Tips for Teens Saving on Car Insurance
Teens are famous for being the age group with the highest car insurance rates. Although it may not be widely known, there are actually a few little tricks teenagers and their parents can follow in order to keep premiums on auto insurance quotes much closer to reasonable.
Do Your Homework
KTeenagers should be doing their homework anyway, but maybe if they knew how much good grades could help them save on their insurance premiums, they'd have even greater incentive. Most insurance companies will offer teens a discount if they're able to maintain their grades at or above a certain GPA.
Additionally, you should also do your own homework as a parent and check out the guidelines for teen drivers which are required in your state. Knowing the various regional rules which govern your teen driver can really help you navigate through all the different offers and coverage plans which may be available for your teen.
Buy Safe, Not Sportyp
BYour teen probably has their eye on a flashy vehicle which looks fast and will be the envy of all their friends. It's in the best interest of you and your budget to encourage your teen toward an older vehicle with plenty of safety features instead. Premiums are already lower for cars which are rated safer in crashes, plus you'll be much less nervous with your new driver behind the wheel of a car which comes equipped with a few dings and nicks already and isn't in perfect shape.
Regardless of your current policy, you may find a better company once you're covering a teenage driver. Comparing different quotes from several providers is the easiest way to find the best deal. Also, be willing to take the time and compare plans in order to ensure lower premiums without sacrificing coverage reliability.
You should also be willing to think outside the box. For example, some providers may actually offer cheaper quotes if you purchase an entirely separate policy for your teen rather than putting them on under your own policy.
Teenage drivers may be a frightening thought, but they don't have to be. By following these simple tips, you can help keep your teenager safe on the roads without car insurance rates which increase too painfully.