Hello Parents of Teen Drivers!
It's been a crazy few months and I know I haven't written in a while. I recently married the woman I love, been traveling too much attending insurance conferences and preparing for the next StreetSafe event (coming in February BTW). No excuse for not keeping up with my postings though.
Well...I have quite a bit of new information to pass on to the parents of teen drivers. To start with, I've been working on some new videos that should help you with keeping your teen driver safe and learn more about how you should be protected.
Please feel free to watch my first video on What you Should Know About Your Insuring Your Teen Driver. This video gives great advice on how you should be protected and is already getting a huge response. I hear it is already #4 on the Google! Please feel free to add your comments.
I truly hope it gives you some valuable information on what you need to do to make sure you're protected and helps you keep your teen driver safe!
Here's the link: http://www.viddler.com/explore/TomWiecek/videos/6/
I hope you and your family have a Happy Thanksgiving!
Tom
Showing posts with label saving money on car insurance. Show all posts
Showing posts with label saving money on car insurance. Show all posts
Tuesday, November 25, 2008
Friday, August 1, 2008
Why Insurance Rates for Teens Are So High?
As an insurance agent, this is probably one of the most frustrating responses I get from parents who are adding their teen to their car insurance. I understand this frustration and after I explain the reasons, they usually respond with “But, my teen is a good driver…”
That may be true and you’ve probably spent countless hours helping your teen become a safer driver. If you have, then you should be glad that the chances of your teen getting into an accident will be less likely than most teens on the road. But let me emphasize… Less Likely Than Other Teens… not experienced drivers.
It takes thousands of hours behind the wheel to get the experience to avoid accidents and become the safest of drivers. And this can take years. Here’s a statistic to prove this point.
The crash rate for 16 year olds is nearly 3 times higher than 19 years and nearly 6 times higher than drivers 20 to 24 years old.
Unfortunately, you are going to have to pay high rates for your teen to drive. But, you can take steps to avoid paying the highest rates and keep them down.
Step One- Use an insurance agent that specializes in insuring teen drivers. Family Insurance Specialists represent companies that offer good rates but most importantly offer quality insurance protection that can help you avoid paying out of your own pocket for an accident if your teen causes an accident.
Step Two- Make sure you are getting every discount you deserve. Available discounts may include safe driver, claims-free, good grades, multiple policies with the same company, and in some states you can qualify for a lower rate by keeping a good credit rating.
Step Three- Buy a safe, older, lower profile vehicle for your teen to drive. Make sure it has airbags and anti-lock brakes and is not considered a dangerous vehicle. Your Family Insurance Specialist can help you decide which vehicles are least expensive to insure.
Step Four- Increase your deductibles or drop the collision on older vehicles. If your teen is driving an older, less expensive car, you can “self insure” the car. That means of course, if something happens, you’ll have to pay for the damages to your car, but it can save you a lot of money- nearly 1/3 to 1/2!
Step Five- Get a Teen Driver Monitoring Device installed in your teen’s car. Some insurance companies offer special discounts for these systems. The greatest advantage of these systems is that this will most likely prevent your teen from speeding. Speeding tickets can greatly increase your insurance rates and jeopardize your insurance coverage. Insurance companies know that if a teen driver gets a speeding ticket, the likelihood of an accident in the near future is great. You could get cancelled and it may be more difficult to get another insurance company to pick you up.
To learn more about how you can get the right protection for your teen driver, find out other ways you can save on your car insurance, and keep your teen driver safe visit my website at www.teendriverinsurance.com/paramount or call my office at 869-3335.
That may be true and you’ve probably spent countless hours helping your teen become a safer driver. If you have, then you should be glad that the chances of your teen getting into an accident will be less likely than most teens on the road. But let me emphasize… Less Likely Than Other Teens… not experienced drivers.
It takes thousands of hours behind the wheel to get the experience to avoid accidents and become the safest of drivers. And this can take years. Here’s a statistic to prove this point.
The crash rate for 16 year olds is nearly 3 times higher than 19 years and nearly 6 times higher than drivers 20 to 24 years old.
Unfortunately, you are going to have to pay high rates for your teen to drive. But, you can take steps to avoid paying the highest rates and keep them down.
Step One- Use an insurance agent that specializes in insuring teen drivers. Family Insurance Specialists represent companies that offer good rates but most importantly offer quality insurance protection that can help you avoid paying out of your own pocket for an accident if your teen causes an accident.
Step Two- Make sure you are getting every discount you deserve. Available discounts may include safe driver, claims-free, good grades, multiple policies with the same company, and in some states you can qualify for a lower rate by keeping a good credit rating.
Step Three- Buy a safe, older, lower profile vehicle for your teen to drive. Make sure it has airbags and anti-lock brakes and is not considered a dangerous vehicle. Your Family Insurance Specialist can help you decide which vehicles are least expensive to insure.
Step Four- Increase your deductibles or drop the collision on older vehicles. If your teen is driving an older, less expensive car, you can “self insure” the car. That means of course, if something happens, you’ll have to pay for the damages to your car, but it can save you a lot of money- nearly 1/3 to 1/2!
Step Five- Get a Teen Driver Monitoring Device installed in your teen’s car. Some insurance companies offer special discounts for these systems. The greatest advantage of these systems is that this will most likely prevent your teen from speeding. Speeding tickets can greatly increase your insurance rates and jeopardize your insurance coverage. Insurance companies know that if a teen driver gets a speeding ticket, the likelihood of an accident in the near future is great. You could get cancelled and it may be more difficult to get another insurance company to pick you up.
To learn more about how you can get the right protection for your teen driver, find out other ways you can save on your car insurance, and keep your teen driver safe visit my website at www.teendriverinsurance.com/paramount or call my office at 869-3335.
Thursday, June 5, 2008
Study Explains the Staggering Cost of Insuring Teen Drivers
Ask any parent who has just added a kid to the family's insurance policy and they'll tell you how expensive it is to have a teen behind the wheel. But the overall cost of teen driving is as tragic as it is staggering.
According to a recent report from AAA, car accidents involving drivers 15 to 17 cost society more than $34 billion in medical expenses, property damage and related costs in 2006. AAA also reports, in 2006 drivers ages 15 to 17 were involved in approximately 974,000 crashes that injured 406,427 people and killed 2,541. Here are more sobering statistics:
According to a recent report from AAA, car accidents involving drivers 15 to 17 cost society more than $34 billion in medical expenses, property damage and related costs in 2006. AAA also reports, in 2006 drivers ages 15 to 17 were involved in approximately 974,000 crashes that injured 406,427 people and killed 2,541. Here are more sobering statistics:
- According to The Centers for Disease Control and Prevention (CDC), motor vehicle crashes are the leading cause of death among U.S. teens, accounting for 36 percent of all deaths in this age group.
- The risk of motor vehicle crashes is higher among 16- to 19-year-olds than among any other age group, and per-miles-driven teens ages 16 to 19 are four times more likely than older drivers to crash, says the Insurance Institute for Highway Safety (IIHS).
- Risk is highest at age 16, and the crash rate per miles driven is twice as high for 16 year olds as it is for 18 and 19 year olds, according to the IIHS.
- IIHS statistics show that 16- and 17-year-old driver death rates increase with each additional passenger.
Parents can reduce the high cost of insuring their teen drivers. There are special discounts that can really make a big difference in how much you will have to pay for your teen to drive. Some of these discounts include:
- Good Student- If you teen driver has a "B" average or better, you can save up to 10%.
- Multi-policy- If you insure your home and cars with the same company, you can save up to 15% on both policies
- GPS Teen Driver Monitoring System- There is one company that offers a 15% discount for installing this unit in the teen driver's car
- Safe Driver- If your family has a clean driving and claims record, you can save up to 15%
- Good credit- Some companies reward responsible customers based on their credit. This can be very significant and can save you as much as 35%.
The bottom line is that the most responsible families will pay the lowest premium. Stress to your teen that avoiding tickets and accidents is most critical to not only keeping your insurance rates down, but of course, assure the safety of your teen driver and others.
You can learn more about ways to save on your insurance and how you can keep your teen safe by visiting my website at www.teendriverinsurance.com/paramount.
Wishing you and your family the best in health, happiness and prosperity.
Tom
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