The number of teenage car drivers in the United States is increasing with every year and with it there is an increase in the number of accidents involving the teenagers. Therefore, there has been an increase in the number of insurance policies of the teenage drivers, as the safety of the teenagers has become a main issue with the parents. However, insuring a teenager is considered to be the most expensive of the policies. If they are added to the auto insurance policies, it increases the amount of premium that is required to be paid. The insurance that is required to be paid for the teenage drivers is quite high, and there are many reasons for such high insurance premium. The main reason for high rate of insurance premium is the lack of experience of teenagers in driving that makes them more vulnerable to accidents. In order to get a next lower rate of interest you are required to have at least more than three years of driving experience. If the age is below 25 of the applicant the rate of premium that is required to be paid is usually too high. Another fact is that a single male driver will be required to pay much of a higher rate of interest than females. Usually a young driver has more sense of independence, along with lack of patience and responsibility. They tend to rash driving and driving under the influence of alcohol, which is the cause of many accidents and other serious injuries.
Adding your teenager to your existing auto insurance policy is considered to be the most inexpensive option. Teenagers are usually offered a lot of discounts and other offers associated with the insurance policy, such as multiple car discounts and safe driver discounts. However, it has to be remembered that if your vehicle is much expensive, it will raise the value of the policy of your teenager. In such circumstances, it is good to purchase a car for your teenager, and make insurance in his own name, rather than adding it to his own policy. Older vehicles are less risky and inexpensive, as not much expenditure is involved in the repairs of these vehicles. In cases of lower risks there are lower rates of insurance premiums also. The best way to determine a cost effective option is to make a consultation with your insurance company, who is in a best position to give you some of the accurate insurance quotes. These quotes are helpful in deciding whether you need different quotes for your son or you need a single insurance policy.
When you plan to get your teenager his first vehicle, his safety should be your first priority. The vehicle that you pick should also suit your budget. It is a well known fact that a simple vehicle, shall suit your budget, as well as be cheaper in the form of insurance policy. Parents should decide about the safety and reliability of the vehicle, as it is important to drive safely not only for the teenager but also for everyone else on the road.