Teens, which are automatically considered high-risk drivers, will face numerous difficulties in finding affordable car insurance policies. However, not everything is so grim. With a bit of perseverance, knowledge and some tips, you can get good rates. Find out more about this and get a free quote for car insurance from our website.
The first thing that can be done is to ensure that your teenager graduates a defensive driving course. This is the very first step, as these kinds of courses can help your teenager understand the right of way in traffic, asses traffic hazards. Generally, they will help your teenager drive safely and securely on the road. And they always bring a discount, which varies from 5% up to 15%.
Always pick a safe car for your teen. Since safety is a major concern for insurers, having a car equipped with warnings and sensors will help improve the insurance rates. Also, if you have several vehicles, carefully consider which ones the teen is allowed to drive. The cost of insuring new cars is relatively higher than for the older ones because of the MSRP (Manufacturer’s Suggested Retail Price). Also, the repair costs for a new vehicle are higher than for older ones; moreover, the lien holder will expect more coverage on the car to finance its repairs. So, letting a teen drive an older car makes sense. But, as we said before, make sure that the car has some safety measures installed.
One of the most coveted car insurance discounts for teens is the good-student discount. It works for almost every car insurance company. The companies apply the following logic when granting this discount: students who spend more time studying have less time to spend outside, partying and driving. It really makes sense to encourage students to stay in their dorms and study, since this age is typically associated with irresponsible behavior. Each company may have different requirements for this discount.