Teen Auto Insurance WILL Be Expensive

when a typical married couple adds a teenaged driver to their auto insurance policy, the total premium surges by an average of 79%. In other words, a couple who pays $1,000 for six months’ coverage would see that figure skyrocket to $1,790 after enrolling their teen for auto coverage.
It’s worse for boys than for girls, simply because statistics show that teen boys are involved in more collisions than their female peers. While the average 16-year old girl’s inclusion on her parents’ policy raises the combined rate by 67%, a boy of the same age added to the family policy typically results in a more drastic 92% increase.
These numbers underscore the importance of comparison shopping for auto insurance coverage for teenaged drivers. After all, it’s a major purchase much like a house, car, or large appliance; and in those cases, you wouldn’t simply buy the first product that you see, right?

Teach Your Teens “Safety First”

While there are certain ways to receive discounts on insurance policies (more on that later), the most effective way to minimize household spending on your teenager’s auto coverage is for him or her to maintain a clean (preferably spotless) driving record. And the best way to accomplish that is to train your teen to be a safe driver.
This process actually starts before your teen becomes eligible to drive a car. There’s a good chance that over the years, you may have developed a few bad driving habits yourself. Therefore, since your children will mimic your behaviors (much like they always have growing up), make sure that you are being a good role model when it comes to driving safely, properly, and cautiously.
Whenever possible, enroll your teenager in a certified driving instruction course so he or she can learn the appropriate way to drive from someone who has experience in teaching new drivers. And when your teen is practicing what he or she has learned while you’re in the vehicle, make a concerted effort to remain calm and offer constructive advice instead of being stressed and dictating orders or pointing out mistakes.

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Teen Drivers and Auto Insurance Rates: Get the Facts

The 21st century teenager. Over the millennia, it has evolved into a creature of many curious habits.
Notice the speed in which its thumbs move across the keypad of its smartphone. Or how it will stand silently when asked by its parent about the events of its school day. It can even flawlessly execute a stunning roll of the eyes in order to communicate equal parts boredom and disgust.

Yep! That’s the eye roll. Right there.

But one skill the modern teen struggles to master is the practice of operating a motor vehicle. Because of this, auto insurance providers must try to mitigate their risk of paying out accident claims for teen boys and girls who are still trying to learn how to drive. These companies do this by charging significantly higher insurance premiums for teens than they would for typical adult drivers.


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What You Can Do About Auto Insurance Increases

What You Can Do About Auto Insurance Increases
If you do get hit with an increase in auto insurance rates, you may be able to prevent or offset the increase by doing a little research and making a few simple changes to your policy. It’s possible that you have been paying more than you need to, or that you haven’t been taking advantage of all the discounts you have available to you.
auto insurance rates - car insurance policyThe first step to finding out if you could save money is to look over your existing policy. You likely received a copy of the policy at the beginning of the current coverage period, and this information is often also available online for those who have created an account. After reviewing the specific coverage amounts you have in place, you may find that you are carrying more coverage than you ultimately need.
A review of your policy may also show that you have coverage that no longer applies to your situation. For instance, your adult child who has recently moved out should be removed from your insurance and get coverage separately. Another example is a change in your commute. If you commuted 30 miles a day across state lines when you first bought your current policy, but have since changed jobs, you may qualify for a lower rate.
It’s not a good idea to go to state minimum coverage just to save money, since you may not be covered if another party in an accident is uninsured or underinsured and other coverages may not be sufficient. A happy medium between minimum and maximum coverage is likely to meet your needs.
The second step to saving money is to make sure you are getting all the discounts you qualify for. You should be bundling your homeowners or other insurance with auto for a discount on both, and each insurance company has its own unique discounts. Some offer defensive driving course discounts, while others have trackers that give a discount for safe driving as measured by the tracker. Ask your agent; sometimes discounts are not offered until you ask.
Finally, you can shop around for the lowest rate. Different companies vary widely in their rates, and you could save a significant amount of money by switching if a lower rate is offered. Rates and available discounts change often, so shopping around every few years can keep you at the lowest possible rate consistently.
AIS Insurance offers quotes from a variety of sources to find you the best possible auto insurance for your coverage needs. Get an auto insurance quote online or speak to an associate for personalized help.

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How Lower Gas Prices Impact Auto Insurance Rates

In addition to the U.S. nearly doubling its oil production in recent years, countries like Russia and Saudi Arabia have continued to produce at the same levels, while Iran, whose production had been stifled by sanctions, is expected to add even more oil to an already flooded market as sanctions are lifted.
The oil industry is in a period of deep downturn, with about two-thirds of existing oil rigs being decommissioned and new exploration grinding to a halt. Larger oil companies are losing money and many smaller ones have gone bankrupt, with an estimated 250,000 oil workers losing their jobs in 2015 and 2016 so far. The stock market in the U.S. and other countries has also declined at least partly due to the impact of dropping oil prices.
What Lower Gas Prices Mean to Consumers
While the oil companies and their investors may bemoan the drop in oil and gas prices, consumers have benefitted from having more disposable income to spend on food, clothes, and electronics, among other things. Consumers have also taken the opportunity to drive more, since their gasoline dollar can take them much further than it did a few years ago.
Although the total number of miles driven by Americans in 2015 is probably impossible to calculate, definitive measures such as the number of cars driven through toll booths have indicated an increase in driving amounts as gas prices have dropped. In June and July of 2015, for instance, more cars passed through Maine tolls than have ever been measured before.
Another indicator of an increase in miles driven is the increase in auto accidents that top insurers have reported for 2015. In the first 9 months of 2015, Allstate reported a net underwriting loss of $13 million for their auto insurance part of the company. In 2014, they had net underwriting income of $539 million. GEICO also saw a huge drop in their underwriting income in the same time period.
Allstate CEO Tom Wilson has stated that increased accident frequency is the reason for their huge drop in revenue. More accidents means more claims paid out, which means less income for the company. Allstate, which includes Esurance and Encompass, has filed for increases in rates going forward to try to recover from this massive increase in claims. Because of the process of filing for increases, consumers are more likely to see increases in their premiums this year as their auto policies renew.

It may seem unfair to raise everyone’s auto insurance rates because of the increase in accidents. Obviously, not everyone had an accident last year. It is currently unclear whether the increases will be across the board or will be targeted increases based on driving records and the amount of miles driven. Auto insurers use complex algorithms to determine how to set rates. Due to the changes in how people are driving as gas prices come down, the algorithms will likely be adjusted, which could affect everyone.

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Car insurance: no-fault claims are the Elephant in the room

If someone drives into the back of your car while you are stationary, you wouldn't expect to be penalised by your insurer would you? At least, I didn't – but that's exactly what happened to me.
The incident happened last summer when a van driver turned into the entrance to the car park I was parked just outside of (in a marked bay), damaging the rear bumper and paintwork of my VW Golf. The van driver admitted fault and we swapped insurance details.
I contacted my insurer, Elephant.co.uk, which is part of the Admiral group, and it swiftly sorted out repairs to my car and, some time later, claimed successfully from the van driver's insurer. I asked before I made the claim whether it would affect my premium – although I assumed it wouldn't as I wasn't at fault – and was assured it wouldn't.
Yesterday I was given a renewal quote and it has risen from approximately £450 a year to just over £750. Car insurance premiums have been rising steadily, but I hadn't expected an increase of quite that much. In fact, I had assumed that my six years no-claims bonus would ensure I was paying roughly the same, which had been the case for the past five years.
So I asked Elephant: why the hefty rise? The lady I spoke to in the renewals department told me it was because of the incident last summer. Although it had been resolved and registered as a no-fault claim, the Admiral group charge higher premiums whether drivers are at fault or not. Apparently, now I have made a claim Admiral considers that statistically I am more likely to make another claim in the future.
And the increased insurance premium is not confined to the damaged vehicle: one of my colleagues, whose car was damaged by vandals last autumn while parked in London (the wing mirror on the pavement side was smashed off), found that although her car insurance premium was unaffected, when she came to insure a horsebox that will never be parked in London the insurer insisted on taking this previous – and in 30 years of driving, only – claim into account.

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I suggested to Admiral that maybe I shouldn't have claimed at all and paid for the damage myself, but was I informed that I am legally obliged to report any incident to my insurer, whether I pursue the claim or not. So damned if I do or damned if I don't.
Apparently, the member of staff in the insurance claims department who told me my premium would be unaffected must have meant my existing premium, not my renewal premium. Admiral has since told me not all of the rise was due to the claim: some of it is a reflection of the fact I haggled my insurance premium down by £100 last year. I tried the same this time and was told they could only reduce it by about £30.
I have since learned that this practice of increasing premiums for not-at-fault drivers is not confined to Admiral – a number of insurers do it. But a number don't, and I have already been given a renewal quote from Direct Line for slightly less than £350. GoCompare offered me quotes on the basis of no-claims and then on a no-fault claim. It found that Sheila's Wheels, for example, will cover me for £315.91, which includes an uplift for my no-fault claim of £26.61 – considerably less than Elephant wants to charge me. Nine out of 10 of the insurers it quoted would apply an uplift to my premium of between £6 and £27; one would not.
I have always shopped around on price, but if this has taught me one thing it is to look for providers that don't penalise customers for having their cars damaged through no fault of their own.
What do you think? Have you ever been the victim of a no-fault claim price rise, and if so do you think the practice is fair? Have you ever had your premium raised for another reason you consider unfair?

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Best 5 Auto Insurance Companies in USA

There are almost lots of auto insurance companies in USA, but among them there are best 5 auto insurance companies  in USA; GEICO, Progressive, Nationwide, Allstate and Infinity. These five companies cover approximate 70% market share of USA and still remain the top auto insurance companies for all kinds of USA drivers for their distinguishing characteristics. Those 5 auto insurance companies provide every coverage needed by the drivers and each of them offer cheap car insurance and they prepare insurance package for specific clients.

After reading this post you will get the idea about the top auto insurance companies and then you will need to know how to buy cheap car insurance. 

GEICO Auto Insurance – The Best Auto Insurance Company in USA
Among the five auto insurance companies, GEICO auto insurance company is famous for its lifetime alliance with the US army and old hand group of people. GEICO offer huge facilities such as scholarships, assistance programs and donations to the retired from military and who are still in military. It also has special facilities such as cheap car insurance, low cost auto insurance and affordable car insurance for veterans and their families. The great feature of GEICO is it offers low cost car insurance that car drivers can save half of insurance premiums. They assist car drivers every 24/7 when and wherever the drivers have problems.

Progressive Auto Insurance – The Second Best Auto Insurance Companies
Progressive auto insurance is well-known for discount auto insurance because it offers a wide range of discount policies for home owners, multiple car insurance, students, mileage and online shoppers. Progressive auto insurance changes car insurance policy so that car drivers can get discount on their insurance policy easily. Another feature of Progressive auto insurance is that it can also save drivers money like drivers will save $50 immediately when they sign their first insurance documents online and has a provision for who have long term insurance. Discounts can be varied by state to state.

Nationwide Car Insurance
Nationwide offers a variety of insurance policies and claims 95% customer satisfaction. The distinguishing feature of Nationwide is that they have an auto repair network and if any driver wants to get normal life fast, they can repair their car from Nationwide repair network and can claim immediately after accidents. Nationwide also offers discounts for who purchase multiple policies, students and firms and has an excellent program of rewards to the safe drivers.

Allstate Auto Insurance
Allstate designs their insurance policies especially for teenagers and takes promise from the teen while providing low cost insurance policies. They motivate young and teen drivers by offering cheap car insurance and discount policy. They also reward teen drivers if drivers drive safe.

Infinity Auto Insurance
In Infinity car drivers can choose their own insurance agent which may reduce the stress that the same agent always collects information, communicates with you, and the best advantage is you will get your insurance agent as soon as possible when you need. Infinity also offers discounts to good drivers, students, and to any customers who pay in full.

These best five auto insurance companies are available in the US insurance market and try to serve their customers as best they can. You can get cheap and low cost car insurance from them and can compare cheap auto insurance online. They all offer car insurance quotes within few minutes.

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Auto Insurance Rates

Other Strategies For Decreasing Teen Auto Insurance Rates

Finally, there are some steps you and your teens can take to lower the amount you’re paying for auto insurance coverage. One of the most practical is to do something you’re probably already doing: encouraging your teen to excel in the classroom.
That’s because statistics show that students with good grades tend to be lower risks for insurance companies. Most insurance carriers will slice a nice chunk off your premium if your son or daughter maintains a B average or better in high school or college.
If you’re thinking about purchasing a vehicle for your teen, be cognizant of the fact that the type of vehicle you buy will factor strongly into your auto insurance premiums. As a rule, insurers tend to charge lower rates for cars, trucks, and SUVs that are older, safer, and less targeted by thieves. So when researching your vehicle purchase, be sure to check safety ratings, theft frequency reports, and insurance premium estimators in order to minimize your future auto insurance payments.
If you are confident in your teen’s driving abilities, then you may want to consider usage-based insurance. While not available in all states, this typically involves installing a device inside your teen’s vehicle which records metrics like mileage, speed, braking, and acceleration. The insurance company then downloads this data and uses it to help determine how safe your teen is being behind the wheel – and your rates may be lowered accordingly.
Last but not least, there are some common tactics for reducing your auto insurance costs. Paying six months of premiums in advance, bundling your policy with your life and/or homeowners’ insurance, and raising deductibles are all methods that often result in a discount from the auto insurer. Jettisoning optional auto coverages, agreeing to online “paperless” statements, and investing in anti-theft devices can also shave a few dollars off of your premiums.

When a mother and teen daughter are smiling together, it’s a rare lovely scene.

It also helps to have a partner who has the experience and resources to find you the most affordable auto insurance coverage for your teenaged driver. That’s what AIS Insurance has been doing for its customers for over four decades. So if you could use a little “parental assistance” when it comes to your teen’s auto insurance policy, contact AIS today!

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