Have you tried asking your teenager what his or her dream present might be? If he or she answered “a car,” do not worry, you are not the only parent who is feeling the pressure. Today, more teens are aspiring to drive their own vehicles and feel the rush of busy streets and enjoy the sense of freedom it gives. Now, if you are considering buying your teen a car, also think of the insurance policy you might be paying for it. To help you out, here are a few tips to use when choosing the right vehicle for your teen and for your insurance budget.
The first and most basic principle you have to remember is the more expensive a car, the more costly it is to get it insured. In other words, to get cheaper auto insurance, buy a cheaper vehicle. Old and used cars also have lower insurance rates. Thus, you have to take time in looking for the perfect car that your teenager will like, and at the same time, costs less for insurance.
Second thing to consider is its manufacturer. Cars made in the United States often have lower insurance rates than those built in other countries. A vehicle’s structure also matters, just like how 4-door cars and minivans cost lesser to be insured than other types.
Third, research on and study the safety ratings of different vehicles, especially according to auto insurance companies’ records. Generally, they offer lower premiums and deductibles to automobiles that are proven safer than others. Bigger cars are more secure on the road than small ones because the latter frequently gets more damaged in car accidents. Therefore, it is but economical to buy a car not smaller than a Honda Civic or a Toyota Corolla. This way, you will be paying less for auto insurance, and that is if you have found the right insurance company.
Speaking of finding the right auto insurance company, if you have already found the perfect car for your teenager, a fourth measure you can take in order to find the cheapest auto insurance available for it is to scout for an insurance company that would offer the best policy for your car. The easiest and most convenient way to do this is to search online. A lot of websites already give out free auto insurance quotes from different companies. This will save you a lot of time and effort.
At this point, once you have settled your accounts, found the right car and chosen an auto insurance holder, you are now ready to give your teen the perfect present.