Curb the Cost of Insuring Your Teen Driver
If you’re the parent of a teenager who is getting ready to climb behind the steering wheel, insuring your new driver can be an expensive endeavor. This is because the risk of motor vehicle crashes is higher among 16- to 19-year-olds than among any other age group. We’ve gathered some helpful tips to help you keep your car insurance premiums as low as possible, and keep your teen safe and accident-free.
Minimize Distracted Driving
There are many things you can do to help your teen develop good habits to keep them a safe driver and maintain a good driving record for insurance companies. Teens can get distracted easily, and the number one cause of accidents are distractions. To minimize your teen’s potential for driving distractions:
1. Do not allow your teen to drive with more than one other person in the car for the first year.
In many states, the law designates the number of passengers young drivers are allowed to have in their vehicle at one time.
2. Ban the use of electronics, such as talking or texting on a cell phone or listening to music while behind the wheel.
The use of cell phones by young drivers is prohibited in 28 states and the District of Columbia.It is not just a good idea, in many places it is the law.
How to Keep Your Teen’s Auto Insurance Premium as Low as Possible
- Consider raising your deductible
- Ask about a good student discount
- Have your teen keep up their good driving record
- Enroll your teen in driver’s education
- Ask about our multi-policy discounts
Instead of getting an individual car insurance policy for your teen driver, consider adding him or her as an additional driver on your Auto insurance policy. This is usually the least expensive option. If you have more than one car, indicate which vehicle your child will be driving. This will keep the cost down as well. Also, the newer the car, the more expensive the coverage will be.
Car insurance deductibles are usually $250 to $1,000. If you have a high deductible and using your insurance only for big repairs, you will have a much lower premium. If you lease or finance a car, the leasing or financing company may require a deductible of no more than $500.
Ask for the student discount
Maintaining a 3.0 grade point average (GPA), can help your teen qualify for a discount. Consider making your teen’s driving privileges contingent on maintaining good grades.
Enroll your teen in driver’s education
There are discounts are available for teens who take recognized driving classes because it extends the teaching period beyond the standard drivers education requirement.
Weigh your buying decision
While you may think your teenager should have a new car to drive with the latest safety equipment, purchasing a safe, used vehicle could cost you less in insurance premium prices. Before you buy a car, call us for an insurance quote. It could help you decide what to buy.
Set your expectation for safety
To keep your teen’s insurance premium as low as possible, it is essential that they maintain a clean driving record. To help reduce potential accidents:
- Restrict your teen’s nighttime driving
- Limit the number of passengers in the vehicle
- Ban cell phone use while driving
- Establish driving-area limits
- Set a curfew
- Talk to your teen about the dangers of drinking and driving
- Insist on seat belt use for everyone in the vehicle
- Ride with your son or daughter occasionally to make sure they are keeping up with the safety habits that they learned in driver’s education
To find out more about our auto coverages solutions and adding a teen driver to your auto insurance policy, please contact us at 949-222-0444.