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A Special Guide For Teen Insurance

Aug 2, 2008
Teens are getting the poor end of the deal when it comes to insurance. Not only do they have poor credit, are less likely to be married, and are more prone to crashing- they can do hardly anything about it! They will be scrutinized by insurance companies left and right, although there are some small things to do to help reclaim some breaks in expense.

Teens are given high rates firstly because they are young and don't have driving experience. This is considered common, and there is little to do about this fact other than waiting to grow older. Sometimes this penalty can be bypassed by putting a teen onto his or her parent's insurance policy- which will help curb costs and keep insurance affordable with minimum wage jobs.

Being married is another thing that adults can look forward to. Not only is it a great way to express one's love for another, it's also a great way to save on auto insurance. Agencies will slip discounts to married couples since they are believed to be more responsible. Tough luck, teens- you can't get this discount unless you marry early.

Studies show that younger adults and teenagers are far more likely to get a speeding ticket than older adults and the elderly. This is the perfect reason for insurance companies to raise rates- especially if a teenager gets a speeding ticket. One's rate can rise dramatically- sometimes $100 or more just because of a single ticket.

Students who make a "B" average or higher, whether in high school or at a university, will get a small discount. The discount won't make up for something such as a speeding ticket, but every little bit helps. Getting named to the Dean's List or being part of a special organization will also warrant some types of discounts at certain agencies.

Driving courses were, in older days, very common among insurance agency discounts. As long as a teen took an educational class on driving, they were almost guaranteed a discount on their insurance. This is seen less today, but some insurance agencies still keep this discount. As such, high school students should take advantage of free classes that may help their premiums each month.

In Conclusion

In the end, teenagers and their parents should consult the Internet and local agencies for more information. Keep alert to scams, however, and always read the reputation of a company online and through business bureaus. This way policy holders won't get burned when they need help the most.
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Learn more on motorbike insurance and cheap auto insurance .
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