3 Ways To Save On Teen Auto Insurance
When your teen starts driving, you'll probably notice your car insurance rates going up significantly. Teen drivers lack experience on the road, making them more likely to get into accidents, and because of this, insuring teenagers can be very expensive. Adding a 16-year-old driver to your policy can mean a rate increase of 130 to 140 percent. If you have sticker shock from how much insuring a teen driver costs, you aren't alone. Here are three things that you can do to save on teen auto insurance.
Choose Their Vehicle Carefully
When it comes to insuring a teen driver, your best bet may be to go with a reliable and safe used car. New cars and high-performance vehicles are typically more expensive to insure even for adult drivers. For teen drivers, insurance costs for a new or high-powered vehicle can be prohibitive. This is because these types of cars are more expensive to repair or replace, making insurance costs higher. If you do decide to buy your teen a new car, going with one with plenty of safety features is a good idea.
Enroll Them In Driver's Education
Another way to save on auto insurance is by enrolling your teen in a driver's education or defensive driving course. Not only are these courses a great way to teach your teen how to drive safely, but they can also help you save on your insurance policy. Many insurance companies will offer a discount of up to 10 percent when your teen enrolls in one of these courses. The savings you see from entering your teen in one of these courses can add up.
Look Into A New Policy
Another way to save on auto insurance when you have a teen driver is by shopping around. If your current insurance company does not budge on their rates, another company may offer lower prices. It's easy to get quotes from multiple insurance companies and compare policies. However, it's essential to focus on more than just price. Before switching plans, make sure that you have ample coverage for your entire family. Another way to save is by taking out a separate policy just for your teen driver and keeping your current insurance.
If you have a teen driver, your insurance costs can skyrocket. The good news is that there are a few ways to save. First, going with a reliable used vehicle over a new or high-powered car can help you save. Enrolling your teen into a driver's education course can also have a positive impact on your insurance premiums. Shopping around and looking into a new policy can also lead to savings.
To learn more about car insurance, talk with an insurance agent.