Buying the first car is always exciting for students and teenagers. But insuring the car is always an expensive affair. Insurance premiums for teenagers and students are much higher than others because of many reasons. Some of them are listed below:
- Insurance companies consider student drivers as a high risk than the rest of them because they lack the driving practice to be safe on the roads.
- Since teenagers are bound to experiment with their driving skills, they are more exposed to risks on the roads.
- Their driving records may not be perfectly maintained, since they will still be learning the necessary driving skills. Any negative point on the driving license is bound to increase the insurance premiums.
- Since teenagers always go for trendy cars that have higher horse powers and are faster, insurance rates are bound to be high.
Although there are reasons for insurance companies to charge a high premium rate for students, there are several things that students and teenagers can do in order to reduce their premium rates. Some of them are listed below:
- Students who take defensive driving lessons qualify for discounts in premium rates. Defensive driving lessons make them better drivers on roads and help them avoid accidents.
- Students who maintain a GPA of 3 or more all through the year may qualify for discounts on insurance premium rates. This is because the insurance companies consider them more responsible students and that they will be more responsible when driving.
- Another great way to save in auto insurance for teenagers and students is to enroll for insurance along with their parents. Insuring multiple cars will always be beneficial, and many add on policies may be available for students at cheaper rates.
- Keeping the annual mileage of the car within the limit set by the insurance companies will qualify teen drivers for discounts. The lesser they drive, the lesser they are prone to accidents.
- Maintaining a good driving record, free of speeding tickets and even parking tickets add extra points for discounts. A well maintained driving record qualifies them for deeper discounts.
- Reviewing the policy with an insurance adviser will help in deciding whether the policy is being overcharged. Time to time reviewing of the policy is a necessary step to negotiate with the insurance companies.
- Making their cars safer gives discounts on insurance policies for teenagers. Installing safety devices, auto brakes, air bags and the likes will help them be safer on roads.
