Ways to lower the cost of teenage auto insurance

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The car insurance cost for teenagers generally expensive one. As the statistics shows that for the teens there are three times more chances to get involved in an accident than that of a mature car driver. And when we talk about the age factor, the chance of a sixteen year old to get into an accident is ten times more than the drivers between 30 and 59 years old drivers.

So addition of a teen driver always means to raise the cost of the premium significantly. Your rate will increase by 50% for an inclusion of a teen girl and the rate becomes almost double with a teenage boy.

But instead of the facts above, there are ways to lower the costs.

Shop around: Car insurance rates for teenagers can be lowered by shopping around the different insurers as the rate varies a lot from company to company. Try to get a number of quotes and compare them to suit best your teen.

Good student discount: If the teenager is a good student (maintaining the grade B or above) this could help her to save up to 25% on the car insurance. According to studies the good grade students have better driving records compared to those with lower grades.

Driver's education course: You must be sure that your teen has taken a driver's education course. Then contact your insurance company to get discounts on the insurance premium. Some insurers offer safe drivers program. With the completion of this program your teenager can get additional discount. In addition many insurers provide discounts to those students attending their schools 100 miles away from home and don't have cars in the school campus.

Insure your teenager with your policy: It will be relatively cheaper to include your teenager to your policy than to a separate policy. You can include your teen's name to your car insurance policy as an 'occasional' driver or as a 'pleasure-use only' driver instead of primary driver. Because it is assumed that the primary drivers are going to drive the car more. If they have their own car you can insure with your existing company to get discounts.

Provide safer car to your teenagers: Insist your teen to drive an older and bigger model cars rather than a newer model. As this would help to reduce the insurance costs much. Also this kind of car discourages in turn the reckless driving behavior. And the older cars carry less collision and comprehensive coverage which reduces the costs. Bigger cars are helpful in adding the car safety instruments.

Make your teen learn about safety: Spend times with your teenagers to teach how to drive safely. Because a good driving record will be the best defense against the increasing insurance cost. With the safety driving your child would remain safe as well as it also save money. The rate will drop eventually as your teenager grows with a good driving record. If they get tickets or get into accident the cost will be a ballooning one.

More car insurance articles:
Tips to lower the cost of car insurance.
How to file an accident claim.

anonymous2 · Posted: Mon May 21, 2007 7:58 pm Post subject: Discounts

How does the good student discount process work?

Does the student provide the grades for the current term or the overall transcript? Will a simple copy of the grades do, or will the insurance company also call the school to check?

gary · Posted: Sun Jun 03, 2007 3:27 pm Post subject: Good Student Discount

Usually it requires the student to carry a 3.0 grade average. It usually is based upon two consecutive semesters or a cumulative average. Some companies re-verify the discount annually. Some only do when new business is written. Some companies require proof be faxed (by the agent) and some companies require the agent maintain the records in his file.

*System Edited : Link moved to Signature as per TOS

nique1221 · Posted: Sun Jun 03, 2007 11:50 pm Post subject:

Yes most companies want you to send in a copy of a report card for the renewal of the policy which is usually every 6 months or so. I know that many of the companies that I delt with wanted to see this proof to make sure they were keeping up the good grades.

Ways to lower the cost of teenage auto insurance

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