Why insurance Rates For Teens Are So High

Why insurance Rates For Teens Are So High

Accident - Why insurance Rates For Teens Are So High Good afternoon. Today, I discovered Accident - Why insurance Rates For Teens Are So High. Which could be very helpful if you ask me and also you.

That sad day has finally come. Your small baby has just gotten her first major taste of relaxation in the form of a driver's license. Not only do you have to worry about her out on the road, but your auto assurance has gone up quite a bit. Which begs the next question. What I said. It shouldn't be the actual final outcome that the real about Accident . You check out this article for facts about a person want to know is Accident . Accident Why are teenagers so costly (to insure) anyway? It is precisely no surprise when you consider the numbers Meemic assurance is looking at: The risk of motor car crashes is higher among 16- to 19 year olds than among any other age group. In fact, per mile driven, teen drivers ages 16 to 19 are four times more likely than older drivers to crash (Iihs 2006). Wow! Pretty scary, right? With those numbers in mind, let me show you a few steps you can take to avoid paying the top rates and save money in the long term. Here's an example of the difference between a car with full, & Collision coverage and one with Liability coverage only: Both vehicles driven by your 16 year old driver: 1999 Ford Taurus No full, Coverage No Collision Coverage 0/6 months 2008 Ford Taurus Comprehensive 0 Broad Collision 0 ,142/6 months That is a difference of almost ,500 per year! As you can see, Meemic assurance company is concerned about person 4 times more likely to have an crisis driving a ,000 car which they may be responsible for fixing. 2 ways to take advantage of this useful information: Step 1 - Buy a safe, older car for your teen to drive. Step 2 - consider dropping the Collision and full, coverages on this vehicle. This means of course, that if the car is damaged, you'll have to pay for those damages. Not the assurance company. As you can see, your teenager does not have to cost you an arm and a leg on your auto insurance. I hope you receive new knowledge about Accident . Where you may offer used in your life. And most importantly, your reaction is passed about Accident . Read more.. Why insurance Rates For Teens Are So High.