The vehicle insured is one of the most important factors that affect car insurance rates. You can reduce or increase your premiums by choosing a safer or faster auto. However, it may be more complicated than just having to pay more for a sports car when the driver insured is a teenager. There is a high chance that you may find it impossible to insure at all.
One of the worst things any parent or teenager can do in terms of automobile insurance is that they buy a sports car. If the parent purchase a sports car it is more than likely that teenager cannot be insured on the policy as a listed driver. Some companies may go a step further and not renew an existing policy when it expires.
In the same way, it would be a big mistake for a teenager to buy a car that has any sport futures. It doesn’t have to be a full blown sports car. Certain model variations can make a difference in premiums as well. For example, models with GTI are more expensive to insure, in general. Volkswagen Golf GTI is more expensive to insure compared to other Volkswagen Golf models. It is important to look at the insurance costs when buying a vehicle.
Most auto insurance companies would only insure certain cars if the driver is over 25 year-old and have clean driving history. In the above example, even though parents would be over certain age having a teenage driver at home can cause such a serious problem that they may have to sell the sports car.
The reason for higher car insurance costs is that a powerful car and teen driver doesn’t go well. Younger drivers are much more likely to cause serious accidents. This possibility increase when you add a lot of horse power to the equation. There are tons of research and statistical data on this that you should pay attention. Besides, insurers will not back down on their position. So, someone has to give way.
It is highly advisable to buy safer automobiles for teenagers in order to avoid insurance complications and costs and make sure they are safer when they are out for a drive. Some of the small cars are great for driving around within the local area. However, they cannot withstand a highway crash and cannot protect the passengers well. So, either you should buy a safer automobile or don’t allow them travel on the highway often if they have a smaller, weaker and lighter autos.