Teen auto insurance

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

Teen auto insurance

Teen auto insurance

Lower teen auto insurance rates? Car crashes for young drivers

It is a big concern to the insurance industries for maintaining low teen auto insurance quote. Parents beware: Giving in to teens’ demands for their own cars can have dangerous consequences, new research suggests.

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Teenagers with their own cars or free use of one are much more likely to get in crashes than those who share a car. And crashes are much less common among teens whose parents set clear driving safety rules.

The findings are in two studies by researchers at Children’s Hospital of Philadelphia and funded by State Farm Insurance Co. They are in the October issue of Pediatrics.

The researchers say the findings can help parents keep their kids from becoming a grim statistic: Traffic crashes are the leading cause of death for U.S. teens, killing more than 5,000 each year.

Getting a driver’s license and car are often viewed as rite of passage for U.S. teens, and many parents underestimate the risks.

More than 7,000 people nationwide were killed in crashes involving teen drivers in 2007, government data show. More than 3,000 of these deaths were teen drivers, and more than 250,000 teen drivers were injured.

“With teen drivers, you have to recognize that it’s a public health issue,” said Dr. Jeffrey Weiss, a Phoenix pediatrician who co-wrote an American Academy of Pediatrics report on teen drivers.

The 2006 report encourages parents to highlight the seriousness of driving privileges by requiring teens to sign driving contracts promising to abide by safety rules.

The new research shows that kind of hands-on approach pays off.

“Families need to know that driving is different” from other steps toward independence,said Dr. Flaura Koplin Winston, the study’s lead author. “Just at the time their teen is pulling away, they need to get back involved to spare them heartache.”

The research is based on a nationally representative survey of more than 5,500 teens in grades nine through 11. Students at 68 high schools answered questionnaires in 2006.

More than 2,000 students who reported driving on their own were the focus of one study; 70 percent said they had their own cars or were the main drivers of cars they used.

Winston said it’s alarming that so many kids have their own cars or feel that they have free use of one. She said that freedom can lead to “a sense of entitlement about driving” that may make them less cautious.

Among these “main” drivers, 25 percent had been involved in crashes, versus just 10 percent of teens who shared driving access. Winston said the lower crash rate doesn’t reflect less driving time, but is likely due to having to ask for the car keys, which helps parents monitor their kids’ driving.

It is indeed a challenge for the parents to give a car and but to teach their teens to ensure the safety while driving and get them cheap teen auto insurance quote. Check it out.

Teen auto insurance