Teen Driver Insurance Tips

If you are a young driver it's not the best thing with respect to auto insurance. The vast majority of insurers look at teen drivers aged less than 25 as high-risk drivers and charges them respectively. In fact, there's a reason for such a pricing decision since the statistics aren't on the youth's side. Teen drivers don't have much driving experience while commonly showing a risk-taking behavior in traffic, which results in a higher number of insurance claims and serious accidents for this age group compared to all other demographic groups of car owners. In some cases teen drivers can pay twice as more as their older peers for the same set of coverage from the same insurer. Of course, it's quite disappointing but this doesn't mean that you're bound to pay a lot for having your car insured all the time. Fortunately, there are effective methods for reducing insurance costs, and you may find them really useful if you don't want to overpay for auto insurance.

Don't skip you parents' policy

Youngsters have the fame for their constant thirst for independence and individuality, which can sometimes take a strange form. Wanting a car of their own is certainly one of these things, but it's not as strange as the will to buy separate auto insurance for their car. When it comes to insurance, it's better to stay under your parents' policy as a written driver for as long as you can because it'll be more affordable than buying a policy on your own. The catch is that you have to reside in the same house as your parents in order to be included as a written driver and your no-claims experience under such a policy is not accumulated. Nevertheless, it's definitely a great way to start your insurance history until you are able to afford a separate policy.

Don't avoid comparison shopping

Timely comparison shopping is crucial when it comes to auto insurance and with all those opportunities the Internet delivers these days it's really a crime to skip comparing quotes from different insurers. Bear in mind that there will always be fluctuations in rates different insurers will offer for the same policy with the equivalent coverage amounts included. So your aim is to find a policy that has the most competitive price with all the features you need. Thankfully, there are many sites that allow you to compare quotes from different insurers in a matter of minutes, so comparison shopping is probably the easiest way to save on auto insurance for a teen driver.

Don't mess up your grades

Sure, it may sound a bit strange, but being a good student is welcomed by most insurance companies, and you can save a lot of money on auto insurance by getting excellent grades. Students with full enrollment with an average of B and higher can opt for a special good student discount if they have a separate insurance policy. Insurance companies state that good students tend to be more responsible when it comes to driving and produce fewer accidents compared to their peers who aren't as good at school or college.

Don't aim for a fancy car

Owning an expensive ride is definitely a dream for most teenagers. And if someone can actually afford to get one either with the help of their parents or using own money, it's not likely that they will discard the opportunity to impress their peers. Even so, when it comes to insuring an expensive car, the premiums can go sky high, especially if you're on a separate policy. If auto insurance budget is still limited, consider starting with a cheaper, maybe even used car that will be cheaper to insure. And when you get enough driving experience or manage to avoid any claims for a couple of years in order to get the respective discount you may consider getting a better vehicle.

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