If you have a teenage driver in the house, you know that auto insurance premiums for teenagers are significantly higher than they are for other drivers. Even with applicable discounts and by using money saving tips, there is no way to avoid the fact that auto insurance for teenagers is costly. Their lack of experience behind the wheel and statistical evidence of the fact that they are less responsible than adults help to contribute to the need for high rates.
Tips To Help Reduce The Cost Of Teenage Auto Insurance
Statistics prove that teenagers are more likely to be involved in serious or even fatal accidents, which means that rates need to be higher for teens. However, you can help to keep the price as low as possible with these tips.
- The Right Car For Teenage Drivers - It is important to choose the right car for a teenager to drive. Avoid sports cars or other fast cars, as the insurance will be through the roof. Opt for lower horsepower ratings for lower premiums. Find a car with low theft ratings also.
A great choice is an older vehicle, which is typically of heavier construction. These cars make is difficult to drive poorly in, so they are safer. If the car is fully paid for, you can also consider not opting for collision and comprehensive insurance coverage in order to keep your rates down. However if you do opt for full coverage, the blue book value of the car is relatively low, meaning lower premiums.
- Your Teenager's Driving Record - If your teenager has a good driving record, most insurers will give you a premium break based on it. Therefore it pays to give your child encouragement to drive carefully. Do not make small, frivolous insurance claims for things you could easily handle out-of-pocket. Insurance claims and traffic tickets are both contributors to higher insurance costs.
- Driving Courses - A teenager can effectively bring down the cost of his insurance by taking a driver's education course even where it is not required. You can find out about available courses through local schools and the department of motor vehicles.
- Discounts for Good Students - If your student gets good grades or makes the honor roll, depending on the insurer, the cost on car insurance may be lower. Those who strive to work harder and do better in school are also more likely to make responsible choices when driving.
- Auto Insurance and Teenagers - It is important to underline to your teen driver that his slate is perfectly clean when he begins driving. If he treats it properly, it can stay that way and his insurer will reward him with lower rates.
Before purchasing a car insurance policy, be sure to shop around and compare what is available. While your existing car insurance may be a good deal for you, it may not be the best option for a teenager. You may even want to consider an individual policy for your teen to save money and get the best protection possible. Get started now using our online auto insurance quote tool to save time and money.