Teen Car Insurance Louisiana LA
Reader’s Question:
My teenage son recently got his driver’s license here in Louisiana. How much would his car insurance cost me?
Jonathan
Metairie, LA
Honestly speaking, it is very expensive to have car insurance for a teenage driver like your son. But there are, however, certain ways to minimize your costs when purchasing car insurance for your kids. After all, what’s important is your son’s safety and protection while he is out driving. And adding your teenage son to your policy can add to his security when traveling even though it means paying high premiums.
One way of reducing your costs is by ensuring that your son drives safely. Imagine that even just a ticket from a traffic cop or a slight damage to another car’s fender is enough to make your car insurance premium rates go higher. So, try and talk to your son about driving safely.
There are also companies in Louisiana that offer car insurance rates for teen drivers with a good rating and a good record. If your son has a good driving record, then that could mean lower rates for you. Just make sure that your son is included in your car insurance policy, and if it possible, you can add him as an occasional driver to further lower your rates.
Another thing to consider is the kind of car that your teenage son will be driving. Make sure that the car has a lot of safety features in it. I think it is also better that your son drives an older model or a much slower car to avoid accidents caused by speeding. A safe and inexpensive car can mean low car insurance rates for you as well. Although, of course, persuading your son to get a cheaper car can be challenging.
Keep in mind to check out different car insurance rates for teenagers. Not every company in Louisiana offer the same amount for premiums, so be sure to gather more information. There are a lot of websites on the Internet that can help you get a free quote. So buckle up and start surfing the Web.
Tags: teen insurance, Young driver car insurance
Comprehensive Auto Insurance Louisiana LA
Reader’s Question:
Hi there! I’m John from Monroe, Louisiana. I’m planning to purchase a new SUV on an 84-month loan term. I once heard a story about a friend of mine whose brand new car got stolen before he was able to pay his loan off. Will a comprehensive insurance cover all my losses if this ever happens to me?
John
Monroe, LA
Well, John with a comprehensive auto insurance, you might be granted your car’s actual cash value at the time of the accident or theft. So if it was worth, say, $300 when it was totaled, your insurance company will pay you that amount.
As you may know, car values go down significantly in a matter of months. So the problem is the value of your vehicle when you lose it might be less than your outstanding balance. This depends largely on the terms of your loan. That means you will be receiving less (sometimes much less!) from your insurance company than the amount you owe for the car.
You can prepare for this situation by getting yourself a gap insurance. Basically, this type of insurance guarantees that you won’t have to pay the difference between the value of your car and your loan.
Let’s put it this way: If at the time of the accident, the actual cash value of your car is $300 and you still owe the car company $400 dollars, gap insurance will shoulder the $100 for you. There are however limits to the coverage. You should really visit an insurance dealer to get a clearer picture. Be sure to inform him of the details of your loan or lease, and ask him specifically what is included in the gap insurance coverage.
Tags: auto insurance, car insurance, comprehensive insurance coverage
Uninsured Motorist Coverage Baton Rouge, Louisiana LA
Reader’s Question:
What does Economic Only UM coverage mean in Baton Rouge, Louisiana?
Meagan
Baton Rouge, LA
In Baton Rouge, Louisiana you have the option to choose to buy Uninsured Motorist Economic-Only coverage. This Uninsured Motorist Economic-Only is the same as Uninsured Motorist coverage except that it covers only the actual costs of injuries to you and the passengers of your automobile. Pain and suffering are not covered under this coverage.
Insurance carriers in Louisiana who offer, Uninsured Motorist Economic-Only coverage has it so this car insurance coverage also includes Economic Only Underinsured Motorist Coverage. Yes, you can obtain Uninsured Motorist Economic-Only with limits the same as your bodily liability limits or lower limits than your bodily injury coverage however this coverage limit cannot exceed the Bodily Injury Liability limits.
If you want to know more about Uninsured Motorist coverages (economic-only or full coverage) you may contact the LA Department of Insurance, the insurance regulator for this state.
Tags: auto insurance
