subject: How To Get Car Insurance For 16 Year Old [print this page] Car insurance is something that every driver should have and sixteen year olds are no exception. As new drivers, it can be difficult to find an insurance company that is willing to take them on. However, it is possible to get them insured and have them out on the road in no time at all. Interested in car insurance for 16 year old? Let's continue this article and tell you more about this topic.
Because they have little to no driving experience aside from drivers education, insurance companies are wary of them due to the possibility of accidents and things of the like. Statistics show that teenagers are six times as likely to get into an accident than drivers between the ages of thirty and fifty-six. Insuring teenagers is a risk for insurance companies.
Sixteen year olds cannot legally sign contracts and this includes car insurance agreements. Most teenagers under the age of eighteen gain coverage by falling under their parent's insurance. Until they're eighteen years old, teenagers cannot sign up for their own insurance through any company.
Adding a teenager to an insurance policy can be costly, however, and it can double the cost of the parent's insurance. Because each state sets its own insurance minimums, it's difficult to say just how much parent's insurance rates would rise after adding a teen to their policy. Overall, though, insurance rates rise after a teenager is added to their parent's plan.
Teenagers with larger, luxury cars are denied more often than those with smaller, four-door sedans. Insurance companies don't want to insure something that has a high chance of getting stolen because of it's "bling". In other words, it would be a bad idea to add a giant stereo system and rims to the car that the teen will be driving.
It can also affect a teenager's insurance possibilities if they live in a large city. Cities are much more compacted with cars and pedestrians. Therefore, the probability for an accident rises greatly and insurance companies know this. Teenagers in rural areas have a better chance of getting cheaper insurance because there are not as many people or cars in their general area.
Getting car insurance for a sixteen year old can be costly but, if you know what you're doing, you can cut those costs by a large percentage. It doesn't have to cost you a fortune for your teenager to be an insured driver.
by: Lance Thorington
welcome to Insurances.net (https://www.insurances.net)
