Getting their license is the first big milestone for teenagers. Yet it can be a time of panic for most parents.
Not only do you start to worry about the safety of your teenage driver, but now you have to start thinking about their driver insurance, as well. Rest assured, here are some tips on how to lower the cost of insurance for teens.
Lower Driver Insurance with Good Grades
A little-known fact about getting driving discounts on insurance is that your teen can study their way to lower payments.
The discount can sometimes get you 25 percent off your teen’s insurance if:
- Their grades average a B or higher
- They are on Dean’s list
- Are on the honor roll
This can also count for college student’s under the age of twenty-five, and the discount amount varies by state.
How to Lower Teen Car Insurance with Drivers Ed
Not only can drivers education help reduce your teen’s risk of an accident by 50 percent, but can also help you save money.
Most insurance companies will provide you with a discount once your teen has provided proof of their passed driving test. Even if your state doesn’t require driver’s ed, it’s still a great way for teens to learn safety.
Older Car Model Equals Lower Payments
I know your teen will hate this part, but we all know a brand new sports car is going jack up the price of drivers insurance.
Buying your new driver something sturdy and less flashy can save you some bucks. However, talking to your agent is a good idea because they might have some tips.
Technology and features that come with newer models can sometimes help make your payments lower and speaking with an insurance agent before you buy can help you figure out which option is right for you.
Family Policy
Keeping your young driver on the same policy as you is another way to save money on driving insurance.
A lot of insurance companies will provide discounts when there are multiple vehicles placed on the same account. This way, it eliminates the need to multitask on billing, and you get to save more money.
Distance Makes the Insurance Lower
Most insurance providers will offer discounts if students attend school at least 100 miles from home.
The reason for this is because they are temporarily not using the vehicle, so they don’t need the actual coverage, except on occasion. You don’t want to take them off your coverage because they might need it when they come to visit.
Professional Discounts
Lastly, there are some employers who offer discounts based on affiliation with certain insurance providers. It’s always a good idea to ask about these discounts when speaking with an insurance agent.
How We Can Help
Keeping your teen driver safe on the roads should be your top priority. That’s why you should let us worry about all of your driver insurance needs.
Visit our website for more blog posts on how to make insurance more affordable, or call our 24-hour number to get your auto quote, today!
