Auto Insurance for Teens Most teens can not wait until they learn how to drive, get their license and hit the open road. unfortunately, finding car insurance can prove to be crafty. Having been in this position themselves, every driver can understand the challenges of finding the right car insurance – but the challenges can be compounded for young drivers. Since adolescent drivers are three times more likely to have an car accident, the rates – at least initially – can be identical expensive. however, there are ways to keep young driver policy costs lower, such as adding them to an existing policy, seeking out discounts they qualify for and teaching them safe driving habits that will finally lead to cost savings.

Car insurance policies for young drivers

No matter what state you live in, having young driver indemnity coverage is a must. Teens necessitate to realize that it ‘s a part of the province of owning or driving a fomite ; it’s not an option to go without car insurance. Most insurance companies have special car insurance for youthful drivers. It ‘s important to learn what the policies entail, including coverage limits. Some parents add extra coverage when they seek car indemnity for teens as a precaution.

When should I consider purchasing auto insurance for my teen?

Boy driver smiling behind the wheel Purchasing car policy for teens typically occurs after they pass a driving test and get their licenses. Before obtaining a driver’s license, young drivers with a learner ‘s let should besides be covered under an car policy. Most car policies will cover teens with a apprentice ‘s permit that are driving the car of an pornographic in the same family, but it ‘s never a bad theme to confirm coverage with your car indemnity supplier.

Most indemnity agencies will require accredited drivers — even teens — living in the same family to be covered. Younger drivers are typically added to their parent ‘s policy as it ‘s normally more low-cost. The insurance laws do vary from state to state, so it’s always a commodity mind to speak to your agent about youthful driver indemnity as your child approaches driving senesce.

Teen driver insurance providers

about all insurance companies can underwrite a car indemnity policy for teens even though many raw drivers end up on their parent ‘s policy arsenic soon as they get their driver ‘s license.

however, for new drivers who are shopping for their own car policy, it ‘s a commodity idea to inquiry the companies that are within your coverage area.

once you ‘ve narrowed down your selections, it ‘s time to consider the factors that go into making a final decision on what constitutes the best young driver policy for you.

Factors to consider when choosing an insurance provider

  • Price – this is probably the single most important
    factor that teen drivers or their parents consider, and for good
    reason. As
    younger drivers are generally inexperienced, auto insurance rates for teens are often higher than those of an
    established driver. For this reason, it’s advisable to shop around
    for the best price, but don’t rely on this factor alone.
  • Coverage – another important factor when
    considering a young driver insurance policy is the amount of
    coverage provided. There is no one-size-fits-all policy;
    the factors that influence the decision of how much coverage should
    be purchased differ from person to person. Some drivers only need
    collision coverage while others will need a comprehensive policy.
    However, for younger drivers, it is advisable to have a higher level
    of coverage, even if they drive a car that has already been paid for
    in full. Look for higher deductibles on car
    insurance for teens as that often lowers the monthly rate.
  • Customer service – not all auto insurance companies
    are created equal. Some are well touted for their attention to
    detail and excellent customer service skills, especially when
    handling car insurance for young drivers. It’s important to research
    companies and individual agents, to see what others have experienced
    when dealing with a claim or policy change request.
  • Discount programs – everyone loves to save money,
    and teens and their parents are no exception. When shopping for
    young driver insurance, ask your agent about any qualifying
    discounts that may be available. These can help drop the rates, in
    some cases significantly.

The cost of insuring young drivers

There are several considerations that go into the monetary value of insuring new drivers. The total of driving have, the type of license they have, and the make and model of their vehicle are three things at which indemnity companies look. typically, a longer tug history and clean criminal record will lower rates. Most young drivers operate with a license to drive personal vehicles, but drivers with a license to operate larger vehicles such as busses and trucks with dense towing capabilities may pay higher premiums for policy as their vehicles and towed items may cost more to cover. Newer cars can besides increase the cost of insurance because of the greater value of the vehicle compared to older models. Young girl standing in front of new car holding a key

  • Adding to an existing policy – Parents who opt to
    add their young drivers onto their existing policy will see an
    increase in their overall insurance premium. However, it’s easier
    for new, inexperienced drivers to become insured this way. The young
    driver insurance policy cost won’t increase as much if the child is
    driving mom or dad’s car. If they are driving their own vehicle, the
    existing rate could increase by a few hundred dollars a month.
  • Opening a new policy – Opening a new car insurance
    policy for teens isn’t often recommended because of the high cost.
    Insurance companies consider these young drivers a higher risk and
    as such, it’s not uncommon for an auto insurance policy for teens to
    cost upwards of a thousand dollars per year. Many teens can’t afford
    these rates, even if they are working full time. It’s not impossible
    to find affordable car insurance for teens, especially if the
    vehicle being driven is older and doesn’t require comprehensive

Saving on teen auto insurance

As with any young driver insurance policy, there are ways for teens to reduce their rates. Let’s look at a few unlike ways to lower that circular.

  • Student discounts for good grades – insurance
    companies like to reward teens who show responsibility and keep up
    their grades. These discounts are typically offered to young drivers
    between the ages of 16 and 24, though some insurance agencies may
    have other ranges. While the grade requirement may vary between
    providers, a common qualification for a good student discount is to
    maintain a B average in high school or college, with proof of
    grades. The amount or percentage discounted on car insurance for
    young drivers varies per agency, but it’s worth making an inquiry.
  • Loyalty discounts – loyalty discounts come as teens
    and young drivers maintain their policies with a specific agency or
    agent. The longer they keep a policy with the company and keep their
    account in good standing, typically the better the discount.
  • Safe driver discounts – driving safely is a must
    and insurance companies measure this by looking at the number of
    traffic violation tickets and accidents a driver has. Even
    teens can qualify for safe driver discounts on their
    insurance policy if they maintain an impeccable record. Some
    agencies even offer a tracker to reduce rates. You simply install it
    in the car and the tracker monitors the driver’s habits. Discounts
    can be offered to those who follow the speed limits and traffic

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