Car Insurance For 16 Year Olds: Keeping Premiums Low
Everyone needs car insurance, but it can be quite expensive for young drivers
. Car insurance for 16 year olds might be the highest priced around, no matter which company you decide to purchase coverage through. Since 16 year olds are just learning to drive and haven't had a lot of experience behind the wheel, they are considered to be high risk drivers.The higher risk a person is thought to be, the more expensive the insurance policy will be. Students usually have the option to take a Driver's Education course in their town or one nearby. This class will lower the cost of insurance considerably. These are often provided through the high school and can be taken during the summer. It is a very comprehensive class and gives the student plenty of driving time.
Besides this course, adding a teen to an already existing policy will keep the price of insurance lower. Car insurance agencies offer a discounted price for any additional car added to a policy currently in place. So, the first car is charged full price and any car added afterwards is provided a certain percentage off of the monthly premium amount.
Even thought most parents donate want to spend a lot of money on a brand new car for their teen, it can be cost effective in the future. Not only are newer cars more fuel efficient than older ones, but many of them have safety features added to them that older cars don't have. These features include anti-theft devices, anti-lock brakes, automatic seat belts, and air bags.
The more safety features a new car has, the more discounts car insurance companies will offer. Anti-theft devices can always be added to a car that has many of the other safety features, since not all new cars come with anti-theft mechanisms. Even with all these discounts available, the cost of insurance a teen can be quite high.
Teen males are considered to be higher risk than females, so their insurance premiums cost more. Adding a 16 year old to an existing policy can more than double the premium amount, but a price cannot be placed on the peace of mind that comes with knowing your teen is covered.
Car insurance for 16 year olds is well worth the amount of money it takes each month to purchase it. Most parents make sure to have full coverage on a car driven by a teen, instead of merely going with liability.
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