Let’s face it. When it comes to teen drivers, there’s a lot to be concerned about. At a higher accident rate than other age groups, insurance does get much more expensive.
Traditionally, male teen drivers pay more than female teen drivers.
With that said, there are smart ways to make an auto policy more affordable.
Adding Teen Drivers: 7 Ways to Cheaper Auto Insurance
- Research which insurance company offers the lowest rates.
Team up with an independent agency that has access to many insurance company auto policies and can locate tailored coverage at the lowest rates for your teen driver.
- Use a Good Student Credit.
It pays to be get good grades for many reasons. In this case, you’re likely to get a discount if your child has an above B average, has made it to the honor roll or ranked in the top 20% on a standardized test.
- Have your teen take a safe driving course.
Research has shown that teen drivers are more prone to accidents. To counter that, insurance companies offer discounts to those that participate in official safe driver education.
- Ask about discounts for young drivers at college away from home.
If your teen driver attends college a distance from your home and does not have a car, your insurance agent may be able to apply a discount to the premium.
- Determine the best insurance-buy when searching for a vehicle for your teen.
If you are getting a car for your teen to drive, the older used-car will generally give you a lesser insurance rate. Then again, with all the latest safety features and fuel efficiency built into the new models, you may be eligible for related premium savings as well. Confer with your insurance agent for what makes the most insurance sense.
- Request a low-mileage auto insurance discount.
There are some companies that give you a rate-break if you or your teen drives under a specific amount of miles a year. Take advantage of this discount if this applies to your situation.
- Put an authorized safety monitoring device in the car.
Many insurance companies offer a discount to those who enroll in this type of monitoring program that checks overall safe driving techniques.
At Prime, we know that no lifestyle or family circumstance is the same. Talk to us and we’ll evaluate how we can get you and your teen driver the best applicable coverage at the lowest quote.
PRIME Insurance is a three-generation family-run independent agency. We’re proud to partner with many of the leading underwriters – recognized companies like ACE, AmTRUST, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, THE HARTFORD, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage and bonds at competitively lowest quotes. Visit us on our online insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!
Summary: Adding a teen driver to an auto insurance policy is one of the milestones of family life. Expensive as it is, an insurance agency can locate significant discounts and savings that may be applicable.