In the area of auto insurance, teenagers are majorly the most riskiest insurance policy holders.
They are seen as high risk because of their age, they are relatively too young (16 to 20).
Individuals under this category are inexperienced and can cause motor accidents which not only can affect their own lives but as well as other pedestrians.
Most times, their premiums gets high as a result of past records of accidents which were caused by other teens.
They are being considered as high risk factor as their age is inadequately ready for the challenge on the streets.
They are being treated as the older drivers.
Their short driving knowledge is considered as a factor of limitation to effective driving.
These factors (immaturity, inexperience) serves as hindrance for them to driving.
Even if teenagers take up a car insurance, no matter the cover, they are likely to pay higher premiums as compared to adults.
No one has never and can never cheat the age of policy holder when trying to apply for any insurance policy.
But realistically, their are ways in which teens can decrease their insurance policies.
The truth is, their are three main tips towards getting a cheap insurance rate for teenagers, which are; get students discounts, have and keep good driving record, thirdly, choose the right car to be insured for the teen.
Many of these insurance companies offers discounts to students who have good grades.
Their class record is been used to approximate their maturity.
These companies are good at this and no one can cheat on them.
Secondly, the premium rates given to teenagers are based on the advantages and disadvantages.
Having good driving record for longer period of time will gradually depreciate their premiums.
But note that the depreciation is based on the fact that the risk rate is reduced drastically.
This is the nature of premium rate by any insurance company;paying lesser risk when insuring a policy holder, the premium will decrease in due proportion.
Also, the type of car used by the teenage policy holder can affect the premium rate.
It is always advisable to allow teenagers drive fairly used or cheap cars, as this will in-turn decrease the policy rate.
Old fashioned cars are regarded as strongly built engineers model which are not easily wrecked.
And the company on the other hand, looking at the car model and the policy holder itself, will therefore total a lesser premium rate.
But in order to enjoy full affordable auto rates, it is advisable for individuals to compare quotes online.
This helps you acquire a more suitable affordable auto insurance company.