For teenagers, learning how to drive and receiving their driver’s licenses is an important milestone in their lives. Parents, however, may not be as ecstatic upon realizing how much their automotive insurance premiums will rise once a teenager is added under their policy. Years worth of highway data shows that people under the age of 25 have the greatest risk of getting involved vehicular accidents, of causing huge property damages during a collision, and a higher chance of getting arrested for DUI (Driving Under the Influence).
In fact, the risk is so great that people providing automotive insurance for teens can expect their premiums to become two to three times higher . However, that doesn’t mean parents are have no choice but to throw a lot of dollars on car insurance. Here are seven smart ways to help reduce the costs of automotive insurance with {{{teens | teenagers | young drivers}}:
- Enroll them in a state approved defensive driving class. Not only will they learn the skills to better avert accidents, your policy will also become eligible for defensive driving discounts. In fact, encourage everyone in the family who drives enrolled in this kind of class, if they haven’t done so yet.
- Let them drive an older automobile. These costs significantly less to insure compared to more contemporary models, and are susceptible to car thieves and vandalisms, which means lower premiums.
- Talk to your teens about the long-term effects of a good driving history to saving money. Start them young. A good driving record is one of the most effective ways to enjoy affordable automotive insurance for many years to come.
- Look for a automotive insurance provider that specializes in teenage drivers. You would have bigger chances of obtaining more affordable rates with someone who focuses on teenager car insurance as compared to the general insurance carriers .
- Become eligible to have a good student discount added on your policy. Your teens would only need to sustain an average grade of B or better in school to become eligible for this kind discount, which can be around 10% in some states.
- increase the amount of deductibles on your automotive insurance policy. A higher deductible means lower premiums. Just make sure you can still afford it in once you do need to file a claim in the future.
- Shop for rates the right way . The Web has many of specialized automotive insurance websites or portals that allow free and quick access to up-to-the-minute rates and policies in the market. Here you can compare carriers more conveniently and maximize your chances of {{buying | purchasing | obtaining}}} the automotive insurance policy that best fits your needs. This can has the potential to save you hundreds – even thousands – of dollars annually .