Tips for Lowering your Car Insurance Bill When You Add on a Teen Driver

 

Now that it’s the beginning of another school year, sixteen and seventeen year olds across the country will be studying up to get their learner’s permit or driver’s license. It is a big step for any teen as a driver’s license means greater independence. However, for parents, it could also mean more worries in terms of making sure they are driving safely. In addition to that, there is also the matter of insuring a teen driver, which could be stress-inducing on its own.

 

Unfortunately, insurance companies consider teen drivers to be high-risk, so it will cost more to insure them than an adult who has a history of safe driving. In most cases, a family insurance plan will become more expensive when a teen driver is added. While a parent may be tempted to get a separate plan for his or her child, this is usually more expensive than just adding the teen to a family plan. Luckily, there are some ways one can minimize the extra costs of insuring a teen.

 

Tips for Insuring Your Teen Driver for Less

 

Companies like eTags, a private automotive transactions firm that provides customers with low priced insurance quotes, have some helpful tips for those looking to insure a teen driver.

 

Consider Increasing Your Deductible: If you can afford to pay for more in the event of a one-time accident, you may be able to convince your insurance provider to reduce your premiums.

 

Shop Around for Insurance Quotes: There’s no harm in looking around to see if you can find cheaper insurance rates elsewhere. At the very least, you’ll have some leverage in your negotiations with your current provider.

 

Choose a Safe Vehicle Option: One of the things you can control when it comes to insurance is the type of vehicle. A sporty car or one that is statistically stolen more will be more expensive to insure than a car with more safety features.

 

Encourage Your Child to Get Good Grades in School: Obviously, lower insurance rates should not be their only motivation for getting good grades, but many insurance companies offer good grade discounts for students.