insurance highway safety institute
It is very possible. Several factors enter into the cost of insurance rates. The reason auto insurance is too expensive for teenagers is that, as a group of teen drivers have terrible statistics. According to the Insurance Institute for Highway Safety, 16 have an accident rate that is almost 6 times higher than drivers aged between 30 and 59. That's not going to change soon.
Therefore, it is not unknown for parents to meet with an insurance premium which is 50% 100% a teenager again, adds to its policy. That does not mean that no appeal.
First, several factors are taken into consideration when setting insurance rates. These include:
1. Age and sex of driver
2. Motorist's driving record and the time that this person has been driving
3. City living in the driver
4. Type of vehicle insured
Some of these may or may not, probably not going to change, obviously. But some things you can do and some possible discounts you need to investigate.
From the list above, the factor over which you have most control is the type of vehicle insured. Check things like airbags, antilock brake systems and anti-theft devices. Vehicle safety Crash Test scores also have an effect. Do not try to live through his son and get to them the kind of car you wish you had. Increased cost of insurance is only one way in which you will pay.
It is always advisable to shop around for car insurance. While insurance rates are pretty standard for elderly drivers across the industry, it is not necessarily true for teenage drivers. The differences occur when insurance companies assign specific drivers for specific cars or policy by ensuring that all drivers of all vehicles. Be sure to ask how the specific insurance company that handles.
Another way to save money is to look at your disposal. A variety of discounts may be available for such things as:
• good grades (an average of 3.0 or better)
• have had a driver education course
• Register with insurance companies in the security pilot program
• Community Service (Girl Scouts or Eagle Scouts)
• a multiple car policy (add them to your policy, do not take a separate one)
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Article Source: ArticlesBase.com – Can I Lower the Cost of My Teens Auto Insurance?
Dateline NBC 2005: Compact Car Side Impact Crash Test IIHS Insurance Institute for Highway Safety
