Teenaged drivers have the worst driving records when compared to any other age group. Hence they are considered the high-risk age group and statistics have shown that most of the casualties that occur are in the 17-year-old age groups. This is largely due to the fact that most teenaged drivers lack the experience on road. Another reason could be the adrenalin rush that makes them drive at deathly speeds and thereby causing crashes. The midnight to the wee hours in the morning which is around 4 a.m. is the time when the maximum number of accidents occurs. Teens returning after late night parties are a common sight. But try convincing your teenaged son that it was his fault and you will notice how all the drivers on road were drunk except him.
It becomes the responsibility of every parent to ensure that their children have adequate auto insurance. Auto insurance doesn’t come cheap especially for teens.
Follow some of these useful tips to bring down the auto insurance rates:
- Pay a higher deductible if you wish to bring down the auto insurance premium. Raise the deductible from $100 to $500 and you can lower the premium by at least 10% or 20%.
- Never give teenagers brand new sports car if you want lesser auto insurance premiums. Hand him an old sedan and bring down the premium by $1,000 or more.
- You can avail a 15% discount on the premium by putting your teenaged son or daughter on your auto insurance policy.
- Enroll your teen in a driver’s training course and avail a discount of around 15%.
- Your teen can avail another 10% discount in some of the states if they get good grades in school.
- Ask them to pay part of the auto insurance premium. This will make them more responsible adults.
- Get multiple online quotes as the amounts can vary from one company to another for the same vehicle. Compare quotes online and you might be able to save around $1,000. It is a huge saving if you multiply that amount by 10 years.
- Install safety features in your teen’s vehicle. Simple monitoring devices and safety measures installed in the vehicle will help fetch discounts.
- The easiest and quickest way to get multiple quotes is to shop online for the cheapest insurance and comparing quotes. You can use the online calculator to check the amount you will be paying.
