Budget Colorado Car Insurance For Your Teen
Reader’s Question:
I am aware that once I’ve added my teen son under my car insurance policy the rates will definitely increase. But, I’m still hoping that there’s still a possibility to get budget car insurance for my teen child here in Colorado. I hope you can help. Thanks a lot!
Sammy
Denver, CO
You are correct Sammy when you said that your car insurance rates will increase once you’ve added your son. Teen drivers are high risk drivers. In fact, according to the American Academy of Pediatrics, 1/3 of deaths of people between the ages of 16-20 are all because of accidents related to motor vehicles. With that figure, there are around 5,000 teen drivers who died every year because of motor related accidents.
That’s one of the reasons why teen drivers get higher auto insurance rates. But believe me, budget car insurance for your son is attainable and here’s how:
- Do comparative shopping. Check the Internet and get several car insurance quotes so you can do your comparative shopping.
- Increase your deductibles, this can also lower your insurance rates.
- If your child is included in the honor list, inform your car insurance provider for a possible discount.
- If your child has completed a driver’s education program you must also notify your insurer since that could also help you get lower car insurance rates.
- If you have an old vehicle, you may also want to cut down on your physical damage coverage or if you want you may completely remove it.
You can start getting online car insurance quotes now so you can do comparative shopping for your insurance needs. I do hope you’ll get the budget car insurance that you need for your teen. Good luck!
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