Sure, it is true that your teen could cause your insurance rates to double, maybe even triple. This all has to do with the fact that there are more than triple the amount of accidents that involve someone under the age of 20 than involve someone that is over 20. This is why our insurance rates go down at 25. We have matured and we are now able to be safer on the roads.
Teenagers are just learning how to drive and too often we make mistakes and learn the hard way. When I was a teenager I was involved in 5 different accidents and two more before I turned 25. Now I have not been in a single one since I turned 25 and I have notices that I drive much safer and I am always watching out for the other guy.
You can get discounts for your teens by sending them to drivers school or drivers education classes. If the pass the classes and get their certificate, this can save you between 10% and 20% each year on your policy.
There is also a discount offered for good students, which are those with a "B" average or better. This is worth another 20% for your teen and your policy.
You can also get even lower rates if your driving record is clean and your teens driving record stays clean. Now you should not panic when they get their first speeding ticket or other infraction because it will probably happen. The first one is a bit of a freebie though because they can use the deferral program and as long as they do not get another ticket for a year it will be wiped off their record.
Car insurance rates for teenagers are very high and you should explain to your teenage driver why that is. By telling them about the dangers that they face you might just be able to put something in the back of their mind that will keep them safer on the roads.
Car Insurance Rates - How Do Traffic Tickets, Accidents, and DWIs affect your Car Insurance Rates
Do you know the true cost of a traffic ticket, an accident or a DWI when it comes to your car insurance rates? Do you know how long these things can have an affect on what you pay for your insurance each year? These are offenses that insurance companies take into consideration when they are deciding how much to charge you for your insurance. They are all reasons that your insurance rates will go up and you need to know how much you can expect to pay if you get a ticket, have an accident, or get caught drinking and driving.
First, let us discuss traffic tickets. When you get a ticket for speeding, if it is your first, you can usually use the deferment program and pay the ticket. This means that as long as you do not get another ticket within a year the insurance companies will never find out that you got a ticket because it will be removed from your record. If you can use this program, then you should do so. If you have already used the deferment program, then you will have to report the ticket to your insurance and this will cause your rates to go up from 50% to 150% of your current premium.
It will make a difference if you were going 20 miles or more over the speed limit because that is considered wreckless driving and you will have to pay even more on your insurance premium.
Second, let us discuss accidents. Even an accident that is not your fault will raise your rates some. This is due to the fact that somehow you were in the situation where you ended up in an accident. This will not raise your rates too much, but if you have a few of them in a year or so period of time, then it will have a heavy effect on your rates. Now if you have an accident that is your fault, then you better be prepared for your rates to skyrocket. They will at least double and might even triple in some cases. Accidents are one of the worst things when it comes to your insurance rates.
Last, let us discuss DWIs. These are the worst for your insurance. Beside the couple thousand in court costs, lawyer fees, probation fees, and alcohol class fees that you will pay, you can expect your insurance to jump about 200% to 500% for the next year, then it will go down a little if you do not have any infractions. After about 3 years it might make it back down to where it was before, but it may take up to 5 years. This will most likely bring the total cost of your DWI up to around $5,000 to $7,000 when you could have taken a cab for under $50 or rented a hotel room for under $100. Instead you will pay for it on your car insurance rates.
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Getting the right car insurance is not always easy. There are so many choice and you really need to look at what is best for you. Find out more about car insurance for teenagers and for anybody else here: http://www.free-offer-sites.info/AutoInsurance/Articles/Car-Insurance-Costs-Teens.html
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