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Exploring the Options of Car Insurance for Teenagers

by Amy Walters

One of the most important things to do when you are in need of a car insurance policy is to shop around for the most competitive quote you can find. Many people follow this way of thinking, but it is even more important to do so for teenagers because they will be among the most expensive drivers to insure.

When someone first starts driving as a teenager, they will be faced with high insurance costs. This is because they have not yet proved they are a responsible driver. Statistically speaking teenage drivers with little to no experience of driving a car are the ones who are most likely to cause an accident. Thus the insurance policy will be higher to account for this fact.

The group of teenagers who will have the highest risk of an accident is the males. While young new drivers are most at risk of having accidents, the risk is weighed more highly in favour of the male drivers. Male teenagers are much more likely to drive faster than female teenagers, bumping up their chances of an accident as a result.

Of course car insurance is a legal requirement so it makes sense to find the best teen policies you can before insuring your car. One of the cheapest options is to be named on the car insurance policy on your parents’ car. This allows you to drive their car and be insured to do so. However it is illegal to buy a car and have your parents insured on it and to name you as the second driver. So you must make sure you approach this in the right way, depending on whether the car you drive will be yours or not.

Another way to bring down the premiums is to buy a cheap car in a low insurance group. It may also be worth comparing the cost of comprehensive policies with third party ones. Third party is generally cheaper but do check before you buy.

There are also black boxes that are becoming more widespread now that can help to reduce premiums by providing proof that you are a safe driver. It is much like the black box that an aeroplane would have, recording details of each journey it takes.

As you can see there are ways to make car insurance cheaper even if you are looking for your very first policy. That’s why it is wise not to rush out and buy the car you really want – because you may not be able to afford to insure it. Doing your research ahead of time is the best way to get the cheapest car insurance quote you possibly can.

Young drivers will always pay more for their insurance than older and more experienced drivers. But once you have proved that you are a responsible driver who is able to drive safely and according to the rules of the road, you should find the cost of your policy will drop in the years to come.

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