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(EMAILWIRE.COM, September 13, 2010 ) Los Angeles, CA - While turning sixteen can be an exciting time for teenagers raring to pass their driver’s license test and get behind the wheel, the first years of licensure have shown to be the most dangerous. And the inexperience of drivers is unfortunately reflected both in crash rates and in auto insurance prices, which rise in accordance with demographic groups’ risk rates. Higher-than-normal premiums for new drivers remain par for the course. But sixteen-year-old drivers — and their parents — can find a little relief through some cost-saving measures.
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The youngest drivers have the highest crash rates of any demographic group, and insurers assign higher premiums when writing policies for car insurance for 16 year old motorists in order to compensate for the heightened level of risk they are taking on.
In its consumer alert about insuring teen drivers, the National Association of Insurance Commissioners (NAIC) raises an important issue: Should the family add the 16-year-old to an existing auto insurance policy, or would it be better to put him or her on a separate policy with his or her own car? If the family has a multi-vehicle policy with one of those vehicles being another family member's expensive, high-profile auto, adding the sixteen-year-old may not be such a good idea. Consumers in this situation may want to start a new policy for the sixteen-year-old and his or her auto.
Source: http://bit.ly/b2ijeH
To see how these different policy configurations affect overall premiums, insurance consumers also can go online to get free insurance quote comparisons for each scenario. Doing so could give valuable perspective.
Another important thing for soon-to-be-insured sixteen-year-olds to do is ask prospective insurers about any good-student discounts that they make available. If there are, students with a “B” average or better could see a significant drop in premiums.
Lastly, sixteen-year-olds need to make sure that they are safe while on the road -- both for their healthÂ’s sake and for their walletÂ’s sake. Due to the inexperience associated with this age, these young motorists need to be aware of the limitations of their driving ability.
To learn more about getting affordable car insurance for the householdÂ’s newest driver, consumers can go to http://www.onlineautoinsurance.com/learn/how-much-is-car-insurance-16-year-old.htm where visitors will also be able to start the shopping process by generating a free, side-by-side quote comparison with premium estimates from multiple reputable carriers.
Online Auto Insurance
John Pirro
909.784.2470
john@onlineautoinsurance.com
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