One of the most controversial issues in the field of insurance coverage is the car insurance for young drivers. A sore subject for the parents due to the extra expenses involved, it involves adding a driver to the existing insurance policy.
Lack of Uniformity
One of the major problems confronted by the prospective clients is that lack of uniformity in the types of car insurance that could be provided for the young drivers. Most of the insurance companies have their own divergent policies and unique set of terms and conditions for granting such insurance coverage.
Higher Premiums
Normally the coverage cost for young drivers would be on the higher side. One of the main reasons for such situation is that they lack the experience of a seasoned driver. Usually insurance companies provide discounts when the driver has at least three years clean driving record to display. Essentially this involves that the driver has earned neither any ticket, nor suspension or fender benders. On the other hand the basic objective of the teenage driver would be to get the best coverage paying the least.
Way Out
Good news for aspirants of car insurance for young drivers is that there are a few ways out of the doldrums. Type of vehicle is one aspect that has a major impact on the costing and determination of premium for the insurance. Sport utility vehicles and all types of such cars will result in higher premiums. On the other hand a reliable yet used vehicle could have much lower premium rates for insurance in case it is driven by a young driver. Another way of lowering the costs is to get the vehicle registered in the parent’s name.
Education and Training Helps
Parents could see to it that the premium paid by them on the car becomes lower since their children have already taken classes on driving. Companies often allow specific discounts for young drivers who have taken some training. However the client has to furnish the proof of completion of the training.
Registering With Parents
When a vehicle gets registered with the parents, he or she has to include in their respective policies. Usually this will entail them for a discount for having multiple vehicles under one policy. In cases where the parents have multiple policies there could be even more and additional discounts. Keeping the young driver as an associated in the policy of the parents would not only dispense with the necessity of immediate policy for the children concerned and will thus cut on the overall insurance costs.
Sorting Car Insurance is Essential
While passing the driving test is the most exciting moment for any new driver. However, it is also necessary sorting out the car insurance for young drivers so that any incidence that could cause problems can be addressed effectively. Statistically speaking young drivers are more vulnerable to accidents and becoming victim of vandalism, theft as well as fire.
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Sunday, May 30, 2010
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The company was founded in 1993 and has been providing lower premiums to the people since its inception. It offers special low cost Car Insurance for performance cars drivers, younger drivers of luxury cars, people living in cities and provides fast online UK motor quotes, reasonable premiums and various covers to their customers.For more information visit CarInsurance.co.uk
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Wednesday, May 26, 2010
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