Do you have a new teenage driver in your home?
If so, you may be weighing your options for teen auto insurance.
The average cost to insure a teenager driver is $2,267. But this can vary widely depending on age, gender, your child’s driving history, and the type of vehicle.
You and your teen may be in a situation where you are being charged thousands of dollars more!
The average cost of insurance for a 16-year-old on their own car insurance policy is $5,473 per year!
It’s important that your child is driving safely and has the coverage they need.
Read on to learn more about how to save money on your teen’s auto insurance!
Consider the Vehicle
When you or your child is considering what vehicle to own, do some insurance research before making that decision.
Vehicles with bigger engines and more horsepower are often far more expensive to insure than more economical vehicles.
For example, a Ford Mustang GT is a sports car with a V-8 engine and lots of horsepowers.
Sure, it’s a dream car for a 16-year-old (and for people of all ages) but it comes at a cost to insure.
Especially when you are looking for teen auto insurance!
If insurance costs are a big concern, consider other vehicle models that are more affordable for your family.
Vehicles like a four-door Honda Civic, Toyota Prius or Mazda 6 are often found to be the most reasonable to insure at that age.
Discount Programs
Many insurance companies offer different driver discount programs that may help lower your teen’s insurance costs.
Does your driver perform really well in school?
Some companies offer a good student discount for having good grades in school.
Other companies may offer incentives for taking a driver safety course or keeping the mileage lower on their vehicle.
Also look into whether or not an insurance company offers a family discount for having multiple vehicles insured with them.
You may find that the cost to insure your family is collectively lower than it would be if you had insurance through multiple companies.
Encourage Safe Driving
Part of how a teen lowers their insurance costs over time is by being a safe driver.
Ride with your teen and observe their driving. What are some ways that they can drive safer?
Do they have a tendency to speed?
By helping your teen keep a clean driving record, this can help them lower their insurance costs faster.
Buying Teen Auto Insurance
Learning how to drive and earning a driver’s license is a rite of passage for many teens across the United States.
But finding the proper automobile insurance coverage and paying for it is too!
At Amistad Insurance Services, we have over two decades of experience in the Raleigh, North Carolina area. We offer 24-hour customer service so that we are there when you need us the most.
Our consultants also work to find your teen the best insurance quotes on the market.
Contact us today to find out more about how we can help you and your teen!
