In the United States, 4 million new teenage drivers hit the road each year. They all require auto insurance. So, exactly how much insurance do teens need? And how can you get the lowest rate possible for him or her?
The thought of having your son or daughter behind the wheel of a car can be scary. This fear is totally natural, and to be honest, you should be a little scared. New drivers, regardless of how long they’ve been practicing, just don’t have the real world experience to drive a vehicle with 100% safety. Heck, most experienced drivers don’t drive as safely as they should. This is why it is so important to make sure you insure your new driver as soon as they get a license. Not only are you protecting yourself from costs of repairing the damage to your car, others’ cars, and medical bills, but you are also insuring the safety of your child, should the get injured, or worse.
Insuring a new driver doesn't have to be all that difficult...
Before receiving their license, it is not required by state law to carry auto insurance. However, as soon as your son or daughter can legally drive alone it is required.
Due to the high risk of a collision with new drivers, the auto insurance companies charge significantly higher to insure these individuals in comparison to insuring yourself. There is a lot you can do to cut costs, while maintaining a high level of coverage, below are the most effective ways to do so.
Insure Them Under Your Current Policy – This is a fast and easy way to lower the costs of insuring your son or daughter. Auto insurance companies will offer a discount for insuring multiple people and vehicles under the same plan.
Good Grades – Getting good grades (B average or higher) will typically qualify a student to receive added discounts. Making them pay the difference until they get their grades up is also a great way to encourage them to study harder.
Get Multiple Quotes – Car insurance costs are constantly changing. Many are surprised to discover that they could have been paying less for auto insurance all along. Our quote tool allows you to get a variety of quotes from different companies to ensure you are getting the best deal available.
Encourage Safe Driving – Auto insurance premiums will drop dramatically as your son or daughter reach critical ages. Assuming they have a good driving record these discounts are increased. Additionally, signing them up for a driver improvement or new driver training course can help you score points with your insurance company.
Choose a Safe Car – Many parents make the mistake of putting their teenager behind the wheel behind an expensive and/or fast car. Such cars are extremely expensive to insure, especially with such a limited driving record. Choose a safe car for your child, with all the available safety features. You can also just insure them to use you car, greatly reducing their time behind the wheel and your premiums.
