Car insurance for teens can be quite expensive, however, that doesn’t mean that you cannot find numerous ways to save on the coverage. If you are tired of paying expensive car insurance for your teen, take advantage of these money-saving tips for your teen!
Good Grades Equal Lower Payments
If your teen does well in school you could see great rates on their car insurance premiums! Many companies offer a discount up to 30% for a teen scoring A’s and B’s on their report cards. Take advantage of this awesome discount and encourage your teen to do well in school! It is a win-win situation.
Safe Driving Classes
Rates for car insurance for teens costs more because teenagers are responsible for many of the accidents that occur today! Drivers aged 16 to 25 account for nearly 40% of the accidents reported on the roads. This increased risk hits your pocket hard.
Teaching your child safe driving skills before they obtain their license is important. They should understand the importance of driving safely, and be taking all of the proper precautions to stay safe.
Safe driver classes are provided in most high schools and can be obtained privately as well. Enroll your child in such a course and the insurance companies will reward you with discounted costs in your insurance coverage.
Staying Safe Behind the Wheel
This will not only provide you peace of mind but also keep vehicle premium rates low. Teenage drivers who prove to be responsible drivers can find discounts in store. Accidents, tickets and other points and marks on the drivers record will only send auto insurance rates skyrocketing.
Keep them on your Policy
There is no reason to find separate insurance companies for your teenage driver, nor is there a reason to purchase coverage in their name. Adding them to your insurance coverage can end up saving you an amazing amount of money versus the alternative. Additionally it may qualify you for additional discounts on your car policy. A tip that offers double benefits? What could be better?
Insurance is not Optional
Vehicle insurance for the young, inexperienced teenage driver is not an option. You will not be able to sit down knowing that your child is behind the wheel, but knowing they are out there without coverage makes the feeling even worse. It is so important, most states make it mandatory to carry at all times and implement fines and more for those who do not.
Ensure that insurance is always in place for your teenager, and take special precaution that you aren’t paying to much for that coverage. A bit of bonus advice is to check online for cheap quotes from several carriers its free and saves time. As you can see there are numerous ways that you will find to save on your auto insurance. Take advantage of them all and you will not mind paying the insurance payment!