Adrenaline rushing teenagers are usually seen as potential risks by insurers. Reckless driving, speeding tickets, drunken driving are mostly attributed to teen drivers. Hence, it becomes quite risky to insure them. That they have more chances to get involved in accidents compared to matured drivers, is the main reason why insurance providers charge high rates when you want to get your teen drivers insured. However, there are also ways to lower the rate that companies would usually charge in such cases.
6 Popular ways
to get affordable auto coverage for your teenagers
- Shop around: Not all insurers will offer the same rate. There will be insurers who will have lower rate than others. You may check out such companies but make sure you get adequate coverage. Do not compromise there. Compare rates and coverage provided by different companies before you buy a policy.
- Good student discount: Insurers often offer discounts if your teen driver has been a good student. Being a good student to them means that these drivers will be responsible and careful when driving, compared to others who are not such good recipients of education. Students with Grades A or B get good discounts almost up to 25%.
- Driver's education course: If your teen driver has had good education as a driver from a good/reputed driving school, his/her policy rates might be discounted. Make sure the teens get good driving lessons from the driving school to be able to get the concession on the premium. You can find a 'Safe Drivers Program' with some insurers, after the completion of which, your teenager can get additional discount. In addition many companies also offer discounts to those students attending school 100 miles away from home and where there are no cars in the school campus. Having other cars would increase the risk of accidents.
- Include him/her in your policy: It is relatively cheaper to include your teenager in your policy than buy a separate one for him. You can add your teen's name as an 'occasional' driver or as a 'pleasure-use only' driver instead of primary driver. It is assumed that the primary drivers are going to drive more frequently than other drivers. Moreover, if you include them in your policy, the discounts that apply to you would automatically also apply to them.
- Provide safer car to your teenagers: This does not mean that you get brand new car ensuring all kinds of safety for your teen drivers. Remember, new cars are more expensive to insure. If they have to, then, let them drive your old car and keep reminding them (without sounding irritating) about road safety that they need to maintain.
- Teach them the law and about safety: Spend some time with your teenager and teach them about the driving laws in your state, the restrictions that apply to new drivers. Insist on them following the law and talk to them about the consequences of drunken driving. You may sometimes ride with your kid to see how he / she drives, and if you find any thing wrong you may gently point it out. Having a safe driver's record is the best defense against raise in the policy cost.