Monday, October 12, 2009

Importance Of Insurance Shopping By Teens

By Graham McKenzie

Its common to hear many parents tell their children to grow up and take responsibility for their actions. Sometimes, especially when your child wants to get a driver?s license you may wish he or she was still the small kid you used to tuck in bed every night. This is the time most parents think about the turmoil and turbulence most teenagers have to put up with.

The initial joy and pride when your child obtains the driver?s license will soon be over when the reality of insurance costs sets in. the family income may be stretched to the limit by these new insurance costs. The only consolation perhaps is the emergence of insurance companies, which claim to be teen friendly.

This question is as far, as the parent, as we should go in investigating insurance prices and policies for our teenagers. Our teen, son or daughter, has taken the responsibility of getting his or her driver's license. We have to believe that to some extent they are maturing and ready for new responsibilities. It is time for them to do some of the work involved. Investigating costs and prices of insurance policies might actually be an eye opener for them. It may even help them take driving more seriously if they know all of the details involved. Putting them on the right track is our job. We should point them toward the internet and suggest they do the insurance shopping themselves.

The best idea is to give them an outline of what they should be looking for in an insurance company's quote. Keep in mind, however, that if they are not footing the insurance bill they may not be as thorough with their research. Set a minimum number of comparisons that they should have to complete in order for the exercise to be finished. Look for ways that the cost will affect them, either directly or indirectly.

When your child is allowed to search for the right insurance, they will understand the importance of finding the affordable rates. This will help them to go by the guidelines and rules the Insurance Companies are offering especially when the insurance payments are made by themselves.

Through this exercise, the teenagers become aware that getting an affordable quote is not that easy especially in that age bracket. This in turn means they are more likely to follow the guidelines set by the insurance company. The teenagers also feel they are being treated as adults when they are allowed to do the insurance shopping themselves. This can influence them to behave in a more responsible manner while driving.

There is an additional bonus by giving the responsibility. The child will clearly understand the problem in buying a new car besides the money factor. This insurance research would teach them to compare the different rates in accordance with the cost of vehicle.

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