Tips for Choosing Car Insurance for Teenagers

Car insurance for teenagers is expensive as a result of some frightening statistics. According to the National Highway Traffic Safety Administration, auto fatalities are the leading cause of death for those aged 16 to 20 years old. A teen is simply more likely to get into a serious accident, and insurance rates for them will be higher. However, you can get less expensive car insurance for your teen if you know how to get discounts.

Consider the Car: Look at the type of car the teen will drive. Cars that are less expensive mean lower insurance rates. If you have two cars that the teen could drive, choose to add the teen to the car that is the least expensive, and restrict his driving to just that car.

Don't Open a New Account: Compare the cost of adding your teen to your own auto insurance policy rather than opening a new account just for him. Generally, the auto insurance quotes will be lower when a teen driver is added to a family plan.

Choose a Plan With a Higher Deductible: The deductible amount is another factor in keeping car insurance for teenagers low. The higher the deductible, the lower the premium. When you pay a higher deductible, you are choosing to pay more out of pocket in the event your teen is involved in a car accident. If your teen is especially safety conscious, this may be a good way to save money.

Reward Good Students: Many insurance companies offer a discount for good grades for students who earn a B average or better. Some insurance companies will offer a discount if the teen takes a defensive driving or driver's education course that is certified by the insurance company.

Ask for Lower Rates After a Year: Insurance companies should offer to reduce the rates of any teen who has a safe driving record after a set period, usually after each year goes by. If the teen has not been involved in any accidents or received any moving violation tickets, the insurance company will offer a lower rate. If your teen is a good driver and you haven't seen any offers for discounts, simply call your insurance agent, and ask about their good driver policy and new auto insurance quotes.

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