Everything You Want To Know About Teenage Car Insurance

OK, that title is enough to give anybody the creeps. Not only is your teen old enough to get behind the wheel of a car and do some serious damage, but you've got to pay for their car insurance. Just when you thought you couldn't get any more broker. Of course, you could make them ride a bicycle everywhere, or take the bus, but that wouldn't do much for your household harmony. It's no secret that teens are the most accident and ticket prone drivers, which means they carry with them the highest insurance rates.

While it may be as simple as calling up your agent and adding them onto your policy, there some questions that may come up. And in this article, you are going to learn what they are, so you'll have a better handle of what's going on.

Your first question might be how much is it going to cost? Well, it's not going to be cheap, but it's not going to be as costly as it could be. It depends on various factors. Since they likely don't have much if a driving record, if they keep from getting any tickets, they may qualify for a good driver discount. Also, if they get good grades, they may qualify for a good student discount.

Many parents explain to their kids that they will have to pay more money every month in their grade slip, so it's in their best interests to keep their grades up. Some parents even as go as far as forbidding them from using the family car if their grades slip below a 3.5 GPA, for example.

Since you are likely the primary driver on the insurance policy, you are going to be the one footing the bill. Especially if you child is under 18. Of course, this doesn't preclude you from making your teen cough up some dough every month. After all, the minimum age for part time work is 16 in many states.

If a teen is under 18, they can't get insurance on their own. They must be part of your policy. It might be a good idea to remind your teen that once they turn 18, they'll have to get their own policy. Explaining to them that a poor driving record and a poor GPA will make their premiums much more expensive may help in keeping them on the straight and narrow.

Insurance companies set rates based on risk. And they group people together according to classes of risk. Because statistically teens have the highest probability of getting into an accident or getting a ticket, they have to pay the highest rates. It's nothing personal, it's just business.

While it might not be the most enjoyable thing in the world, getting car insurance for your teen is essential. So long as they understand that their behavior will have a direct impact on the cost, you've done all you can.

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