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.

Why is insurance for young drivers too expensive? My daughter is applying for one and all the insurance quotes she’s getting reveals too high rates for her taste. Thanks

Marjorie

Omaha, NE

Insurance for young drivers has traditionally been more expensive compared to those of elder drivers. Insurance companies have been strict when it comes to rating insurance for teenage drivers since young drivers are more prone to committing mistakes on the road that can result to car accidents, injuries and damages.

Another reason why insurance for young drivers is expensive is because young drivers do not have a lengthy driving record to speak of. This is a result, of course, of the short time they have as drivers. But since automobile insurance companies put premium on the driving tendencies and skills of their policy holders, young drivers are at the raw end of the deal, and thus have to pay more for their vehicle insurance.

Yet another factor which contributes to higher insurance rates for young drivers is the fact that they usually drive unsafe vehicles like sports cars. It is not surprising that car insurance companies charge highly on their insurance coverage since sports cars are known to be involved in a lot of road accidents.