More teens are getting their driver’s licenses before they turn 18 than ever before, and many people have questions about obtaining car insurance for new drivers.
There’s no feeling quite like hitting the open road with your first driver’s license in hand. But before you get behind the wheel, there’s something you need to take care of first – purchasing car insurance.
One of the most challenging and important parts of getting your license is purchasing car insurance for new drivers. But with the right information, you can find insurance for new drivers without the stress.
Keep reading to learn everything you need to know about getting car insurance as a new driver or for your teenage driver.
Understanding Car Insurance for New Drivers
Many drivers don’t understand their policies and insurance policies are notoriously difficult to interpret on your own. This is why it’s so important to have a clear understanding of the coverages you want and need before you start looking for quotes.
When you compare quotes side by side, you want to make sure the policies you’re looking at offer the same coverages. Stepping back and determining what amount of coverage you need should be your first step.
The last thing you want to do is pay for more insurance than you need. But you also want to make sure you have enough coverage in case of an accident, especially if you don’t own your vehicle. If your car has a lienholder, they may have stipulations about how much coverage you must carry.
Each state has its own laws regarding car insurance coverage. In most states, you will be required to carry what is called minimum liability coverage that protects others if you cause an accident that results in bodily injury or property damage. Keep in mind that your state’s minimum requirements might not be enough to protect your assets and you might want to purchase additional coverage.
Some states require you to purchase personal injury protection (PIP) coverage as well. You will also need to decide whether or not to purchase collision and comprehensive coverage. These coverages will pay for repairs for your vehicle in the event of an accident or covered loss.
Finally, some states require you to carry uninsured and underinsured motorist coverage. If your state does not require this, you may still choose to add this coverage, especially if you don’t have collision or PIP coverage.
How to Get Insurance Quotes for New Drivers
If you’ve never purchased an insurance policy before or it’s been a while since you shopped around and you’re buying a policy for your teen, it can be confusing to understand how to go about getting quotes. Before you start comparing plans, you’ll need to gather some important information about yourself and anyone else who will be listed on the policy.
Information that you will need might include:
- Driver’s license
- Date of birth
- Education level
- Marital status
- Insurance history
- Driving history
This information will help insurance carriers evaluate the risk of insuring you and get you set up with a policy.
You’ll also need information about your vehicle including your car’s vehicle identification number (VIN), registration information, and purchase information, model, make, and year. The type of car you drive will affect the cost of insurance, as will your age, location, and driving history.
The easiest way to find auto insurance for new drivers is to shop online. Not only is shopping online the most convenient way to purchase a policy, but it’s also the best way to find the cheapest policy. Once you’ve gathered all the information listed above, you can apply for quotes online or through an online insurance agent.
Finding the Cheapest Rates
Everyone wants to save money on car insurance, but first-time drivers will often end up paying more for an insurance policy due to their inexperience. Some of the most influential factors on car insurance costs include age, location, driving history, demographic profile, and driving history – with driving history being the most important factor of all.
Insuring a new driver is a big risk to an insurance company because they don’t know what to expect and new drivers, especially teens, are more likely to get into accidents.
While your lack of experience may be out of your control, there are some things you can do to lower your rates. The first thing you should do is shop around and compare quotes from at least three different insurance companies. Make sure you aren’t paying for more insurance than you need but also be sure you have enough coverage.
You should also consider what outside factors you can control that might influence the cost of insuring you as a driver. The best example of an outside factor to affects your insurance rates is your credit score. Improving your credit score can potentially lower the cost of car insurance for new drivers.
You should always ask your agent or potential insurer about any discounts you may qualify for.
Are You Looking for First-Time Driver Insurance?
Whether you’re an adult getting a driver’s license for the first time or the parent of a teen who just got their license, finding a car insurance policy doesn’t have to be a nightmare.
When you have the right resources, buying car insurance for new drivers is easy. The best way to find a policy that fits your needs and your budget is to compare quotes directly.
You can find and compare quotes in your area today with OfficialCarInsurance.com.