If you are like me and have teenagers at home that are starting to drive, you are probably looking for affordable young driver insurance. Don’t be shocked when you first get quoted for adding your teen to your policy. And don’t despair! Keep reading this article to get some great tips on how to lower your car insurance for the first-time driver in your family.

To explain a little bit about why young driver car insurance costs so much, put yourself in the insurance company’s shoes. Teenagers are the highest risk group of drivers to insure. Insurance companies get nervous about the statistics referring to teenage drivers. So, they charge a lot more for premiums depending on the age and other factors.

Within the teen driver group, males, according to recent statistics, between the age of 16 and 17 years old happen to be more prone (than females of the same age) to getting into accidents and having more serious traffic violations.

And you can probably figure out that the boys end up paying more for car insurance premiums than the girls.

Not a pleasant thought, but something you should definitely be aware of: first-time and young drivers that are between 16- and 17-years old are three times MORE likely to get into a car crash or accident that those drivers between the ages of 25 and 64.

We all want to protect our teens from the worst case scenarios. And really that is also the intent of insurance companies, believe it or not. To be armed with as much information as possible is what will help you determine the best policy for your needs and those of your young driver.

By now, you probably realize that finding low cost insurance for a young driver isn’t going to be easy. But don’t give up. Below are some great ideas for you to minimize the cost for car insurance for your teenager.

Is your teen already driving? What kind of car do they drive? If it’s an older car (meaning not a snazzy sports car), your teenager could possible lower the rates for insurance by purchasing their own policy in their own name.

Another good tip is to classify your young driver as an “occasional” driver instead of a “primary” driver - especially if you put your teenager on the family car insurance policy.

In some states, this tip is mandatory, but if your state does not require it, make sure your young driver takes a defensive driving course or some kind of driver’s ed. This course completed will definitely help you obtain reduced rates on the premium.

If you are buying a car for your teenager, make it a low-performance auto or sedan. This will help your insurance carrier determine a lower price than if your young driver is ripping up the streets (let’s hope not!) in a flashy sports car or high-performance vehicle like an SUV.

You can get good rates for young driver car insurance if your teen is a good student. Many companies will award lower rates if you can prove that your child gets A’s and B’s in school.

Understand and implement these tips for getting the best rate possible for young driver insurance and you will most likely find the right policy to cover your teen and fit your financial needs as well.

Share This