Newskritis.com-Buying car insurance for an 18 year old is not like buying insurance policy for a younger driver. In fact, it is even more complicated. Youngsters are considered “risky drivers” by insurance companies because they are inexperience and have yet to prove themselves financially responsible. Insurance companies give them the lowest premiums because of this. It is a sad fact that young people are trapped in a vicious circle of crime, poverty and crime due to their ignorance on insurance policies. The best way to prevent being in such a circle is to be informed and get yourself insured as soon as you turn eighteen years old.
Car insurance for an eighteen year old is more expensive than the average car insurance. This is due to the fact that the motorist is older and his chances of having an accident are higher. For this reason, insurance companies make a higher premium payment out of the insurer for a full coverage policy.
Car Insurance For 18 Year Old
You can reduce your car insurance for teen drivers age 18 by obeying some simple rules. First, you should be aware that states impose some special rules on teen drivers age 18 and below. First, you should know the minimum coverage offered by your state minimum liability policy. Remember that a full coverage policy offers your insurer full protection against losses. However, it is possible for states to offer their teen drivers with limited car insurance protection.
It would help if you ask car insurance companies or agents directly for full coverage policy. If you want to get a better idea on the average cost of a full coverage policy, you can contact the individual state’s department of motor vehicles. Another way to save money on your teen drivers insurance is to combine your student auto insurance with your parent’s auto insurance. Most of the car insurance companies will allow this type of arrangement. In most cases, the price of combined auto insurance is lower than buying separate insurance policies for each driver individually.
When it comes to teens driving, statistics show that the most experienced driver is a male aged 18 years and above. However, gender is not always a factor. Statistics show that in any given accident, the male driver wins two out of three cases. According to insurance expert, statistics shows that a male driver would have to have a higher intensity of speed to claim the maximum amount of damages in an accident. The insurance expert of the Insurance Research Association says that female drivers would also have to claim less than male drivers in case of an accident.
One important point you should understand is that a person who is below the age of 18 years is considered as a high-risk driver by the auto insurers. So, it becomes difficult to claim damages from such drivers. However, in case of an accident, a responsible young driver can reduce the damage caused to the car or vehicle through the usage of anti-theft devices. It is advisable to add such a device to your car, if you think a young driver is prone to theft. Also, if you think that your teen driver may end up in a dangerous driving accident, you should get him or her to use a car alarm to alert you when the car is being targeted.
If you want to reduce the cost of a full coverage policy, you should get a multi-vehicle policy. This is the best option for teenagers who want to add their cars under a single policy. An example of a multi-vehicle policy is the Collision Insurance Plan. Collision Insurance Plan provides protection in the event of the car being damaged in a collision with another vehicle or hit on the road by an unknown driver with an unknown intention.
Apart from offering protection in the event of accidents, it is advisable to consider the benefits of a separate policy for your teenager. You can make use of the Teen Driver Insurance Plan offered by many car insurance companies. For this, you will have to pay a higher premium as compared to a standard teenager car insurance policy. However, if your child is insured under a separate policy, you can avail of cheap auto insurance for your child even if he or she has joined an independently operated family policy.