Low-Cost Car Insurance for Teens
Cheap insurance for teen drivers with used car
Teenagers driving around with their cars are a common sight. For years, these young drivers have maintained their independence and freedom as they drive to and from school, work and elsewhere.
In Colorado, although it is not easy being a teen driver since he or she has to go through tests, but once he or she has the driver s license then the next logical step would be to buy a car and have it registered at the Colorado DMV vehicle registration office. Either the automobile is bought solely by the parents or with the teenager s counterpart. After the registration, another necessity when you are a driver is to apply for an insurance coverage.
Teens are generalized as a group that are viewed as risky drivers, ranking next to drivers with DUI records. In this case, a lot of Colorado DMV car insurance companies are not exactly keen on doing business with drivers belonging to the high risk group. But there are still ways to go around this since there are insurers who will take the risk and will accept teenage drivers.
The only problem is one has to look far and wide to find these kinds of car insurance firms. But for sure there are car insurance firms who takes in teen drivers, in good accommodation. What the young driver should do is to research for vehicle insurance companies that are will not mind insuring even those who are in the high risk group.
One thing that one should look into is the condition of the car – brand new or used car. If it is brand new, then you have to assume that it is more expensive. And an expensive car is sure to have a costly car insurance policy. But if you have purchased a car at the auctions, it will be cheaper and the car insurance goes along with it.
So if you have bought your teenager a car from used car auctions, you’ll pay less on insurance and sure you won’t have financial constraints. There is really nothing wrong with purchasing a used car; it all depends on how your teenager takes care of it. Also, to make them get used to responsibilities, it is best to let them find a part-time job so that they can contribute for the periodic payments of the car insurance.
If you are from Colorado, then you can make your inquiries at CO DMV insurance.