So your teen is now old enough to drive? While your response as a parent would be that of excitement, you also have other feelings. Apart from safety concerns (we all know that teen driver statistics are far from pleasant), there are also money issues. Add gas costs! As if that wasn’t tough enough, this teen driver could drive up your rate by as much as 200%. Are there tips that can help you pay a lot less. Good a thing, there are several. Let’s take a look at them…

I’ll just reel out a good number of tips before dwelling on just one…

1. It’s a very sensible move to have your teen contribute part of their premium. If you do this, you’ll find that your teen will be more like to take any advice from you that will help them drive down their payments (And such usually keep them safer too).

2. Let them be the secondary driver and preferably on an older car that will do just fine with the state’s minimum.

3. As much as possible, ensure your teen does NOT learn to drive from other kids. If they did learn on their own, let them take a course in defensive driving. Beyond the fact that insurers will reward such with lower rates, your kid would be the safer for it.

4. Encourage your teen to take his/her studies seriously. Good grades will drive down their rate. Insurance companies have the belief that kids who maintain good grades are far less prone to recklessness behind wheels.

5. Kids who drive cars that have high safety ratings pay less on auto insurance.

6. Let them use the public mass transit whenever they can. This reduces their total mileage and, by extension, their premium. And did I point out that you’ll save on gas too?

7. Teens grew up with the internet and so are usually very good at finding their way around it. Let this work to your mutual benefit…

More often than NOT, your teen will more gladly shop for auto insurance quotes from a wide range of insurers. They have more time on their hands and are definitely more comfortable with the internet.

Let them know that you’re looking for the best rate that also gives you the right protection. They’d have to get and compare quotes from five or more quotes sites (Could be a pain for you to do but quite easy for the average teen).

They should make a list of about five of the best quotes returned. You can go through those short listed and make the final decision. If done right, you could save over a thousand in premium dollars by doing this alone.

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