Whether you’re a young adult looking for your first insurance policy or a concerned parent teaching their teen about responsibility, it’s likely that you’ll be looking for the best car insurance coverage at the lowest cost. There usually isn’t a specific company that will always have the most favorable rates; finding the best car insurance policy for young and inexperienced drivers may require a little extra legwork. Continue reading to learn more.
Look for a Good Student Discount
Some car insurance companies offer discounts for students of local colleges or for high school students that have maintained a solid grade point average. It’s assumed that students who are responsible in their studies will be equally responsible with their vehicle. To obtain these discounts, students usually have to send in either their school transcripts or simply have a student ID and .edu email address.
Ideal Car Insurance Features for Students and Young Drivers
- Accident forgiveness. If you’re a brand new driver, it’s likely that you’ll get into at least one minor accident in the next couple of years. Some insurance companies will forgive the first accident that you have; your insurance premiums won’t go up until you’ve had two or more. This also means that you won’t need to worry about initiating a claim when you need to.
- Gap insurance. Gap insurance is intended to cover the difference between your vehicle’s value and the remainder of your automobile loan. For instance, if you owe $10,000 on a car with a replacement value of $8,000 and it gets totaled, your insurance policy will cover the full $10,000 rather than $8,000. Otherwise you could find yourself on the hook for the remaining $2,000.
- New car forgiveness. If you’ve purchased a new car for yourself (or a new car for your teen driver), you may be worried about its replacement value; after all, cars depreciate very fast. New car forgiveness will make you whole in the event that your brand new car gets damaged.
- Driving class discounts. Many car insurance companies offer discounts for those who have gone through a driving course. Teen drivers will be able to reduce their policy costs substantially by enrolling in these safe driving classes. There are many available in and around Tucson.
Don’t Skimp on the Coverage to Save on the Premiums
The best car insurance isn’t always the cheapest. While older, more established drivers may try their best to keep their premiums down, younger drivers should usually focus on acquiring the most coverage for the lowest price. Keep in mind that drivers from the ages 16 to 19 are the most likely to be in an accident. Because of this, a young driver may need to plan ahead to ensure that they are covered in the event that an accident does occur. In Arizona, drivers are required to have a minimum liability coverage of $15,000 per person and $30,000 per accident for bodily injury. Comprehensive coverage and collision coverage will be separate.
Of course, automobile insurance policies can also be lumped in with family plans or be put under a parent. There’s one significant danger involved, however: if a teen or young adult gets into an accident under their parent’s policy, their parent’s premiums may also go up. Maintaining one’s own auto insurance policy can be a good way for a young driver to learn to be responsible for their own expenses and it may also work out to be more affordable in the long run.
Let Us Help
If you’re a teen looking for your own policy, or the parent of a new driver, give us a call or request a quote. We’d be happy to sit down, listen to your concerns, answer your questions, and find you the right coverage at a great price