Teens and Auto Insurance

If you’re reading this, then your teenager has probably started driving, and you’re nervous about how much that’s going to cost you. You have every right to worry, because “New drivers are the most dangerous on the road, racking up tickets and accidents at rates several times the rate of the average driver.” Even though you might be second-guessing your decision to allow your teen to drive, there are ways to cut the costs of adding them to your auto insurance policy.

Choose the car wisely

Have your teen driver a safer, bigger and less exciting car will cost much less to insure than that sporty car they’ve been looking at.

If you do decide to buy them a car, buying a used car will be less expensive than a newer model.

Grades

If your teenager has good grades, there are often discounts to encourage their excellent performance at school. It also shows insurance companies that your child is more responsible than the majority of teenagers.

Discounts

Some insurance companies offer different discounts on specific things. “Liberty Mutual, for instance, offers a discount for taking an online driver safety program as well as signing a safe driver contract with your teen.” Other insurance policies offer good driver rebates if you go a certain amount of time without any tickets or accidents. Take the time to shop around and find, as many discounts that apply to you and your family.

Increase your deductible

Sometimes you can get a lower premium when you increase your deductible. The only stipulation to doing this is to make sure you can pay your deductible in the case of an accident.

Take a Driver’s Ed class

When your teen takes the time to learn more about the rules of driving and tips to be a good, defensive driver, it doesn’t only lead to discounts on your premiums but also teaches your child how to stay safe on the road. Additional classes and training never hurt even if there aren’t any discounts.

Contact us

If it’s time to add your new driver to your insurance, let us help you find a policy that will give you enough discounts and an excellent price to not break the bank!

GET A QUOTE