How Certain Cars Can Change the Price Of Teen Auto Insurance
A teenager eagerly awaits his or her first vehicle, since it is a memorable moment as well as one of the first steps into adulthood. Teenagers often drive better cars than their parents, which is no surprise. These cars however, may be influencing your auto insurance more than you think, and that is why you should heavily consider the options and costs of that car your teen has been coveting.
Large vehicles that are top heavy are more likely to roll over during a wreck or accident. Many SUV vehicles are not as safe as they should be, or could be. This increases the teen auto insurance rate drastically, especially with the safety features that these vehicles tend to lack when compared to smaller more safe cars. If cheap teen auto insurance is important to you, then steer clear of SUV's and vehicles without much safety.
If you are considering purchasing your teenager an older model vehicle, it could be a pretty good move. Of course it all depends on the vehicle itself. Older vehicles that are on a safe list, easy to repair, and in good condition can be insured for very reasonable rates; especially when paid for in cash. Older cars that are not in good standing are likely to come with high insurance rates that are undesirable to most.
The car that you choose to buy your teenage greatly impacts the auto insurance rates for your teen. A vehicle with few safety features and too many risks will result in sky high insurance rates. A vehicle that is too new will also result in very high rates.
Fancy vehicles, or ones that cost a considerable amount are usually easily stolen and damaged. Insurance companies will charge outrageous teen auto insurance costs for these, so beware when purchasing your teenager that coveted new corvette or a lexus. These are not realistically good buys, and can send your insurance through the roof.
Different vehicles pose different risks and problems associated with owning them. You should always aim to find the middle ground when purchasing your teenagers first car. Teen auto insurance will definitely be more forgiving if you buy your teen a reasonable vehicle with sturdy security, as well as one that is not easily stolen or one lacking good safety.
Closing Comments
Now that you know why the vehicles you purchase your teen influence their auto insurance rates, you can begin to make the right vehicle choice. Auto insurance for your teen is very important, so never cut corners on it, but do make informed decisions.
Large vehicles that are top heavy are more likely to roll over during a wreck or accident. Many SUV vehicles are not as safe as they should be, or could be. This increases the teen auto insurance rate drastically, especially with the safety features that these vehicles tend to lack when compared to smaller more safe cars. If cheap teen auto insurance is important to you, then steer clear of SUV's and vehicles without much safety.
If you are considering purchasing your teenager an older model vehicle, it could be a pretty good move. Of course it all depends on the vehicle itself. Older vehicles that are on a safe list, easy to repair, and in good condition can be insured for very reasonable rates; especially when paid for in cash. Older cars that are not in good standing are likely to come with high insurance rates that are undesirable to most.
The car that you choose to buy your teenage greatly impacts the auto insurance rates for your teen. A vehicle with few safety features and too many risks will result in sky high insurance rates. A vehicle that is too new will also result in very high rates.
Fancy vehicles, or ones that cost a considerable amount are usually easily stolen and damaged. Insurance companies will charge outrageous teen auto insurance costs for these, so beware when purchasing your teenager that coveted new corvette or a lexus. These are not realistically good buys, and can send your insurance through the roof.
Different vehicles pose different risks and problems associated with owning them. You should always aim to find the middle ground when purchasing your teenagers first car. Teen auto insurance will definitely be more forgiving if you buy your teen a reasonable vehicle with sturdy security, as well as one that is not easily stolen or one lacking good safety.
Closing Comments
Now that you know why the vehicles you purchase your teen influence their auto insurance rates, you can begin to make the right vehicle choice. Auto insurance for your teen is very important, so never cut corners on it, but do make informed decisions.
posted by Credit Counseling at
10:40 PM
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