Teenagers: What You Must Know About Car Insurance
Got your first driver's license and a brand new car? Drive on but be sure to get car insurance first. Even teenagers like you would know that it is illegal to drive on a public highway without car insurance. Aside from the fact that you are making sure that you are covered if ever you get into an accident, you should also make sure that others would not suffer if you caused the car mishap. Your insurance will have a Liability Coverage that will pay for any damage on other people's properties caused by your carelessness or mistake.
Let us discuss some questions that you might have about insurance. You might have an idea by now that teenagers pay more on their insurance than adults do. You might be wondering why this is so. Well, generally, teenagers are more reckless than adults. Teenagers are more likely to drive drunk and engage in drag race. It does not matter that you think this is stereotypical. Insurance companies do not really care; they have piles of insurance records that tell them there are more teenagers who got into accidents over the years than adults.
You might also be wondering if you should be on a certain age before you can buy insurance. There is no age requirement, really. The only thing required of you is a valid driver's license before you can buy car insurance. You must be 18 too before you can own a car that is registered under your name and not some adult's in most states. If you are wondering how often you should renew your insurance, the answer is that it depends on your insurance company. Most insurance policies last for six months, some last for a year.
Now, you might want to know if your insurance rates will go up if you get into an accident. If the accident was not your fault then your rates will remain. But if you are responsible for the accident then the rates will definitely go up especially if the accident resulted in expensive property damage like crashing into a lamp post. Once you caused an accident, you will be categorized in a higher-risk group and you will pay more when you renew your insurance. You will no longer be in the same category as the accident-free group. The people who belong to the higher risk group are those who recently got into an accident.
Let us discuss some questions that you might have about insurance. You might have an idea by now that teenagers pay more on their insurance than adults do. You might be wondering why this is so. Well, generally, teenagers are more reckless than adults. Teenagers are more likely to drive drunk and engage in drag race. It does not matter that you think this is stereotypical. Insurance companies do not really care; they have piles of insurance records that tell them there are more teenagers who got into accidents over the years than adults.
You might also be wondering if you should be on a certain age before you can buy insurance. There is no age requirement, really. The only thing required of you is a valid driver's license before you can buy car insurance. You must be 18 too before you can own a car that is registered under your name and not some adult's in most states. If you are wondering how often you should renew your insurance, the answer is that it depends on your insurance company. Most insurance policies last for six months, some last for a year.
Now, you might want to know if your insurance rates will go up if you get into an accident. If the accident was not your fault then your rates will remain. But if you are responsible for the accident then the rates will definitely go up especially if the accident resulted in expensive property damage like crashing into a lamp post. Once you caused an accident, you will be categorized in a higher-risk group and you will pay more when you renew your insurance. You will no longer be in the same category as the accident-free group. The people who belong to the higher risk group are those who recently got into an accident.
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