Does the thought of putting your teenager on your car insurance policy make you cringe? It is no secret that a driver’s age plays an important role in an car insurance quote. According to Bankrate, adding just one teenage driver to your insurance policy can cause your premiums to double. However, there may be ways you can avoid breaking the bank. In fact, there are many common car insurance discounts that can lower the cost of a parent’s premiums and leave your wallet a little fuller each month. Continue reading to learn more about coverage discounts that make car insurance quotes more affordable with a teen driver.
Good Student Discounts
Teenage drivers may be at higher risk of be involved in an accident, but that does not mean that all of them should be placed within the same risk group. After all, many teenagers are cautious drivers and deserve lower rates. That is why most insurers offer discounts on car insurance quotes when a teenage driver maintains good grades in high school or college. Keep in mind that young drivers who are in college typically need to be in school full time to qualify for a good student discount.
Safe Driver Discounts
Just 14 percent of the total U.S. population is between the ages of 15 – 24. Unfortunately, the Centers for Disease Control reports that this age group is disproportionately responsible for between 28 – 30 percent of the total cost of motor vehicle injuries. It is not uncommon for insurance companies to provide discounts to safe drivers with blemish-free driving records. In addition to avoiding fender benders and other accidents, talk with your agent to find out if the use of driver safety technology can help lower your premiums. This technology evaluates your teen’s driving habits, which help insurers better determine the driver’s risk.
Safety Course Discounts
It is common practice to offer auto insurance premium discounts to drivers who take voluntary driver safety courses that teach defensive driving practices. Safety courses can improve an inexperienced driver’s skills and also help reduce a teen’s risk of an accident. Safety course discounts vary among insurers and from state to state, so speak with your agent for more information.
Other Tips for Lowering Teen Car Insurance Premiums
In addition to taking advantage of the various discounts offered by many insurers, there are other steps you can take to help lower the cost of adding a teen to your policy. Consider, for example, the type of vehicle you purchase for your teen. Sedans that are a few years old tend to be more affordable to insure than a brand new sports car. Furthermore, many of today’s gently used vehicles come with standard safety features like anti-lock brakes and anti-theft car alarm systems that can help reduce the cost of premiums.
Other ways of saving cash and achieving lower car insurance quotes with a teen driver include raising your policy deductible and placing multiple vehicles on the same policy for a multi-vehicle discount. You may even qualify for a multi-policy discount if you insure your home or other assets with the same company. Also, be sure to let your insurer know if your student moves away to college and leaves his or her vehicle parked at home. It may be possible to lower your insurance costs for parked vehicles that are temporarily out of commission.
Remember, it pays to explore car insurance quotes with an independent agent. If you live in or around the Waukesha, WI area, consider speaking with one of the helpful team members here at Couri Insurance Agency for more information about saving money with a teen driver on your policy. We look forward to serving you soon.