Teenage Insurance – Insuring Your Car and Your Child

You’re teenager is driving, congratulations! I’m sure you’re thrilled. However, teenage insurance is costly. Insuring a teenager could possibly double the cost of your family’s auto coverage. The insurance companies have their reasons for this, and their reasons affect you more than you know. First, teenagers represent the riskiest fragment of the population, and account for the most fatal accidents. In addition to this, and in the midst of an economic crisis, it should be noted that the estimated annual national cost of teenage drivers’ accidents is thirty two billion dollars.

There is a need for driver education. Encourage your teenager to make wise driving decisions. They should learn to have a good time and still exercise caution. While we probably can’t eliminate teenage drinking and driving, we can proactively stimulate it’s decline. 25% of teenage auto accidents are alcohol related, so as parents we must begin driver’s education at home. There are also driver’s ed classes available. These classes not only enhance your child’s driving ability, they also lower insurance premiums. Formally educated drivers are less of a risk to insurance companies.

You can counteract the hassles of teenage auto insurance. Pick a safe car to drive. The model you choose will directly affect the cost of your coverage. Try to put your teenager on your family policy if you haven’t already. Again, consider driver’s education classes. Ask your insurance company about student discounts. Believe me, there are ways to save on insurance. The reason nothing gets done. The positive changes that could take place in the world of teenage insurance would take entirely too long for anyone to care. By the time we implemented new driver’s education requirements and legislation that could eventually lower the cost of insurance premiums, the parent’s and teenagers fighting for the lowered costs would be decades older. And I haven’t read about any president issuing a bill to eliminate the causes of high teenage insurance costs, even though it could trim down the $32,000,000,000 we spend every year on teenage auto accidents and save precious lives. The solution is long term, and as of October 16, 2008, is virtually non-existent. If you are concerned, voice your opinion where it counts and write a state representative.

Source by Julian Floyd

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