Car Insurance for Young People/teens

If your son/daughter has just got their driving licence, the chances are that they will want to spend some time behind the wheel of your car as you worry over their safety and high auto insurance premiums. It is no secret that teenagers are far more likely to be involved in an accident than any other driver. This means premiums for young drivers are very high. This is why it is so important that you search around for cheap car insurance quotes, just as with any type of insurance; be it home insurance or life insurance. And you can start now with the useful advice listed in this article.

Firstly, you should add your teen driver up to your policy, instead of creating a seperate one. It may seem ridiculous to do so, since they will ramp up your insurance premium. However, it’s cheaper this way, since you will actually save money by signing up a new driver to your auto insurance policy. Also, to keep cost down even further, you and your teen should also do the following:

Practice safe driving. This applies to both you and your son/daughter. Your teen may be an inexperienced driver, but you are his ultimate role model. Therefore, you should be a living example to how to drive appropriately on the road. If both of you doing this together will help keep your auto insurance cost down even further.

Maintain good grades. Your teen may be going through school, and you want the best from him or her. And your auto insurance company does, also. Many companys offer a “good student” discount. It will lower your premium and might help your son/daughter to maintain good grades.

Buy an older/cheeper car. Older vehicles are less expensive, which is ideal for your teen to learn todrive. Any expensive vehicles should be driven by you, the experienced driver, since these actions will reduce premium costs.

Have your teen take driver’s education. This course will help teens drive better on the road, and auto insurance companies will give you and your teen a discount, if he or she passes.

Raise the deductible { voluntary excess ) on your policy. Your voluntary excess is what you pay when you claim, your insurer pays the rest. Your voluntary excess should be raised to lower your premium.

Remember to drop their coverage when your son/daughter goes to college. When your teen goes to college, most likely – unless they commute from home – they will not need to be on your auto insurance plan, if they plan on buying their own car insurance policy. No matter what though, teens must have a car insurance policy, since it’s against the law to drive without one.

Shop around for insurer's. Perhaps it’s time to switch insurers, if your current provider is giving you a high rate. It will allow you and your sibling to find a rate that’s fair and reasonable, especially if the new policy has a great coverage plan.

These tips will help reduce costs associated with young drivers. Be sure to also question your insurance agent about discounts or other cost-reducing strategies.