Car insurance for teenagers has often been responsible for making the family’s insurance premiums go sky-high. Though there are ways to save on policy premiums when you have a teen driver at home, the fact remains car insurance for teenagers does cost more. Factors which contribute to this are their lack of driving experience and proven records that a teen driver is seldom as responsible as an adult behind the steering wheel.
Statistics show that teen drivers account for a far higher number of car accidents with critical injuries. However, there are ways you can lower the cost and get cheap teen car insurance. One way is to ensure that the car the teen is allowed to drive is not a sports car. Though teens want nothing more than to drive fast, flashy cars, the cost of insuring such vehicles are huge.
Remember that the insurance premium will go up with the car’s horsepower rating. Also, it will make better sense to choose a low-key vehicle that will not attract chances of theft, which will again help in keeping premiums low. Older and heavier cars go not go well with reckless driving, plus the blue book value will be lower — both considered deciding factors in reducing the cost of insurance.
Another point to keep in mind is that most insurance companies offer quite substantial discounts on car insurance for young drivers when the driving record is impressive. Ask your teenage children to drive carefully so that you can avoid insurance claims for minor damage like bent fenders.
Also ensure that they follow driving rules and are not handed traffic tickets. Traffic tickets and insurance claims can increase the cost of car insurance for teenagers. Driver’s education is also a great way to lower insurance costs for teens. In some states it is mandatory for a teen to undergo driver’s education before he or she can get a license to drive. Some insurance companies offer lower premiums if the teenager has done well in a driver’s education course. Even if driver’s education is not mandatory in your county or state, encourage your teenage to sign up for a driver’s education course. Good grades in school too can help in getting less expensive car insurance for teenagers. If your teenager has good grades to show or is on the honor roll, you may be able to secure a break on premiums.
Finally, make sure your teenager fully comprehends the fact that he or she is starting out with a perfectly clean driving record. If it stays that way, then the rates car insurance for teenagers are often reduced over time.