Cheap Teenager Car Insurance Rates – Simple Tips
Reader’s Question:
How can I get cheap car insurance for my teens? Please help. What are the ways to lower the rates I will pay?
Jim
Anaheim, CA
Teenagers, being a new driver, are most likely to get one of the highest premium rates, practically because insurers find them to be more at risk when driving. They are still considered inexperienced, given a short time period to managing the road, as compared to older ones.
Here are some of the ways you can get cheap teenager car insurance premium:
1. Keep a good driving record. There are some insurance companies who give out discounts and/or benefits for those who keep a good driving history.
2. Try to get good grades in school. Inquire for the average grade required to obtain possible discount and make sure to submit documents or proof of grades on a specified deadline or period demanded. Typically you should maintain a grade point average of B or higher to be eligible on the good student discount.
3. Compare car insurance deals from various companies. The key is to evaluate from apples to apples. Determine the compensation your teenager major needs and choose among the multiple rates the most practical premium cost offered
4. The parents may try to share the same policy with their teenager than when they are to insure their own. It is much cheaper if a parent add their teen to their policy than getting a separate policy for teens.
5. Choose a higher deductible.
Good Student Discount Car Insurance
Reader’s Question:
Why are some insurance companies offer good student discounts on car insurance?
Michelle
Denver, CO
Good student discounts are offered by insurance companies as a way to help alleviate the high cost of car insurance for more responsible teens or young drivers by allowing this type of reduction in their car insurance rates.
According to statistics, students with higher grade point averages (GPA) tend to be more responsible when driving a motor vehicle. A discount is therefore offered to encourage responsibility in those teens or young drivers under the age of 25 who may be eligible.
To get more information if you would be eligible for a good student discount, you may contact your insurance broker and find out if they offer this discount and if so what their requirements are to acquire.
Teen Driver Non Owner Auto Insurance Policy?
Reader’s Question:
Should I get my daughter a non owners policy since she does not own a vehicle? She just got her driver’s license.
Linda
Good Question, Linda.
Generally, it is actually much cheaper if you add her to your insurance policy rather than getting a separate insurance for her. You may be able to get a discount from your insurance company for multi-policy if she will be driving her own car.
As soon as your teenager begins to operate a vehicle, you will need to notify your insurance company that you will add her as an additional driver in the household. Since teenagers are inexperienced in driving, you will notice a higher premium on your insurance, since according to statistics, they tend to get involve in an accident.
You may expect your insurance rate to go up as much as 50% if you add a teenager in you policy. A son however will increase a premiums for as much as 100%. You may consider increasing your liability limits for additional protection.
Please note that some non owners policies do not cover vehicles that are owned by a member of the same household.
Goodluck!
MariCAR
Teen Driver With Learners Permit Insurance Rate Quote
Reader question:
My son just turned fifteen and is studying to get his learner permit. Do I have to add him to my policy when he gets it? Isn’t a teen driver insurance rate so much higher?
Gabby
Thanks for asking, Gabby.
Yes, you do have to add him, and yes, a teen driver insurance rate will be higher than the one you currently have. You gotta do what you gotta do, though, and if you do it right, then your teen driver insurance rate does not have to be exorbitant. Here are a few steps to follow when insuring your teen driver.
- Keep it in the family.
A teenager should not have his own car insurance policy, even if they have a job to pay the premium. While adding a teen driver insurance rate to your own policy may seem undesirable, it will come out cheaper than two separate policies. Your teen being on your policy will lower his risk rate, and give him cheaper rates. Not so great for you, but since you’ll probably be helping out with the payments, it’s best to have a lower total than one lower and one very high.
- Keep the grades up.
When your son starts driving, he can get a good teen driver insurance rate if he makes good grades in school. Make an ultimatum. Good grades, you drive; bad grades, you walk. You’re killing two birds with one stone, there.
- Keep looking.
Anytime you’re about to make a major change in your policy, you need to look at what other companies have to offer. Your teen driver insurance rate from one company may be much better than the teen driver insurance rate you have with the company you already own a policy with, because at your current company teens might file more claims.
- Keep it crash worthy.
If you buy the right car, not only can you get a discount on your teen driver insurance rate, but you can also be sure that your teen is more protected while on the road.
- Keep it safe.
Don’t just buy your teen the car and let him loose. Make sure that he understands driving safety, and enroll him in a driving course or two to enforce that understanding. Keep on top of his driving habits and correct him when he is out of line. If he ever wants to get a cheap teen driver insurance rate, then he needs to start his good driving record ASAP.
- Keep it real.
You can’t just tell your son to drive safe, you have to lead by example. Drive well, follow the laws, and try to drive a safe car to show him what should be done. Point out how you drive to him, and use it as a conversation starter on driving safety.
- Keep it innovative.
Many states have adopted a graduated driver’s license program which restricts teen’s driving priveleges while they are younger, and as they get older allows them more freedom, until they reach the age of eighteen. Even if your state does not have this law, you can ensure driver safety by creating a system of your own just for you and your son.
Cheers,
Fashun Guadarrama.
Loading ...