Many families look for cheap auto insurance every year for their teenagers. Although cover is easy to find, the outrageous cost of premiums is a real problem for many families.
Insurance premiums for teenagers will vary depending on state and local pricing factors, but average annual rates in the United States for teenagers are more than $ 3,500. Another way to estimate the rates for teens in your area is to multiply the parents. annual 2.5-3 times. This will give a general idea of the costs that you incur.
Since insurance for a teenager can really affect family finances, it is wise to look for and use all the discounts offered by insurance companies. Here are 3 important tips for saving money on teen car insurance:
1. Insure the right car. Teens will already be rated in the highest risk class. Do not increase your premium costs by allowing a teenager to drive certain types of cars. Avoid luxury cars, any car with a high-performance engine, tiny light cars and large SUVs (because of the risk of overturning not only exceed the costs for an SUV, the more difficult it is to maneuver and fail for a new driver). Sometimes it will be cheaper to buy a slightly older, mid-size car for a teenager. You can also increase the deductible, and if the car pays off, you can avoid collision and comprehensive insurance to save even more. Cars that are not stolen, as often, will also be less expensive to insure.
2. Take advantage of a good discount for students, if possible. When a teenager makes good grades, usually at least an average of B, they usually qualify for this discount. This can save up to 10-15% on insurance rates for a teenager. If a teenager leaves for college and often does not drive (limited access to a vehicle), you can apply for a student discount with many insurance companies.
3. Defensive driving courses. Most insurance companies will offer discounts if the new driver successfully completes a defensive driving course. They are available in most cities, and there are many online resources to help. This shows the insurer that a teenager is interested in being a responsible driver, and also helps in the learning process. Parents should spend time and energy on training a teen driver and setting expectations and rules for them. It will be well done, since positive driving skills and knowledge in the future are moving towards creating a safe driver.
Most of us believe that there is no such thing as cheap car insurance for teenagers, but if you use several options that you need to reduce the cost, savings can really be offset.
