Steve Iser : Why is teen auto insurance or car insurance mandatory in most countries all over the world? Why should we not get cheap car insurance if it is mandatory?

Teen auto insurance or car insurance mandatory

Response : Teen auto insurance or car insurance mandatory in most countries since unfortunately seen the experience is that there are lots of auto accidents. Unfortunately when an accident occurs the liability is very high especially if someone is injured, it is a catastrophic injury or some one dies. The cost of liability is very high which would ruin any person financially and at the same time the person who is not at fault would suffer though he is not at fault. The financial downfall of the households leads to the down fall in the economy and thus the nation. The same effects can be seen because of the mortgage collapse in USA presently. Thus auto insurance became compulsory. It is in a way to ensure that the persons who are driving the cars on the roads are more careful.

Below are some of the statstics given by the Insurance Institute of high way safety :

Motor vehicle crashes are the leading cause of death for individuals between the ages of three and 34 except for seven-year olds (based on 2005 data).

A motor vehicle death occurs on average every 14 minutes and an injury every 13 seconds. About 102 people died each day in motor vehicle crashes in 2008.

Since the first documented crash death in 1899, more than 30 million people worldwide have died in traffic crashes.

From the above data you will understand and agree that teen auto insurance or car insurance should be compulsory. How many under 25 years old will have millions of dollors to compensate for any loss or fatality that they cause due to negligent driving?

Cheap car insurance
Once again the above statastics speak for themselves that the auto accidents are so high that even if it is mandatory the claims payable for this are so high that the insurance premiums would directly follow the claims and the insurance companies expenses in settling the losses. The legal expenses are increasing which leads to higher expense rates for the insurance companies and ultimately the clients pay. This is one basic reason why cheap car insurance needs to be searched for. There are many other inter-related financial and technical reasons also to why auto insurance are not cheap.

For your benefit, let me tell you that it is always advisable to compare teen auto insurance online and get your cheap car insurance quote. Atleast you can make informed decisions.

Thanks.
Kamlesh

Ashley Tistale : Does the size of the vehicle matter for teen auto insurance and teen safety so that you can get cheap car insurance quotes?

Teen auto insurance, cheap car insurance : Teen safety

Response : Ashley, frankly I would be more concerned about teen safety rather than teen auto insurance or getting cheap car insurance. Safety would matter first before money would. Once you are safe and in the best state of health you can definetly make a few hundred dollars more.

Yes, the size of the car and the safety of the car certainly matters in getting cheap car insurance. Honestly when it comes to teen auto insurance quotes it is always a big issue for the parents since they are concerned of both and rightly so.

First lets see the safety and this is based on the research conducted by the insurance institute of high way safety.

“Vehicle Size and Weight: Small cars generally do not protect people in crashes as well as bigger, heavier models. Extra weight and size enhance occupant protection in collisions, according to the Insurance Institute for Highway Safety (IIHS), which conducted three head-on collision crash tests each involving a micro- or mini-car and a midsize model made by the same manufacturer. The three small cars earned good frontal crashworthiness scores when crashed into barriers at 40 mph. However, when a small car and a midsize car crashed, the risk of injury to the occupants of the smaller vehicle increased. The IIHS says that the fatality rate in 1 to 3 year-old mini-cars in multiple vehicle crashes in 2007 was almost twice as high as the rate in very large cars of the same age. Consumers buy minicars, such as the Honda Fit, Mercedes Smart Fortwo and Toyota Yaris, to conserve gas and save money and in response to environmental concerns.

In June 2009 the Insurance Institute for Highway Safety released the results of seven low-speed impact tests of micro- and mini-cars. The study found that one fender-bender type impact alone results in damage costing from hundreds to thousands of dollars. Five of the seven cars had poor ratings in the four tests, and one produced a marginal rating. The worst car racked up $9,380 in total damage in the tests, earning a poor rating, while the best performer, which earned an acceptable rating (none earned a good rating) incurred $3,281 in damage.”

Now, the insurance companies are interested in this research since it helps them to decide the rating for the car insurance. If you choose a safe car for your teen your teen auto insurance quotes will be much lower and you will get cheap car insurance quotes. However, it is still always advisable to compare teen auto insurance quotes online since the insurance for this group is normally rated high based on the individual insurance companies own experience for this age gorup. What better place than teen auto ins quote to compare and get cheap car insurance quotes? Check it out.

Whitney : I am a teenager and naturally am looking for new auto insurance discounts to get cheap car insurance or cheap teen auto insurance quotes. What are some car insurance discounts that a teenager can look for and get?

Teen auto insurance : Cheap car insurance with auto insurance discounts

Response : Whitney, this is not only your question but a question which is for majority of the teenagers, young drivers and even any auto insurance buyer since auto insurance is an expense each of us wants to reduce and cannot curtail.

When ever you want to have discounts on insurance than you must focus on safety and risk management or loss control. The insurance company is willing to pass on a discount or savings if they can make a savings for themselves and savings as a reduction in claims is always welcomed by the insurance company.

Insurers offer discounts to encourage drivers to focus on safety. Here are some of the new auto insurance discounts. State Farm, for example, offers as much as a 15 percent discount for drivers under age 25 who complete a safe driving program. Other insurance companies also offer graduated driving discount but it would differ from state to state.

Progressive’s MyRate program is designed to benefit safe, defensive drivers. It offers a discount to drivers in 15 states who use a monitor in their vehicle that tracks mileage and times of the day the vehicle is used, along with driver behaviors such as how quickly the car speeds up and slows down. This can be a great help if the teenagers are focusing on improving their driving skills and abilities. The discount offered to new customers is 10 percent of their total auto insurance premium when they sign up for the first time. The renew discount is 25 %. In general, those who would benefit most from the program are low-mileage, defensive drivers who do most of their driving in daytime hours. Drivers who have poor driving habits such as hard braking and accelerating could end up paying a surcharge of up to 9 percent. At least two other companies are trying out similar programs.

At least two insurers offer insurance discounts to owners of “hybrid” cars, which combine a battery-powered engine with a traditional gas engine. One offers a 10 percent discount on all auto insurance coverages, except uninsured motorist and personal injury protection (PIP), basing the discount on the driver rather than on a safety device or safety training. According to the insurer, hybrid owners are less risky drivers than the average driver, based on demographics, driving records, credit data, marital status and driving patterns. The other insurer offers a 10 percent discount (5 percent in California) on all major coverages, including uninsured motorists and PIP. Farmer insuranace was the first to start this discount.

What you need to keep in mind is that the auto insurance discounts change as per the marketing strategies of the insurance company and also as per the changes in technology and industry as a whole. It is necessary to keep on looking out for new auto insurance discounts and also the existing ones like association discount, good grades, multiple cars discount, nultiple coverage discount and safety features discount. Yes with discounts you can certainly get cheap teen auto insurance quotes and get them right now. What are you waiting for.. you can get the cheap car insurance or cheap teen auto insurance quotes at teen auto ins quote.com without any spending.

Jeff Walker :I am looking for cheap car insurance for teen auto insurance. My friend told me that I should go for a higher deductible? Please let me know how this would help in getting a cheap teen auto insurance quote and what the deductible is?

Teen auto insurance : Higher deductible

Response : Teen auto insurance is normally very expensive and so intially till you can establish a good driving record, one sure way to reduce the teen auto insurance quote is going for higher dedcutible. A deductible does not mean that the teen auto insurance premium is reduced by this amount of deductible that you opt for. It only means that if you opt for a deductible of $500 than the teen auto insurance premium is reduced by 5%. In case you go for a higher deductible of $1000/- than the discount on the premium is by 10%.

Let me explain to you what a deductible is. A deductible is the amount which you will bear and pay out of your pocket before the insurance company starts paying you in case of a claim. Thus if you meet with an accident and have to pay $5000/- for your car repairs than you would be paying $1000/- out of your pocket and the insurance company will pay the rest $4000/-

This is why your teen auto insurance remium is reduced or you get cheap teen auto insurance and the insurance company gives you a discount. The insurance company saves money on a claim and so it offers a discount. Secondly, you have to keep in mind that the incentive for a cheap teen auto insurance premium in terms of discount is given since you would not be placing smaller claims of les than $1000/- with the insurance company. Thus the insurance company will save money for smaller claims since its adminsitrative expense will be nil in case of small claims.

Also it has been observed that once you have to pay a deductible than the drivers are very careful since they are going to bear a cost of the claim. Thus this is a positive ploy employed by the insurance company to encourage good driving and discourage bad driving habits. This is very important for teen drivers. It would be one best way to save money and have cheap teen auto insurance and to improve your own driving.

Drive carefully and enjoy your savings.

Thanks.
Kamlesh

Nikki Yanofsky : My parents are getting divorced and I would be staying with my mother. Who should be paying my teen auto insurance premium? How can I get cheap car insurance rates or a cheap teen auto insurance quote?

Teen auto insurance

Response : Well, basically this question becomes more a legal question and so this is just my thinking and in no way any legal advice.

This is a decision which has to be deceided by the parent. As insurers we have seen auto insurance policies for teen drivers end in confusion for people getting a non-contested divorce. The most confusing situation arises when both parents have joint custody of the teenage driver. Divorce car insurance can be confusing when teenagers are involved.

If the divorce is contested than the issue of who pays for the teenagers auto insurance would be dedcided by the courts and this would resolve their issues. The court might include who will be responsible for paying the teen driver’s premiums. In most cases, insurance divorce law decides that the responsibility will go to the person who has custody of the child.
In equal joint custody situations, the parents should speak to their insurancecompany to decide what will be the best way to insure the teenage driver given all the aspects of the situation.

Cheap car insurance , cheap teen auto insurance quote

Personally, it might be best for the teen to accept responsibility and this way you are making sure that you would get cheap car insurance. If you are responsible, you would drive more carefully and avoid speeding or auto accidents. One sure way of getting cheap car insurance quotes or a cheap teen auto insruance quote is to establish a good driving record. An excellent driving history would reduce the rates for teen auto insurance and give you cheap teen auto insurance.

Another way is to increase the deductible, get auto insurance discounts and to shop for cheap car insurance quotes. You can definetly get cheap car insurance quotes at teen auto ins quote blog.

Enjoy your instant cheap car insurance quotes for free .

Thanks.
Kamlesh