The 5 Causes Of Rocketing Car Insurance For Teenagers - Part 1

According to the insurance companies, there are five main factors that affect the cost of car insurance for teenagers. To a greater or lesser extent we have some control over three of the five factors that determines the price we end up paying. The five factors are:

The type of vehicle the teenager is looking to insure.

The teenagers driving history.

The location of where the driver lives.

The age of the driver looking for insurance.

The sex of the driver looking for insurance - Are they male or female?

This article will be looking at the types of vehicle best suited to a new driver, but we will be covering the other four factors in subsequent articles. In order to get the cheapest car insurance for young driver available, it would be advisable work your way through the list to see if you can make any changes.

There’s a real dilemma when it comes to choosing a teen’s first car. On one hand, the teenager would like to buy the coolest car they can find, whether that’s a performance type car or one that’s been heavily modified - this would certainly impress their friends and would probably make them the most popular kid on the block. The parents on the other hand, want everything in a car that is alien to a teenager, low running costs, stability, and above everything else safety!

Whether you’re a parent reading this or a teenager, there’s more than likely going to be an element of negotiation about buying the first car. For parents, you know your teen best, so you are best placed to decide just how sensible they will be when they first start to drive solo. For teenagers, your parents want to hear maturity from you - it will give them more confidence to buy you a car that better suits your needs than theirs. One word of caution though, don’t make promises you have no intention of keeping - if you promise not to speed and you get a speeding ticket straight away, you will lose their trust and may end up losing your car!

If you can afford it, your smartest choice is probably buying a brand new medium sized car. This offers the best balance between safety, image and low running costs (insurance premiums). New cars today are much safer to drive than cars were ten years ago; they are packed with safety features such as airbags, anti-lock braking systems, and driver protection systems. So opting for a new vehicle might turn out to be one of the best decisions you ever make.

Car Insurance For Teenagers | The 5 Causes Of Rocketing Car Insurance For Teenagers - Part 1

The 5 Causes Of Rocketing Car Insurance For Teenagers - Part 1

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