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

Response: Christen, ban on text messages would help in getting cheap teen auto insurances since prevention of accidents would lead to better driving history and thus cheap auto insurance quote.

I understand this concern and especially for teenagers who are used to the mordern gadets. Text messaging whilst driving has caused a lot of fatal accidents since text messaging is one of the second highest reason fro auto insurance claims and accidents other than speeding.

Auto insurance rates are affected and it is difficult to get cheap teen auto insurance if one is driving with distractions, text messaging being one is because you are more likely to get involved in an accident. Once you have an accident than you are going to have an auto insurance claim, which will push up your auto insurance rate and will prevent you from getting cheap teen auto insurance quote.

Here are some of the reaosns why the different states have brought in the law banning text messaging whilst driving.

Insurance is based on data and auto insurance is based not only on the data but also on the fact that this would affect human life’s and hence risk prevention and control is more important for this than other areas of insurance. Save your life and others.

Florida’s minimum coverage is $10,000 personal injury protection (PIP) and $10,000 property damage liability (PDL) as long as you have a valid Florida tag.

The Bodily Injury Liability is a coverage that would pay for serious and permanent injury or death to others caused by an accident of your auto. Your insurer will pay for the injuries caused in case you are sued up to the limits of your policy. Your insurance company will also pay incase you or any member of your family or any person was driving the car, provided the person had the permission to drive the car and the person is holding a valid license.  This coverage also provides you with legal defense in the event you are sued by the injured party.

I would recommend that you should go for limits higher than this, since you are a teenager and if you can afford this, since the accident rate for teenagers is highest for this group. Not having sufficient liability limits can lead to grave financial consequences.

Kamlesh