With so many variables to manage — variables like the region or state you live in, the car you drive, and your credit history — figuring the insurance process out can have you missing the road quick. But if you have (or are) a teenage driver, it can be especially important to have the right coverage. Insurance for teen drivers is costly. The price can be entirely out of proportion with most any other insurance coverage.
But managing coverage doesn’t have to be a stressful journey. Optimizing your policy for young drivers is easy to do once you know what to look for. And finding the best car insurance plan for a young adult will ensure that your family is protects without breaking the bank.
Here’s some of the best types of car insurance to get if you are a teenager.
Coverage Plans Offering Strong Good Student Discounts
Does your teenager have good grades? Would they be able to get good grades if they knew it would save them money? Find auto insurance companies with good student discounts. Beyond just the financial burden alleviated by these benefits, these plans also act as an incentive to keep grades up while keeping insurance rates down.
Good student discounts range from roughly 15% to up to around 25%, but results vary by region. Even still, that’s a pretty big incentive to continue working hard in the classroom.
Finding a strong discount can be all the difference in the world atop a fundamentally strong coverage plan.
When a parent worries about their teenager driving, they’re mostly likely picturing a car accident. Maybe their teen is distracted, or maybe they’re on the road with someone who is texting.
But there are plenty of ways a car can get damaged that have nothing to do with accidents with other drivers. Comprehensive coverage covers things like theft, damage from natural disasters, fire damage, or (perhaps most common for new drivers) collisions with animals. The damage done by these things can be alleviated in advance through comprehensive coverage.
While some risks are certainly less threatening than others, and personalizing your comprehensive coverage to your situation is absolutely vital, comprehensive coverage can be the wisest investment you make when done correctly.
We’ve all been in the position of being new to a skill. Mistakes will be made, and going through them is the most important ways improvement can be informed.
Car accidents happen. It’s a natural part of life and driving that affects all of us eventually, even if it through no fault of our own. And this is especially true for teens, who have accidents at higher rates than other drivers.
But with rates already being much more expensive for those who are under 25 years of age and those who are older, an accident can be a major financial game changer. Rates spike astronomically when teenage drivers make the wrong mistakes, even though mistakes are bound to happen.
That’s what makes collision coverage so important.
Collision coverage takes over (depending on region) when you have a car accident, protecting you from the financial burden of covering damages. That can include covering damages anywhere from denting a street light to running right into a Tesla.
While you might not always think you need strong collision coverage, having it as a backup plan for the rainy of days is wholly worth saving the potential backbreaking problems down the line.
Comparing car insurance is vital to car ownership, but many overpay as services change. If you’d like to save money on the car insurance bill but don’t have the time or energy to compare rates and services all day, Jerry can do the heavy lifting in finding better car insurance for you, tailored to your specific situation.