Cheap Auto Insurance

Reader’s Question:

Hi! I have a daughter who is turning 18 next year, I am thinking of buying her a 2nd hand vehicle for her daily use in Illinois. What are the things I should know regarding cheap auto insurance for teens since she’ll be a first time driver.

Ben

Chicago IL

There are lots of scenarios from different family just like yours. Research shows that when applying for auto insurance for drivers whose age ranges from 17 to 24 can cost more compared to drivers who are older. This is caused by the inferior driving record of their peers or age group. As a matter of fact, although records shows that only 10% of license holders are in that age group, 25% of them are part or involved in road accidents. In some countries, auto insurance companies stopped offering quotes to drivers who are 18 years of age. If you plan to buy her a 2nd hand vehicle and planning to get it insured, you should shop around first for cheap auto insurance in Illinois. Don’t assume that the premiums will slowly fall even when she gets her license. Therefore, seek out lots of car insurance companies and compare cheap auto insurance quotes through an online comparison website. Buying her an old and cheaper car can also bring down the cost of auto insurance. Look for conventional vehicles with a small engine. If possible, install safety and security features such as airbags or alarms. When it comes to coverage, acquire only the third party coverage for the meantime. There is no or little point paying for all risk coverage if the value of the car is only minimal.

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