How to Lower Teen Driver’s Insurance Premiums
Teenage drivers have the highest insurance premiums of all the types of drivers.
That’s just the way it is, because traffic accident statistics show that teenage drivers have a high risk of being involved in a car crash compared to other motorists.
According to safety experts, there are a lot of factors that make teenage drivers more dangerous than the others which include the following:
• Inexperience or novice set of driving skills
• High risk of drinking and driving
• High risk of speeding and reckless driving
That is why it is understandable that insurance companies charge a high premium on teenage drivers.
However, there are some measures you can take to lower those premiums.
Here are some tips:
Good Grades
Some insurance companies offer discounts for teen drivers who has a high GPA.
Not only is this a marketing scheme to attract more customers but high grades are also a good indicator that the teen will be responsible behind the wheel.
Teen Driver’s Education Class
Another way to show that your teen driver will be responsible once they are behind the wheel is to have them enroll in a defensive driving class.
This will also correct your teen’s dangerous driving habits and veer him away from aggressive driving.
Choose a safe car
The insurance company will charge you a higher premium if your buy your teen a sports car with more horsepower.
More horsepower means more propensities for speeding and higher probability of car accident.
Buy your teen a simple sedan so that not only are you saving on insurance premiums, you are also keeping your teen safe.
Check theft rate of car
The National Insurance Crime Bureau has a list of the most stolen cars in the country in their website.
Usually, sports and luxury cars are the ones that are included in the list.
You should avoid these vehicles as they have high insurance premiums.
Cover teen under your car accident insurance policy
Insure your teen under your existing car accident insurance policy to save on premium costs.
In fact, some car accident insurance providers even provide discounts for parents who enroll multiple cars in their company.
Remove collision coverage
This only applies for teens who own an old car or those that are considered clunker cars.
The cost of buying a new car and paying for monthly insurance premiums for collision coverage may not be that far off.
That’s just the way it is, because traffic accident statistics show that teenage drivers have a high risk of being involved in a car crash compared to other motorists.
According to safety experts, there are a lot of factors that make teenage drivers more dangerous than the others which include the following:
• Inexperience or novice set of driving skills
• High risk of drinking and driving
• High risk of speeding and reckless driving
That is why it is understandable that insurance companies charge a high premium on teenage drivers.
However, there are some measures you can take to lower those premiums.
Here are some tips:
Good Grades
Some insurance companies offer discounts for teen drivers who has a high GPA.
Not only is this a marketing scheme to attract more customers but high grades are also a good indicator that the teen will be responsible behind the wheel.
Teen Driver’s Education Class
Another way to show that your teen driver will be responsible once they are behind the wheel is to have them enroll in a defensive driving class.
This will also correct your teen’s dangerous driving habits and veer him away from aggressive driving.
Choose a safe car
The insurance company will charge you a higher premium if your buy your teen a sports car with more horsepower.
More horsepower means more propensities for speeding and higher probability of car accident.
Buy your teen a simple sedan so that not only are you saving on insurance premiums, you are also keeping your teen safe.
Check theft rate of car
The National Insurance Crime Bureau has a list of the most stolen cars in the country in their website.
Usually, sports and luxury cars are the ones that are included in the list.
You should avoid these vehicles as they have high insurance premiums.
Cover teen under your car accident insurance policy
Insure your teen under your existing car accident insurance policy to save on premium costs.
In fact, some car accident insurance providers even provide discounts for parents who enroll multiple cars in their company.
Remove collision coverage
This only applies for teens who own an old car or those that are considered clunker cars.
The cost of buying a new car and paying for monthly insurance premiums for collision coverage may not be that far off.
Labels: traffic accident statistics
posted by Mesriani Law at
11:46 AM
2 Comments:
"Teenage drivers have the highest insurance premiums of all the types of drivers."
Because they are the most dangerous drivers rather than adult or senior drivers. Taking Teen driver education may help teenagers to lower their insurance premiums.
By
Florida Drug And Alcohol Test Course, At
October 15, 2010 at 4:30 AM
offering insurance for teens driving is safe, as per the survey most accidents are caused by teens behind wheel program has to me most advantage
By
Georgia Drivers Ed, At
January 16, 2011 at 11:39 PM
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