{"id":6172,"date":"2023-06-11T16:54:00","date_gmt":"2023-06-11T16:54:00","guid":{"rendered":"https:\/\/www.freeway.com\/knowledge-center\/?p=6172"},"modified":"2023-09-20T19:01:48","modified_gmt":"2023-09-20T19:01:48","slug":"best-car-insurance-for-young-drivers","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/knowledge-center\/auto\/best-car-insurance-for-young-drivers\/","title":{"rendered":"What Is the Best Car Insurance for Young Drivers?"},"content":{"rendered":"\n
There are many things to consider, but first and foremost, you\u2019ll want affordable car insurance<\/a> for your young driver that is going to offer some protection for them, as well as you. <\/p>\n\n\n\n For young people, driving can often feel both exhilarating and frustrating. It is exhilarating because driving offers a sense of freedom and mobility. It is frustrating because the world of automobiles is full of confusing elements and rules. <\/p>\n\n\n\n One of those elements is most definitely auto insurance<\/a>. It is difficult for any driver to figure out exactly how much insurance coverage they need. If you are a young driver or helping a young driver get car insurance, that question is even harder to answer. <\/p>\n\n\n\n That\u2019s where we come in. Our guide will help you discover which car insurance is best for young drivers<\/a>, as well as how to save money on the monthly premium! <\/p>\n\n\n\n If you\u2019re reading this, chances are you have discovered just how expensive it is for young adults to get car insurance. Before we go any further, we need to answer the big question: Just why do young drivers have to pay so much for car insurance? <\/p>\n\n\n\n There are several reasons why it\u2019s difficult to get cheap car<\/a> insurance for teen drivers, and they are all related. It all comes down to how much risk the insurance company feels it is taking by insuring a young and less seasoned driver. <\/p>\n\n\n\n First, young drivers are inexperienced, making them likelier to get into at-fault accidents. Second, young adults are likelier to engage in risky driving behavior. Statistics back this up. <\/p>\n\n\n\n In terms of numbers, the CDC<\/a> calculated that in 2019 an average of seven teens died each day due to automobile crashes and hundreds more were injured. Insurance carriers would lose money if they offered cheap coverage to the people who are likeliest to get into a car accident. Fortunately, there are a few different ways you may be able to lower your monthly premium.<\/p>\n\n\n\n As a driver of any age, you should carry an active auto insurance policy. This is a good time to discuss the numerous benefits to having one, such as the following: <\/p>\n\n\n\n Auto insurance pays for the cost of damages and injuries sustained by first and third parties in an accident up to specific liability limits. It helps cover the cost of repair or replacement of vehicles and property, along with medical expenses and lost wages. Failure to have an active policy will force all damages to be paid out of your pocket, resulting in a hefty financial burden. <\/p>\n\n\n\n Your policy will help pay for property damage, if someone\u2019s auto is wrecked in a crash you cause.<\/p>\n\n\n\n Getting into a crash is traumatic, even if there are no injuries. Add to that the aftermath, which involves tedious paperwork, time-consuming and confusing negotiations with other affected parties, rental car decisions and more. With the right policy, you\u2019ll have the help of professionals to navigate through it.<\/p>\n\n\n\n Today, auto insurance companies provide additional benefits beyond liability insurance. These include rental car reimbursement and roadside assistance<\/a>. Any vehicle breakdown in the middle of nowhere can be easily covered, resulting in greater peace of mind. <\/p>\n\n\n\n The easiest way to lower or raise your premium is to change how much car insurance<\/a> coverage you have. Do you know what these types of coverage are and why each one is important? While there are other types of insurance you can add, the three main types of insurance are liability, collision, and comprehensive. <\/p>\n\n\n\n In an at-fault state, liability pays only for damage that you have caused another driver when you are determined to be the cause of the accident. In a no-fault state, no matter who is at fault, your liability pays for only your own damages. <\/p>\n\n\n\n Depending on the state you live in, liability is typically the minimum legally-required insurance you must carry. Some states require additional forms of coverage, such as Personal Injury Protection (PIP) designed to pay for your medical bills and uninsured\/underinsured coverage to protect you against drivers who cause an accident and are not carrying any or an insufficient amount of car insurance. <\/p>\n\n\n\n Collision pays only for damage to your car. Comprehensive insurance covers many things that can happen to your vehicle when you aren\u2019t driving (including theft and vandalism). These two together, plus liability, make up what is known as full coverage.<\/p>\n\n\n\n If you have all three types of coverage, this is known as \u201cfull coverage.\u201d This offers serious protection, but it also increases your bill. Teen drivers \u2013 and their parents \u2013 must eventually strike a balance in how much coverage they need and how much they want to pay. Talk to your agent about the benefits of a family plan<\/a>. <\/p>\n\n\n\n Take note that your protection is only up to the amount you have chosen on your policy. In other words, if you are in an accident and your medical bills are greater than the $25,000 your policy covers, you may be paying the remainder, plus your deductible, out of pocket. <\/p>\n\n\n\n At this point, you might think that the math is very simple. If having more than one type of coverage adds to the bill, then you can keep costs low by only getting the minimum insurance coverage, right? In most cases, that means only getting liability coverage. <\/p>\n\n\n\n In terms of the monthly bill, it\u2019s true: Having only liability coverage will lead to the lowest possible bill. But this could end up being very expensive if you or your young driver gets in a wreck! <\/p>\n\n\n\n Keep in mind that the state-required liability coverage only pays a minimal amount for medical and property damages. In most states, that means it will pay to fix damage to other vehicles but not your own. If you are at fault for an accident, having liability only will not repair or replace your vehicle. If the wreck is bad enough, you may end up with no vehicle at all. <\/p>\n\n\n\nWhy Young Adults Pay More for Auto Insurance<\/h3>\n\n\n\n
Importance of Affordable Auto Insurance<\/h3>\n\n\n\n
Financial Protection<\/h4>\n\n\n\n
Peace of Mind<\/h4>\n\n\n\n
Optional Coverage<\/h4>\n\n\n\n
Understanding Types of Coverage <\/h2>\n\n\n\n
Full Coverage May Be the Best Option <\/h3>\n\n\n\n