new drivers are four times more likely to be involved in an accident compared to drivers of all other ages—it’s no surprise that you’re probably a tad anxious, as this experience is merely another ‘notch’ in the being-a-parent ‘tool bet’ that will enviably pass.
However, settling on an auto insurance policy for your little prince or princess can be a daunting venture as well. Evaluating their likelihood of needing insurance isn’t exactly something a parent wants to think about; but nevertheless, car insurance is a necessity that requires careful attention and consideration.
Here are some of the essentials of what to consider when evaluating which auto insurance fits best with your and your child’s lifestyle:
In terms of figuring out what to tag your premium costs at, it’s imperative that you think rationally, while also considering what counts the most. Here are the questions you should most likely first ask yourself:
- How does the type of purchase affect a specific insurance policy?
- What do you suppose their likelihood of being pulled over is?
- How often does your teen driver on a daily or weekly average basis?
- What are the weather and road conditions of where your son or daughter frequently drives?
- Are the roads highly populated with other drivers?
- How far does your son or daughter drive to work or school every day?
- Is the idea of public transportation a feasible alternative?
Research and speak up if possible discounts concerning individual policies exist; for example, students (with a B average or 3.0 GPA and higher) could potentially qualify for discounts on monthly premiums. Another matter to bring up is if you have been a long-term customer and if adding another party to your policy is subject to a discount. This goes especially important if you have few or no blemishes on your current policy, which supports confidence in your insurers that you and your family members are at a lower risk of needing insurance.
It’s Time To Get Serious…
If you haven’t yet already done so, have a serious talk with your son or daughter and basically “read them the riot act” of the consequences that come with driving under the influence and/or driving irresponsibly. If you have concerns about the maturity level of your teen, consider taking away the keys after 8 p.m. (as this is when most fatal accidents involving teens occur).
Remember, Every State Has Different Driving Laws…
Depending on which state you reside in, there are many different laws associated with young drivers that you may be unaware of. For example, the amount of passengers in a single car and driving after a certain time of night differentiates between states.