Finally, your children have reached the age where you’ve got a new driver in your household, which means you most likely need new auto insurance for your teen added to your current policy. This can be a very stressful situation for a lot of parents because teenage drivers are the highest cost to insure and it’s difficult to find cheap auto insurance for this type of new driver. Difficult as it may seem, it’s definitely not impossible. Here’s why it’s difficult to get cheap auto insurance for teenagers and how you can find the best deal.
Insuring teens is risky
The “just turned sixteen” driver is definitely inexperienced and auto insurance companies look at the risk factors and charge for the insurance policies based on the amount of risk involved. There are many reasons why an insurance company rarely provides cheap auto insurance for teenagers. Some of them could be that many teens first driving:
– Can be distracted by music, cell phones and other electronic equipment
– Are inexperienced drivers
– Get stressed more easily and don’t know how to drive in difficult driving situations
– Enjoy speeding and taking chances in unfamiliar situations
What to do to get cheap auto insurance for your teen
The best and easiest way to get cheap insurance for your teen is to keep his driving record clean. Teach him to drive safe, follow traffic rules and how to maintain a safe driving record. This will not just help him get cheap auto insurance but it’ll make him a safe driver. Additionally, automobile insurance companies use credit based factors to augment their pricing so some parents enjoy the dual benefits of helping their teen drivers establish credit. This will help establish good credit habits and may allow for lower priced insurance even for inexperienced teen drivers.
How to find out cheap car insurance for your teen
To get the best possible automobile insurance quotes, it is important to search and compare various auto insurance companies online. This is the easiest and the best way to get a reasonably priced insurance policy. Always take the time to receive and compare multiple car insurance quotes and let each company know you’re on a quest to find cheap car insurance that provides the greatest coverage.
If your teen is a good student and has a clear driving record, he may qualify for a good student discount. Check if your insurance company offers lower car insurance rates for excellent grades. He can also get more discounts for taking driver’ education safety courses like defensive driving or being a member of certain committees or organizations. You must ask that all available discounts be applied to your account while buying a policy.
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