Saving Money with Teen Car Insurance


More and more teenagers are taking to the roads today. And as new drivers, they are considered high-risk motorists by many car insurance providers. Because of this, families with teen drivers can expect to pay more for their annual insurance expenses.

Saving Money with Teen Car InsuranceSome families even shell out an additional $2,000 or more to have their teens covered by insurance. Adding a young driver to the policy shouldn’t be as expensive to warrant the absence of insurance. There are actually steps that a family can take to keep rates affordable.

Some companies offer discounts for students doing well in school. These insurance providers know that there is a stable market out there for parents who want their teen drivers covered by insurance. Teenagers with good grades can qualify for “good student discounts” offered by many auto insurance firms. Discount rates vary but they can go up 15 percent. That would mean an average of $300 in savings every year for an additional driver in a policy.

Of course, the key to really saving money from insuring teen drivers is teaching them to be good drivers in the first place. Many school systems provide students with the opportunity to hone their driving skills in drivers’ education classes. These classes teach teenagers the basics of driving and vehicle safety. Because they usually don’t cost anything, they can be very important in the future when teen drivers apply for car insurance. If they maintain clean driving records, car insurance companies will give significant discounts.

When teenagers get their learners’ license, it is up to the parents and driving instructors to emphasize the importance of driving safely. Teen drivers need to know the importance of obeying traffic rules on the road. By instilling good driving habits in teens at an early age, they will develop a cautious and safety-oriented attitude towards driving.

Saving lives is undoubtedly more important than saving money on insurance. For this reason alone, proper drivers’ education is crucial for young drivers. Because family members will place their lives in the hands of teen drivers sooner or later, it is of paramount importance that they learn to drive responsibly.

Curfews can also help limit the risk of accidents teen drivers are involved in. Statistically speaking, more fatal vehicular mishaps happen between 10 p.m. and 6 a.m. than at any other time of the day. Limiting teen drivers’ activities during this period can greatly reduce the risk of being involved in accidents. Avoiding car accidents can save lives and money in the long run.