subject: Auto Insurance For A 16 Year Old And Insuring A Teenage Driver [print this page] Teenagers aren't able to take out their own car insurance policy until they reach the age of 18. If you have a teen who recently obtained a driver's license, then putting him on your current policy will cause the premium rate to go up. This rate increase is unavoidable, but there are a few discounts that your teen might qualify for. Most insurance agents will help you obtain as many discounts as possible when adding auto insurance for a 16 year old to your current policy.
The option to take a driver's education course is always open to new drivers and is sometimes offered by high schools during the summer months. Enrollment in this class will not only enable your teen to become a better driver, but it also allows him to qualify for a discount on auto insurance. The course must be completed and certification shown to the insurance company before a discount is received.
Young people are considered to be high-risk drivers, especially boys up to the age of 25. If you have a 16 year old that has good grades in school, then this is definitely a bonus in the eyes of an auto insurance company. Having good grades shows a sense of responsibility, according to the insurance company, thus less likely to be a high-risk driver.
Companies tend to give a discounted premium amount to students with at least a B average. Each company might vary in what they consider to be grades acceptable enough for discount.
Not everyone has the financial means to purchase a brand new car for their newly licensed 16 year old. However, it can be beneficial to both the parent and the student if the car being driven is a new one. The safety features found on newer vehicles not only make the car safer for the teen to drive, but also enable parent's to get a discount on their premium amount. Automatic seat belts, anti-lock brakes, anti-theft devices, and air bags are all considered to be excellent safety features by insurance companies.
Even thought liability is the lowest amount of coverage that most states accept, sometimes it is more cost effective to have full coverage for a teen driver. A policy for full coverage provides a designated amount of payments for damages that not only occur to someone else's vehicle or property, but also the policy holder's vehicle or property. Medical payments for both parties involved are also covered up to a certain amount. Auto insurance for a 16 year old is costly but definitely a worthwhile investment.
by: Lance Thorington
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