If your teenager recently got a driver's license, you may be thinking about adding him or her to your auto insurance policy. However, you know that insurance companies typically charge more money to insure young drivers. They believe teen drivers are a greater risk because they are inexperienced, more likely to speed, and more likely to drive distracted. However, you can still take steps to lower your rates.
Here are a few different ways to save money with teen driver discounts.
Sign Your Teen Up for a Safe Driving Course
Teens are more likely to get into accidents than more experienced drivers. Insurance companies can raise their insurance rates substantially if they get into an accident. One way to reduce your teen's insurance rates is to enroll him or her in a safe driving course. During this course, he or she will learn how to drive responsibly and safely. Once your teen completes the course, your insurance company may offer a discount.
Ask About a Low-Mileage Discount
If your teen drives very few miles every year, you may want to ask your insurance company about a low-mileage discount. After all, the fewer miles your teen drives, the less likely he or she is to get into a car accident.
Get a Good Student Discount
Does your teen get good grades? If so, you may be able to take advantage of your auto insurance company's good student discount. Many insurance companies offer discounts for students who have at least a B average.
Purchase the Right Vehicle
If you plan to buy your teen his or her own vehicle, you should choose wisely. Although your teen may like to drive around in a sports car, this type of vehicle can increase auto insurance rates. If you choose a modest sedan with safety features, you can lower your car insurance rates.
Track Your Teen's Driving Habits
Many insurance companies are offering discounts in which they rate drivers based on their driving habits. If you install a device into your teen's car, it will look at different factors, such as how many miles your teen drives a day and how hard he or she hits the brakes. If the device shows that your teen has good safe driving practices, you could get a discount on your auto insurance.
If you follow these helpful tips, you can obtain some great teen driver discounts and save money. Contact a company like Illinois Insurance Center Inc to learn more.
Share15 January 2021
Ten years ago, I married my best friend in a beautiful, intimate ceremony. My husband and I have been nearly inseparable and we’ve enjoyed this special time in our lives where it has been just the two of us. However, we’re finally ready to have a baby. Because I only work part-time, my husband is the primary financial provider in the family. If something ever happened to him, I wouldn’t be able to instantly support myself and a child. Because my husband worries about an uncertain future, he is considering purchasing a larger life insurance policy. On this blog, I hope you will discover the best types of life insurance policies for young parents to invest in. Enjoy!
