Practice makes perfect, and it takes some time to get the hang of the rules of the road. If you have just gotten your driver’s license or are the parent of a teenager getting ready to get behind the wheel independently, you will quickly realize that insurance companies are somewhat fearful of new drivers.
While rates are typically higher for teenage drivers, there are three easy ways to find the cheapest teenage car insurance.
1. Good Student Discounts
Hard work pays off, and there is a possibility that your auto insurance provider will commend your young driver for achieving good grades in school. The savings can be significant. On typical policies offering this opportunity, a student with a B average can often save up to 15 percent.
2. Preventive Measures
Insurance companies spend thousands of dollars gathering statistics to better understand the risks posed by their customers, and, unfortunately, due to inexperience, teen drivers can make mistakes.
However, these statistics can also mean a chance for savings.
There are preventive measures you can take to avoid having to file a claim that can lower your rate.
For example, many companies will offer a discount if you install an anti-theft device on the vehicle. Furthermore, having your teen take part in a defensive driving course indicates to your auto insurance provider that they pose a lower risk, thus a lower rate.
3. Don’t Be Afraid to Ask
Whether you are searching for new coverage or trying to get a lower rate on what you currently have, never be afraid to ask directly for the cheapest teenage car insurance. The initial quote likely provides coverage for things you may not want, and they often won’t tell you that unless you ask. Keep in mind, however, that while this method can easily result in a lower rate, if an accident does occur, there will be a higher out-of-pocket expense for repairs and compensation.
Getting the Most out of Your Auto Insurance
Auto insurance is important. Accidents can occur at any time and are impossible to predict, and you don’t have to break the bank to get the coverage your teenage driver needs to hit the road with confidence. By following these three simple tips, you can customize a plan that offers the features you feel are relevant to you at a price you can afford, making the most out of your auto insurance.