It’s official, teen car insurance is downright expensive for a few good reasons. According to the released report from Insurance Institute for Highway Safety, teen motorists are 500% riskier when compared to their adult counterparts having at least 15 years of road experience. Given that assumption, is it still possible for anyone to find affordable teen car insurance these days?
Fortunately, the answer is yes, if you’re clever enough to review the usefulness of the list below.
Learn the Law – Laws are enacted for everyone to comply with. Although each state differs from imposing its road laws, and regulations from the other, today’s trend indicates that there are similar laws applying across all states, when it comes to restricting drivers to drive during wee hours, and the maximum number of passengers allowed to be carried and similar stuff. If you’re a parent, it’s your responsibility to see to it that your teen driver abides these laws at all times.
Set Examples – Children copy what their parents are actually doing, and therefore, setting good examples such as following the road and traffic signs are highly encouraged. Whether you’re consciously doing it or not, the idea is to inculcate the desirable road habits as they grow up into adulthood. Do not tailgate or drive over the speed limit, and let your teens learn these bad driving behaviors, remember you’re the one who is supposed to lead by example and not the other way around.
Include Your Teen Driver into Your Policy – We’ve mentioned earlier how risky teen drivers are and how expensive teen car insurance has become. To reduce price spikes, you can try adding your teen driver to your existing policy. Instead of buying a separate policy for teen, just add your teen as an authorized driver making him/her eligible for future discounts that you’ve been enjoying.
Encourage Them to Maintain High Academic Grades – Insurance providers reward students with lower teen insurance premiums if they’re performing well in school. By doing so, you can save as much as 20% off the regular price. To encourage your child to keep it going, you can put the saved amount into a savings plan for his/her future use.
Monitor – Obviously, you can’t be with your child all the time, however, that doesn’t mean that you’re not going to supervise or check his/her driving behaviors. It’s important to keep an eye and to call their attention should you find any undesirable motoring habits. The simplest way to check if such habits exist is to have your teen drive and observe his/her driving behavior. Don’t wait until it’s too late to correct the issues. Don’t hesitate to tell them right away the things they did wrong.
As of this moment, there’s only a handful of ways that you can do to reduce teen insurance premiums. Thus, it’s important to see to it that your teen driver is not doing anything crazy to smear his driving records. Insurance providers access the driver’s records where they determine how risky one is. As they say, you’re entitled to enjoy reduced premiums, if you obey rules and avoid accidents.
