Lowering Car Insurance Premiums For Teen Drivers

Teenage insureds cost higher rates for automobile coverage, since they cost their insurer more. Teenage new drivers have more accidents than older more experienced drivers. This is difficult to ignore. Your policy’s costs will increase when you add a young inexperienced driver to your automobile insurance policy, but you can reduce the sting of the increased rates by using certain strategies.

Lowering Your Rates
Shop Around Early
Explore All Auto Insurance Discount
Drivers Education
Good Student
Some Automobiles Cost Less to Insure
Reduce or Eliminate Extra Coverage
Price Shop Early

In many cases auto insurance companies won’t insure a you if you have a teenage driver unless they are an existing account. You’re more likely to get a better deal if you shop around when they are still too young to drive.

Inform your automobile broker that you need to know the price for the policy would be now and what they would be when your child starts driving. It is important to compare premiums and benefits based on what the policy will be priced when you do have a teenage driver. .

Get Every Auto Insurance Discount

Discounts can lower your rates substantially. There are 2 discounts that anyone with a teenage driver should investigate. They are the “good student” discount and the driver’s education discount. Getting one or both of these price reduction opportunities can save you thousands.

Your young driver is likely to cost you less if he or she maintains a grade point average above a B. This will qualify him or her for a reduced rate with many carriers. If your child’s grades lower than you want them to be, driving privileges may be enough of an incentive to get him or her to get better grades.

Also, many companies will offer a lesser premium for younger drivers who participated in a recognized driver’s ed instruction course.

This should be supplemented with supervised driving with Mom or Dad, but the drivers education class will probably qualify you for a discount.  This lesser premium may save you enough money to pay for the driver’s education lessons. And although you may be very safe driver, allowing your teenage driver to study with a professional driving school can make your son or daughter a safer driver.

Get The Right Auto

Certain vehicles are cheaper to insure. Faster vehicles can cost more to insure particularly  with a young driver on your family’s auto  insurance policy. Getting an older,  less sporty automobile for your teenage driver has its advantages over faster newer cars.

Drop Unneeded Coverage

You may be able to drop your auto  insurance rates by dropping the collision and other than collision coverage on the automobile your teenage driver will drive. You will take more risk. If your teen driver gets into an accident, your insurance company may compensate the other diver, but it won’t pay for any repairs to your automobile . You must make a decision based on your comfort level, but removing comprehensive and collision coverage will probably drop your prices.

Lower Car Insurance Costs and Safety

There is more at stake here than cost. A drivers ed lessons may make your son or daughter not only a less expensive driver to buy coverage for, but also a less dangerous one. This is also true for getting a less sporty safer automobile  if you were contemplating acquiring a sports auto  for your teenage driver.

Lower The High Premiums for Teenage Car Insurance Cover

By using some of the tips you see above, you may save hundreds each month.

Alston Balkcom has been an insurance producer for almost a quarter century. He can help you find Rhode Island home owners insurance and car insurance for teens.

This entry was posted on Sunday, July 17th, 2011 at 3:48 am and is filed under Car Auto Insurance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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