Car Insurance and Young Drivers: Should You Increase Your Limits?


Visitors: 154

I was looking for car insurance for my teenage daughter and my initial thought was “How can I save money?" After all, I knew I would be getting high quotes. But when you're talking about insurance for an inexperienced, high-risk driver, is saving money all you should focus on?

A teenaged driver represents a greater insurance liability because of their inexperience, and because statistics have shown that they are involved in more fatal accidents than any other age group.

When you take out a car insurance policy, you have to at least get the state minimum-required limits of liability. For example if you get Arizona car insurance, you need a minimum of $15,000 per person and $30,000 per accident Bodily Injury and $10,000 per accident for Property Damage. If you want to raise those limits to have more protection, you'll pay a higher premium.

Now think about this scenario with a teenage driver. His or her friends are riding along, singing to the radio and being a distraction. The driver runs a red light and causes a collision that puts three people in the hospital and totals two vehicles. The costs of this collision for hospital bills alone could be well over $100,000, hardly covered by the $30,000 per accident minimum. After your insurance pays, you are responsible for the rest.

What's more, you may be open to a lawsuit from the other driver - a lawsuit that may drain every asset you have.

In the end, I decided to raise the limits on Bodily Injury, Property and both Uninsured and Underinsured Motorist coverages. It only amounted to a few dollars more a month but added plenty of extra peace-of-mind. I then decided to do some shopping to compare my current auto insurance company's quote with a couple of other insurers. As it turned out, my current company was still a better value with all things considered but at least I knew that I was getting the right insurance at the price I was comfortable with.

Scott Lunt is a freelance writer with over 15 years experience writing insurance-related articles. You can compare car insurance quotes for teen drivers and find more tips on saving on car, home, life, health and long-term care insurance at The site also includes a handy worksheet to help you when shopping for car insurance.


Article Source:

Rate this Article: 
Cheap Car Insurance For Young Drivers - 7 Ways To Do It
Rated 4 / 5
based on 5 votes

Related Articles:

Why Car Insurance Is So Expensive For Young Drivers And What They Can Do About ..

by: Martin A Cooper (July 15, 2011) 
(Insurance/Car Auto)

Cheap Car Insurance for Young Drivers

by: Deborah Mills (June 25, 2007) 
(Insurance/Car Auto)

Car Insurance Advice for Young Drivers in the UK

by: Tim Larden (May 04, 2005) 

Car Insurance - Courses For Young Drivers

by: David Collins (May 12, 2008) 
(Insurance/Car Auto)

Cheap Car Insurance for Young Drivers – What To Look For

by: Elizabeth Newberry (July 03, 2006) 

Car Insurance for Women and Young Drivers

by: Nick Cox (February 05, 2008) 
(Insurance/Car Auto)

Car Insurance For Students and Young Drivers

by: Justin Scott (July 15, 2008) 
(Insurance/Car Auto)

Car Insurance - Young Drivers Insurance Guide

by: David Collins (May 13, 2008) 
(Insurance/Car Auto)

Taking the mystic out of Car Insurance for Young Drivers

by: Trish Haill (February 07, 2012) 
(Insurance/Car Auto)

Cheap Car Insurance For Young Drivers - 7 Ways To Do It

by: Chimezirim Chinecherem Odimba (August 28, 2007) 
(Insurance/Car Auto)