Teenage drivers are recorded to have a higher risk of running into a car accident, since they generally have less driving experience than adult drivers. This reason alone increases their auto insurance rates. Purchasing a teen auto insurance policy can be more costly compared to your regular car policy. This fact cannot be changed. Luckily, you can do a few efficient steps to lower the rates of your teenager’s car insurance.
One thing you can do is prevent yourself from buying a sports car or a sports utility vehicle for your teenage driver. These types of vehicles have higher rates than an average car. Sports cars have increased risks for auto collisions since the maximum speed is higher, making it highly tempting to teenagers. SUVs on the other hand, are bigger and much harder to control than a normal car, increasing the possibility of doing more damage to other cars and property.
Another thing you can do is encourage your teen driver to get better grades in school, and better grades mean lower teen auto insurance rates. A GPA of 3.0 or higher lowers their car insurance by ten percent because having better grades mean that your teen is most likely a responsible individual.
Riding with your teen driver regularly to make sure he or she drives carefully can greatly prevent auto accidents, therefore preventing the increase of premium rates.
If your teen driver is employed or has a part time job, you can ask him or her to shoulder a small portion of the car coverage. Financial responsibilities train teenagers to be responsible and reliable individuals.
There are some auto insurance providers that sponsor special programs that can allow teen drivers to decrease their teen auto insurance rates. Some programs require teenage drivers to complete special driving classes that focus on road safety and improving driving skills. Not all companies sponsor these programs, but it would not hurt to ask them.
The wisest thing to do is to search for auto insurance quotes from different providers online and compare them. With this, you have the assurance of getting the best teen auto insurance coverage that suits your budget and needs. A lot of car premium providers online usually give better deals than companies’ offline, since the competition between insurance companies online is larger.
Your teenager will not be labeled as “high risk” anymore once he or she turns 21. This means your insurance provider will lower the rates of the car policy. Make sure your teen driver maintains a good driving record. It is the smartest thing you can do to lower his or her auto insurance rates.