The vehicle is one of the most important factors that affect insurance rates. You can reduce or increase 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 is a teenager. There is a high chance it is impossible to find coverage with such double exposure.
One thing that can make things whole lot more complicated is to have a high performance automobile in the household. If a parent purchases a sports car it is more than likely that a son or daughter cannot be listed on the policy. Some companies may go a step further and not renew it at the end. This could create a big trouble in states that don’t allow driver exclusions when they live in the same house.
In the same way, it would be a mistake for a teenager to buy a car that has sport futures. It doesn’t have to be a full blown one with all the trimmings. 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 costlier than a standard Golf models. It is important to look at likely premiums when buying a vehicle.
Most auto insurance companies would only cover certain cars if the driver is over 25 year-old and have clean history. In the above example, even though parents would be over certain age having a teenager at home can cause such a serious problem that they may have to sell it and get a modest replacement.
The reason for higher car insurance costs is that a powerful auto and teen driver doesn’t go well. They are about four times more likely to cause serious accidents. This possibility increase when you add a lot of horsepower to the equation. There are tons of research and statistical data on this to pay attention. Besides, carriers 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 on the roads. It shouldn’t take off fast because that would make it harder to control. Also, it should be sturdy to withstand high-speed crashes.
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 smaller, weaker and lighter autos.
So, a typical four-door sedan might just do the job for the time being. Important thing to remember here is that rates can be astronomic, especially at 16 or 17 and you should develop strategies to get past them with a minimum damage to your wallet while trying to avoid big collisions.
Most parents would consider themselves lucky when they can get over the first year with only one or two scratches. There is nearly ten times more chance of an accident in that period. That is why you hope they are minor and the vehicle is very protective.