Auto Insurance For Teenagers
Reader’s Question:
I have a son who will get his license in the next two month. I am just wondering if he can purchase his own auto insurance. If he cannot then at what age can he get car insurance? Is there someone who specializes in auto insurance for teenagers?
Emily
Bakersfield, CA
Usually insurance carriers permit people to buy insurance at the age of 15 or 16. But, until they are 18 years old, they are considered minors. Since a car insurance policy is a legally binding contract, usually a minor or teen cannot sign it alone otherwise, the insurance policy could be considered as void. In this case, a parent or legal guardian is required usually to sign the documentation with the minor.
Since the parents or legal guardians are responsible for the minor’s actions, it’s best to have a them sign the documents with the minor. In this way, the parents or legal guardians can make certain that the minor or teen buys enough insurance to protect their own financial interests. Once the individual turns 18 years old, s/he is responsible for his/her own actions and decisions. As a result, s/he can sign his/her own documents and contracts.
One of the best ways to lower your annual premiums is to have a higher deductible amount.. Like a $1,000, is what I carry personally.
Now, if you are a claim free and safe driver like I am, you could be saving a ton of money each year on your premiums. People fail to realize that the deductible amount is only paid when they file a claim and their insurance company pays that claim.
Female Teen Driver Car Insurance Quotes
Reader’s Question:
Will my car insurance rate be high as a new teenage motorist even though I just turned 20 years old and female? Should I shop for a free auto insurance quote online?
Camille
New York, NY
Insurance providers in most states are allowed to have their own rating system. These companies usually look at many factors when determining a car insurance rate, experience of the motorist can be once such factor. Age may also be a factor and at around age 25 insurance premiums will drop from when a motorist is 16 to 24.
If you are a newly licensed teenage driver at age 19 then your rates will be higher than others that have been driving for nearly ten years however may not be as high as a newly licensed driver at the age of 16, since you may be thought of as more mature. Maturity to an insurance providers means less likely to operate a vehicle in a reckless manner. The insurance rates will likely though still be higher than another 20 year old female that has been driving for a few years since this person has a driving history for the insurance provider to check.
I would suggest that as a new teen driver you should shop around for insurance rates quote since as noted above, different providers have different rating system.
One of the best ways to lower your annual premiums is to have a higher deductible amount.. Like a $1,000, is what I carry personally.
Now, if you are a claim free and safe driver like I am, you could be saving a ton of money each year on your premiums. People fail to realize that the deductible amount is only paid when they file a claim and their insurance company pays that claim.
