These days, owning a car is a necessity and not a luxury. However, purchasing a new one is not something that we do often or impulsively. Maintaining a vehicle and the costs that go along with owning one, such as insurance, gas, and repairs is are high. Keeping a vehicle is not an easy thing to do.
One of the expenses in owning a vehicle is car insurance. Car insurance is required by the law in nearly every state in the US. If you are a young driver, it is often difficult to obtain car insurance in your own name. This is because most insurance companies feel that young drivers are involved in more accidents than older more mature drivers. The insurance companies further feel that young drivers have a tendency to drive beyond the posted speed limits. Even though it is difficult to find, there are insurance companies that are willing to quote rates for young drivers.
If your child is a teenager and is keen on taking the vehicle on road, you must consider buying an auto insurance policy in his name. To this extent, you may conduct a study on various vehicle insurance rates and also a research on commercial motor insurance companies and their policies in order to decide on an affordable policy for your child.
Prior to the insurance company issuing a policy to your son or daughter, they will need to review some information for accuracy and for rating purposes. The insurance company will establish the year, make, model and serial number of the vehicle. They will determine what safety features that particular vehicle has installed. They will also check into the academic background of your child. Good students are often given a discount, because insurance companies feel that excellent students make better drivers.
In addition to the information above, the insurance company will also want to know if the young driver has a clean driving record, even though they have not been driving for very long. If there have been accidents or citations issued, they will want to know. If the driving record is clean, with no citations or accidents, the the insurance premium rate will be lower.
Even though there are many insurance companies who are reluctant to issue policies, there are some good insurance companies that are willing to do so. They are willing to do so for those young drivers who are willing to jump through all the right hoops and meet strict requirements laid out by the insurance company.
Let us assume that your youngster was involved in a road accident for no fault of his and the mistake was entirely on the part of the other driver. You may claim the payments for the repair works etc., from the insurance company, which will be settled in line with the agreement in the policy.
Secondly, if you still feel that you have not been adequately compensated for the damages suffered by your car and some small injuries suffered by your son and also the mental agony suffered by you, you may still file a civil suit against the other driver and claim a compensation which you consider legitimate in the circumstances. Legal proceedings take time and you need to have lot of patience, until justice is done.
Before you get an auto insurance quote online, make sure you check out Jerry Dodd’s excellent site on auto insurance and female car insurance quote.