subject: How To Get An Auto Insurance For Teenagers [print this page] Auto insurance for teenagers is expensive, especially for males under the age of 18 years old. Most teenagers do not understand why they should have auto insurance since it is so expensive. Most teenagers are working part time in a fast food restaurant for minimum wage. Their take home pay just barely covers the indemnity payment, leaving them very little to call their own money. They feel like they are working for nothing.
There is one way to ensure that your teenagers carry assurance. Check with your insurance provider to see if you can put them on your policy. If you can, their indemnity will be less expensive and they can pay you each month for their portion of the payment. This is also one way to give your teenager some responsibility without taking their whole paycheck.
The cost of their cover is relatively small compared to the cost of one accident, especially if it is an injury accident and your fault. You could loose millions of dollars in an at fault lawsuit. Most states require liability insurance as a way of proving financial responsibility in case you are in an accident that is your fault.
If you are buying a car you will have a loan balance on, most dealers require the owner to have car assurance to cover the car in case of an accident. The dealer wants to make sure that if the car is totaled before it is paid off, they can recover some of their loss. Most of these companies require the car owner to carry full coverage indemnity, which exceeds the minimum state requirement.
Those teenagers that think they will never have an accident but they do not think about another driver causing an accident. If that driver has no insurance, the cost of repairs to your car, any medical expenses, and loss wages will be up to you to take care of. If you have coverage, your indemnification company will take over the expenses.
The types of assurance that a teenager might need are comprehensive backing, which is protection from non-collision damages such as theft. The second cover would be liability, which is protection from risks that are associated with personal injury and property damage to others. The third assurance would be collision, which is protection from the cost of repairing damages to your own vehicle.
There are several more small things that you might want to consider adding to your policy. Talk to your agent and let them guide you for the right amount of coverage.
by: Lance Thorington
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