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5 Ways to Reduce Your Teen Drivers' Car Insurance Costs

  Reducing the cost of car insurance for teenage drivers

We all remember the urgency of excitement when we finally got our driver's license, and now your teenager is about to enjoy the freedom to have his! Your child is probably so happy to no longer rely on you driving them to training or to their friends' houses, but they should also know that it will be a big responsibility to become a new driver – and extra costs.

According to the CDC, teenage drivers represent 6.5 percent of the US population and about $ 1

3.1 billion – almost 8 percent – of the total cost of personal injury. Younger drivers are usually more expensive to insure because they do not have a solid driving record and less experience, which leads to more accidents than experienced drivers. Adding a teenager to your car insurance can be expensive, but there are several ways to minimize the financial ability of a young driver.

Complete Driver Training

Before your teen takes the driving test, have them complete both classroom and road training. Parents with teenage drivers who have completed a driver training program see an average saving of $ 170- $ 240 on auto coverage. The discounts they receive are well worth the time in the classroom, and your teen will gain more experience behind the wheel.

Driver training is often available at your teenage school, and many community programs also offer driver training. In addition, some insurance companies may offer discounts of up to 10 percent for students with good grades. Ask your car insurance provider if your teen qualifies for a good student discount.

Creating Driving Rules

Before allowing your teen on the road, talk to them about the expectations of driving. Some guidelines that you can introduce may include:

  • Rules on where and when they can drive the car
  • Rules for the use of seat belts for all passengers
  • Restrictions on mobile phone use behind the wheel
  • Requirements to maintain a good position in school
  • Limit the number of passengers in the vehicle

To get started or for inspiration, ask our experts for the Keller-Brown "Family Auto Use / Rules Agreement", which you can use as a basis for your teen's driving guidelines.

Maintaining a Safe Driving Record

As your teen prepares to get behind the wheel, they should know how driving now may affect their car insurance in the future. An accident on a teenage driving record can make them a risk taker and raise their insurance premium by an average of 30 percent. Teenagers are generally most affected by premium increases, but even the most experienced drivers will pay more for car insurance due to accidents, tickets and more. Having a secure driving record reduces the chance of paying more for coverage.

Save money by collecting

Most providers recognize that customers need more than one specific coverage line, and bundling makes it cheaper to insure multiple types of insurance. Bundling, also known as a multi-policy discount, is when you buy several types of coverage such as car, home or life from the same insurance provider.

When it's time to insure your teen as a driver, consider bundling their car with your existing coverage. You can see significant savings to offset the cost of adding car insurance for your teen.

If you are interested in collecting your insurance, contact your agent now and see how much you can save!

Buy coverage In advance

Take your time and do your homework. You may qualify for lower prices even before adding a new driver to your car insurance.

In addition, it is often cheaper to add your teen to an existing car insurance policy rather than a brand new policy. There are several ways to add your teen to existing policies:

  • Add your teen to your policy if they live in your household and the vehicle has the title for you or if it has a title for a parent and child. With title, carriers can add the new driver to an existing policy to keep prices lower than to insure the new driver and their car on a separate policy.
  • Add your teenager to the policy of the vehicle they are going to drive.
  • If their parents are separated, add your teen to the policy of the parent they live with most of the time.

Remember that when you buy an extra car, older model vehicles become cheaper to find automatic coverage. for compared to newer models.

We are here to help

Putting your teen on the road for the first time can be daunting, but there are many options to minimize the impact of adding your teen to your car insurance. If you are in the market for car insurance for your teenager, Keller-Brown Insurance Services can shop for you! As independent insurance agents, our car experts can save time and make the process as smooth as possible.

Do you know anyone with a young driver? Refer them to Keller-Brown Insurance through our "New Driver Referral Program" so everyone can benefit from it! You can get a $ 10 gift card for each new customer referred – just let them mention your name when talking to one of our agents or submit a coverage application.

If you have any questions, contact Keller-Brown Insurance Services today by visiting www.keller-brown.com/contactus or calling (717) 235-6891.

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