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Teenage Car Insurance – Is There Any Hope For Low Rates?

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Teenage Car Insurance – Is There Any Hope For Low Rates?

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So, your teenager is ready to start driving. An always scary time, but now is not the time to panic. No, now is the time to get car insurance for your teenaged driver. You go online, pull up some rates, and promptly begin to…panic! Yes, teenage car insurance is expense. Really, really expensive. So expensive that you might question the usefulness of this whole “driving” thing. What in the world is going on here? Well, as you may know, insurance is priced based on the risk assessed by the actuary. Basically, teens are considered very high risk drivers, and are therefore subject to fairly extreme rates, as you’ve probably noticed. Teens get into accidents much more often than other drivers, and this shows itself in the rates you get. If you’re a slightly budget conscious person, you’re probably wondering how you can lower this cost. Simple answer: wait until your teen gets older. Insurance will get cheaper then, because they will be in a lower risk category. Not the reply you wanted to

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