As an example of how the type of car you drive affects insurance rates let’s look at the Hyundai Tiburon.
The Tiburon is a sporty car that has good performance and is not very expensive. It was popular with young drivers since 1997 when Hyundai began production.
But there was a hidden flaw.
The Tiburon topped the charts for the worst rate of theft for 4 years in a row through 2003 (IBC data). And Hyundai did not even build any in 2002.
As a parent you want your teenager to be safe and sensible when driving. As a teenager you revel in the new freedom and independence that driving yourself provides. A parent tries to instill responsibility and rules. A teen wants no rules but has not learned consequences. When driving, the consequences of accidents can be devastating and expensive. Having car insurance is sensible and necessary but finding adequate coverage and cheap car insurance for your young driver can be challenging.
Naturally, any age driver who is new on the road has less experience and judgment to guide them. Many accidents occur in the first few years of learning to drive. When you add youthful exuberance then the risks and chances are even higher. It is much harder to find a combination of good insurance coverage and low rates when you are getting car insurance quotes for new drivers.
It is possible and convenient to add your teenage driver to your existing car coverage policy. However you may be smarter by getting a separate policy in the name of the teen. If you establish that the insurance cost and payment is reliant on good driving they will not only learn that freedom comes with responsibility and consequences but also they will establish a good driving record that can be a benefit in the long run. This will allow you to provide independence and also encourage good behavior.
As a parent you want your teenager to be safe and sensible when driving. As a teenager you revel in the new freedom and independence that driving yourself provides. A parent tries to instill responsibility and rules. A teen wants no rules but has not learned consequences. When driving, the consequences of accidents can be [...]
The Tiburon is a sporty car that has good performance and is not very expensive. It was popular with young drivers since 1997 when Hyundai began production.