Parents Should Encourage Their Kids To Get Short Term Car Insurance Coverage
It is important for all parents to help their teen drivers get car insurance. It is the middle of September which means that most college students have already returned to their college campuses.
Many teens have their own cars but cannot drive them because they cannot park them on student grounds at school. This means that for nine months out of the year the car will remain parked. A great way to deal with this issue is for students to consider buying short term insurance coverage. Temporary insurance can be put on a vehicle for a time period of 24 hours to six months.
What is great about this type of coverage is that it protects you financially in the event of a car accident. It is the same type of coverage that other drivers have but each applicant is just charged a flat fee for their coverage. This makes the process much easier because there are no premium payments to have to worry about. Many young drivers have low incomes so it can be very helpful to have the insurance coverage that they need at an affordable cost.
Parents will typically favor this type of coverage because it allows their kids to get a taste of the expense to insure a car. The coverage is still the same so anyone who is not listed as an excluded can drive the car and have coverage.
It is important for parents to help their children learn about budgeting and personal finances because being in college can be kind of a bubble for young drivers. They have to just go to class, study, and do their homework. Some students do get a part time job to cover their additional expenses but for the most part they do not understand the real world and the importance of being properly insured.
Parents should do their homework and try to find affordable short term coverage for their kids online. There should be a budget and timeline agreed upon beforehand because it helps to make the process of finding a cheap insurance policy much easier.
It is crucial for people to be insured at all times. In today’s world, young drivers need to get a taste of the real world and this will help them even if they just require coverage for a day or two.
This is a very cost effective approach to getting car insurance. Many teens go uninsured because they feel as though it is a huge waste of time and money to buy a six month car insurance policy and then have to shell out thousands of dollars in premiums when their car will stay parked anyway. This coverage allows them to be thrifty and have coverage when they need it.
