Insurance Rates For Teenagers
For the average American teenager, turning 16 brings one of the biggest milestones of their young lives: a driver’s license. For the average American parent, this is a much more anxious time period. Not only is their child being let loose on the road with all manner of potential pitfalls, hazards, tickets, and car accidents awaiting them, but parents must also deal with potentially higher auto insurance rates because of their teenagers.
Instead of taking a passive approach to car insurance, MyCarInsuranceRates.com suggests parents find and compare car insurance rates for teenagers by getting online quotes, and buy from the best, cheap car insurance company they can find.
Why Teenagers Have Higher Insurance Rates
Auto insurance rates are the most expensive for drivers between the ages of 16 and 25. The reasoning behind this is based on very solid statistics proving that young drivers are frequently the “worst” or “high risk” drivers. Teens, students, and young drivers have little driving experience, make impulsive, rash, or reckless decisions, and are easily distracted. They also tend to be rebellious and not fully understand the consequences of their actions. This is why most teens will generally pay higher car insurance premiums, and the majority of young drivers are on their parents’ car insurance policies, so parents must learn how to find lower rates.
Sobering Statistics For Teen Drivers
Safety is the primary concern for insurance companies and parents alike regarding teenage drivers. The National Safety Council says that teenagers are statistically more than three times likely to be killed in an accident than older drivers. They are also more likely to be injured or cause injury or death to others, receive traffic citations, tickets and drive recklessly, so encouraging safe and sober driving is paramount.
Many auto insurance companies have safety driving programs or driver’s education focused on teaching teenage and young drivers about safe and defensive driving. Participation in these or state-sponsored programs can earn car insurance discounts.
Cheaper Car Insurance For Teenagers
One way to help prevent accidents is educating teenagers about the dangers of driving while using a mobile device or cell phone. “Driving while distracted” has become a real legal issue that causes thousands of accidents every year in this age group. Signing a “No Driving While Distracted” pledge can earn the teen lower rates from car insurance companies.
In addition, parents should also buy old, reliable, and cheap vehicles with lots of safety features, good accident performance reviews and low-theft profiles to make their insurance policy as cheap as possible. Limiting all teen driving to daylight hours and only to and from school or work can help, too. Learn more about Car Insurance For Teenagers.
Cheap Student Car Insurance
Although it’s impossible to remove the age bias altogether, a teen or student driver can do things to prove themselves to auto insurance companies. One of the best methods is to get good grades in school. Getting a B average or higher or being on the academic honor roll will frequently earn a premium discount of at least 5%, on average.
When good grades are combined with taking safe/defensive driving courses and attending driving school, another 5-15% could be discounted from car insurance rates. Insurers want to see a sense of responsibility from teenagers, students, and young drivers so their behavior in school and on the road counts.
Compare Teenage Insurance Rates
Parents of teen drivers have to shop around for the best auto insurance rates. Although parents should start the search with their current insurance company, the National Insurance Institute recommends checking prices every 6 months or so to determine whether rates have changed and if a cheaper rate is available.
Switching to a new car insurance company and bundling policies can have big financial benefits in the form of new-customer or introductory discounts. Bundling an auto policy with other types of insurance, such as life insurance, can also bring significant discounts and savings.
Getting lower rates for your teen is possible by making sure teen drivers act responsibly in school and behind the wheel, drive safe vehicles and ask about possible discounts. Auto insurance is a cutthroat industry with hundreds of players vying for your business. With this in mind, getting an affordable auto insurance policy is made easier by comparing companies online.
Car Insurance Quotes
By entering your 5-digit zip code, MyCarInsuranceRates.com offers consumers the ability to shop and compare car insurance quotes online from the best auto insurance companies in the country, like Nationwide, Allstate, GEICO, Progressive, 21st Century Insurance, Liberty Mutual, State Farm, Farmers, AAA, and AARP, helping our users find the best, cheap auto insurance available in the market.
Enter your zip code to begin a car insurance quote now and find cheap insurance rates for teenagers.
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