Finance And Business | Safety Tips For Young Drivers to Get Lower ...
The different auto insurance quotes for teenagers are always being frowned upon not only by teenagers themselves but parents too. The high premium offered by auto insurance can be lowered with these safety tips.
Being a young driver brings problems not only to the society as a whole but to auto insurance providers as well. Statistic shows that each year 5,000 teenagers ages 16 to 20 die of fatal injuries caused by car accidents. And about 400,000 drivers ages 16 to 20 will be seriously injured.
The risk is more among young males who are always hot for speed and new adventures. These statistics gave the auto insurance companies the idea to raise insurance premium for teenagers which is practical for their business. Alternatively, there are solutions to help lower teenagers' auto insurance rates.
In every state, graduated driving license (GDL) are designed to help young drivers adjust from being amateur to being a little expert in driving before he is put behind the wheel. This will place them in a lower risk situation.
Studies show that healthy implementation of GDL laws help lower the percentage of crash accidents among 16 year old drivers by 40 %. Advanced driving training is also an advantage for those who give their time for it. It may lower your premium up to 20% or even more. This is viewed by insurance companies as positive towards your driving score because you are doing something to improve your driving skill.
For parents, they should not purchase a high performing car for their teenager. It is not only expensive but dangerous for hot young drivers. A full coverage of high performing cars ranges from $1500 to $3000 a year for male young drivers. It is a little less for their female counter part. Safety gears and anti theft devices should be installed to expensive cars. This is to protect your car from untoward robbery and destruction. Insurance companies may give discounts if safety devices are furnished.
