Typically, adding a teen driver to their parents' policy will be a cheaper alternative to getting a teen a car insurance policy on their own. The person most affected in this case is the parent, who is taking on a significant risk by adding a new, teen driver to their policy. As a result, insurance companies will increase their yearly payments. Nonetheless, the increase is still far less than the yearly price of getting a teen their own insurance.
The Rogue is another great pick for teens seeking a safe but eye-catching SUV. The model features head curtain airbags for all three rows of seats, front seat-mounted torso airbags, a rollover sensor and electronic stability control. If your teen is planning on driving long distances to activities or to college in a few years, the "Zero Gravity" front seats are designed to improve blood flow and minimize fatigue during long drives.
Keep your car safe: You will often be offered cheaper new driver car insurance quotes if the insurer believes that the vehicle is less likely to be stolen or vandalised. You can achieve this by simply parking the vehicle in a locked garage at night or at least off the road on a secure driveway. If this is not possible, then you could look at adding security enhancing devices such as immobilisers, tracking devices and alarms.
Adding a 17-year-old male driver to an existing policy will add $2,593 more in auto insurance costs per year—increasing the average annual rate from $1,259 to $3,852. This saves $5,096 per year—a 66% reduction in auto insurance costs—compared to the cost of the same 17-year-old getting their own policy. Additionally, if parents happen to insure their car with GEICO, their teen will have access to GEICO family pricing. This is a program where a teen can—when they get their own policy—get a discounted rate due to the family being a part of GEICO.
Car insurance for college students can be pricey for sure, but you can capitalize on certain discounts. One that can reap up to 20 percent off is the “Student Away” discount. Typically, you qualify if you are listed on your parent’s policy and drive one of their cars they keep at home but attend college 100 or miles away. Some insurers may also require that you are under age 26 and unmarried to receive the discount.
Not too long ago, Esurance was bought by Allstate. The insurance company, long known for offering low quotes online is now backed by one of the most-known players in the insurance business. It’s easy to get a quote online, or reach the 24/7 toll-free customer service line. Esurance also makes it easy to manage your auto insurance policy and your claims online.
Geico includes discounts for the vehicle equipment you have (air bags, anti-lock brakes, anti-theft, and daytime running lights) as well as for your driving history and habits. You receive a discount for five years being accident-free, as well as for taking driver’s education and defensive driving courses. Teen drivers, college students and young adults can receive a discount for good grades as well, and Geico offers discounts for military service and for federal employees, on top of the standard coverage discounts for multiple policies and vehicles. You can also check Geico’s list of more than 500 membership and employee groups that can result in discounts.
The Mazda 3 feels like a sports car but its affordability and excellent safety rating make it a great choice for teens. The Mazda 3 has received high safety ratings in all IIHS safety categories since 2011. This model features a rollover sensor, electronic stability control, anti-lock brakes, daytime running lights and side airbags. The new Mazda Radar Cruise Control monitors the engine and brakes to maintain a safe speed and distance between you and the car in front of you.
Federal research shows people are driving more -- the average miles driven per year is on the rise -- and more motorists on the road means more accidents. The cost to repair newer model cars with high-tech safety devices and sensor technology is also increasing, as are medical costs for injuries. And don’t forget about the hurricane and hail damage from recent severe weather storms. Insurers are passing on some of these higher expenses to you in the form of higher car insurance rates to recoup their losses.
Car insurance rates have continued to climb in recent years, and 2019 will see the continuation of that trend. If you’re in the market for car insurance for new drivers, say teens, or car insurance for college students, that isn’t good news, as rates are super high for inexperienced motorists. But you’re in the right place to learn how to lower car insurance costs, even though finding cheap car insurance for young drivers is challenging, it’s not impossible.
The first part of the post only outlines the financial and other consequences that will be imposed on you by the State of Texas for driving without insurance. What has not been mentioned is the devastating costs you will face if you get into an accident that is your fault. In Texas, you can be held 100 percent liable for any and all physical injuries and property damage resulting from a vehicle accident that you have caused. Think of what those costs could be: thousands, hundreds of thousands, maybe more.