Auto insurance is a necessity for any teenager who wants to get behind the wheel. But, not all teenagers know what they are getting into when it comes to auto insurance. Many teens believe that driving without car insurance is safer than carrying it because paying premiums can be expensive. There’s less risk involved in accidents with other cars if one has no coverage at all. The truth is, you never want to drive without car insurance because this leaves you vulnerable in many ways! This blog will discuss why you should buy the best auto insurance for teens and its benefits.
Why Should Teenagers Have Auto Insurance?
Auto insurance for teenagers helps to protect them from many risks involved in driving. Teenagers are more likely than adults to speed, drive while fatigued or impaired, and not wearing a seatbelt. Besides this, one of the significant reasons you must have auto insurance for teens is the teenage cell phone use statistics. Fifty-two percent of teenagers talk on a cell phone, and 32% of adolescents text while driving, resulting in more chances of crashing than adults.
Advantages Of Auto Insurance For Teens
1. Comprehensive Coverage
Auto insurance is essential for teens when they start driving. They are more prone to accidents due to inexperience and lack of skill and an increased likelihood of being involved in a collision because their risk-taking tendencies may lead them into situations that cause accidents. For these reasons, teenagers must have coverage on the car they use, as well. Comprehensive coverage is the most important type of auto insurance for a teen driver because it protects against accidents they may experience due to things out of their control – like weather and vandalism. Comprehensive policies cover everything from snowfalls and hail damage up to being stolen or vandalized by someone else.
2. Liability Insurance
Liability insurance is a form of coverage that protects you and your family members from injury or damages caused by other people’s actions. For example, suppose somebody rear-ends your car in an intersection because they were not paying attention to their surroundings. In that case, liability coverage will help pay for any repairs made to your vehicle. Liability also covers medical costs related to the incident and any other damages incurred as a result.
3. Collision Coverage
If you’re a young driver, collision coverage can be used to repair or replace your car. This is important because as a new driver in the United States, statistics show that you are much more likely to file an insurance claim for damage due to collisions than any other type of incident. Collision coverage also protects against “comprehensive” hazards like fire and vandalism–something else that your parents’ policy may not cover.
4. Personal Injury Protection
PIP coverage pays medical bills for your passenger if you are at fault in an accident. This can be worth up to $15,000 per person and up to a total of $30,000. You’ll also have coverage for any passengers that were not initially named on the policy, like family members or friends who come with you when you’re driving their car.
This is one-way auto insurance that covers more than just damage done by accidents; it also helps pay for injuries sustained by people other than the driver (like passengers). PIP coverage will typically reimburse costs such as doctor visits, emergency room treatment, therapy sessions, and even funeral expenses.”
5. Underinsured Motorist Coverage
Underinsured Motorist Coverage protects against what is called “gap insurance.” Gap Insurance (or coverage) protects you from the difference between your medical expenses and how much the other person’s auto insurer pays. For example, if you have a $500 deductible on your auto policy but are injured in an accident where it takes $5000 of rehabilitation to get back to 100% mobility, that additional 5000 would be out-of-pocket for you without gap insurance. Luckily with Underinsured Motorist Coverage, those gaps will be covered up to the limit specified in your policy as well!
Summing Up on Teen Auto Insurance
Everyone knows the pros and cons of auto insurance for teenagers. The low rates, high deductibles, limited coverage can make it a tough decision to purchase this type of insurance for one’s child under 18 years old. But with so many advantages that come with teen car insurance policies – such as special discounts and regulations just for them – there are usually more benefits than drawbacks when deciding whether or not to invest in protection against major accidents.
There is no question; teens need good enough protection from their negligence should they cause an accident while driving without any help from others on the road. Here are five common reasons why purchasing an inexpensive car insurance policy for your teenager might be worth considering.