Teenagers are really quite special in a parent’s life–they add some extra fun and challenges as they grow into adults with their own ideas about life and independence. It’s quite a challenge for all parties involved. With this extra stress comes the added–shall we say benefit (?) of extra expense like clothes, makeup, and cars. We’re here today to talk about cars–and specifically cheap car insurance for teens.
Cheap car insurance for teens might be found in another dimension, but probably not in ours. What we can do is get cheaper car insurance–cheaper than most teens, and there are definitely ways to weedle those charges down.
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1.) Raise the deductible.
If you trust your teen to drive safely (threaten their LIVES if they don’t!), then their car insurance premium can be lowered simply by raising their deductible–the amount they pay (or you pay) out of pocket in an accident. It does put more responsibility on your shoulders, so be certain that you trust your driver for the most part before you take this step.
2.) Get good grades.
This insurance premium decrease-er helps get cheap car insurance for teens through good grade discounts that are often provided by auto insurance companies. Work with your teen to get good grades and the reward will not only be proud parents, but also a lower insurance premium.
3.) Driver’s Training
Now, don’t be insulted here, but no matter how good of a driver you are, sending your teen through some kind of driving school will lower their insurance premium. You might be a fantastic driver, but that paper certificate, once sent to the insurance company, will be able to save you hundreds of dollars.
4.) Drive a safe friendly car.
Cars that have anti-theft devices and extra safety features are looked upon kindly by car insurance agencies. If your teen drives a car with airbags, safety belt alarms, and other safety features, you’ll make your insurance company happy and they’ll lower your monthly premium.
5.) Your insurance policy.
Putting your child on your insurance policy may or may not save you money. So talk to your agent and figure this one out. Some car insurance providers will lower your teens monthly premium if he or she is listed as an occasional driver, or if your teen can take advantage of the multiple car discount. Be careful though because some companies will apply the extra cost of the teen’s risk to each vehicle in your policy, so be sure to ask your specific insurance agent.
Use these great ideas to work with your new driver’s new responsibilities and get the lowest car insurance possible.