3 Ways To Save On Your Teen's Car Insurance Premiums

If you're willing to put in the work, and some money, you can keep your car for many years. Click here for more information.

3 Ways To Save On Your Teen's Car Insurance Premiums

5 April 2016
 Categories: Automotive, Blog

Do you have a teen who just got their driver's license? If so, you may see a big increase in your car insurance premiums. Car insurance companies often view teenagers as having an elevated risk level when they're behind the wheel. Part of the reason is that teen drivers just don't have as much experience as other drivers. Another is that many teens are distracted by cell phones, the radio, and even friends in the car. To offset this elevated risk, many companies charge higher premiums to insure teen drivers. Fortunately, there are steps you can take to manage your teen's insurance premiums. Here are three tips to save on your teen's insurance:

Apply for a good grade discount. Many car insurance companies offer discounts for teens who have a track record of academic success. They view the academic success as an indication that the teen is responsible in school and will therefore also be responsible behind the wheel. Your insurance company likely has minimum requirements that your teen must meet to qualify for the discount. For example, you may need to submit school transcripts or report cards to your insurer. Ask your insurance agent for more details.

Let the insurer track your team's driving. Some insurers now have technology that lets them track your driving ability. The technology usually involves a small chip that plugs in underneath your car's steering wheel. The chip then records details about your driving and compares it to other drivers to determine whether you are safer or more risky than the average driver.

If you are confident that your teen is a safe driver, this could be a good option. After reviewing the data, your insurer may offer a significant discount. However, if your teen is an unsafe driver, the insurer may use this data to increase your premiums. Make sure you know what the outcome will be before you go this route.

Sign up for driving school. In some states, driving school is mandatory for getting a driver's license. Even if it isn't mandatory in your state, though, driving school could still be a good idea. Many insurers will offer discounts if you can show that your teen successfully passed driving school. Many insurers believe that driving school helps teens become prepared and knowledgeable drivers so they can make better decisions on the road.

For more information, contact a driving school in your area. They can help you find the best classes to help reduce your teen's premiums.  

About Me
Making Your Car Happy

When my car started having serious trouble, I knew that I needed to do something to make things right. Although friends and family members pressured me to sell it and to buy a different car, I decided that it might be worth it to focus on repairs. I took the car to an automotive shop in my area, and they started focusing on finding what the problem was. It took a little money to get things fixed, but it was still a lot less than buying a new car. This blog is all about making your car happy and investing time into that old ride.