How To Help Your Teen Driver Save Money On Auto Insurance

Posted on: 10 September 2021

Getting a driver's license is an exciting time for most teenagers. They no longer have to rely on their parents to take them to school, a friend's house, and other places. However, a driver's license comes with extra responsibilities, including paying for auto insurance. Car insurance premiums tend to be higher for teen drivers, but you can take steps to help lower your teen's rates.

Inspire Your Teen to Get Good Grades

Maintaining a good grade point average can offer many benefits for high school students, including getting into a good college and having more career opportunities in the future. It can also help lower auto insurance premiums. That is why you should always motivate your teen to complete homework and study hard. 

Consider Installing a Telematics Device

A telematics device is designed to monitor your driving behaviors. If you want to help your teen driver save money on car insurance, you should think about installing this device in your vehicle. If your teen practices good driving habits, the telematics device will be able to report that to your insurance company.

Choose a Safe Vehicle

Although your teen might dream about cruising around in a sports car, it is not practical. In fact, this kind of vehicle can make your teen's insurance rates go up. To save money on auto insurance, you should select a safer vehicle for your teen that includes features like anti-lock brakes and power steering.

Ask About Drive Break Discounts

If your teen does not drive during certain months of the year, you should let your insurance company know. For example, if your teen is away at college without a car, your insurance company may offer you a discount.

Sign Your Teen Up for a Defensive Driving Course

Teen drivers tend to get charged more for auto insurance because they are not experienced behind the wheel. Another effective way to help your teen save money on premiums is to sign him or her up for a defensive driving course. During this course, your teen will learn how to become a safer driver. After your teen completes the course, your insurance company may decide to lower your auto insurance rates.

There are quite a few ways to help your teen driver save money on auto insurance. If you have additional questions about your auto insurance policy, you should get in touch with your insurance agent as soon as possible.  


Little-known Insurance Tips

While I have had auto insurance ever since I bought my first car at 16 years old and home insurance ever since I bought my first home several years ago, I have to admit that over the years I knew very little about insurance. I tended to just look at the price of the coverage and sign the paperwork without really looking into the pros and cons of each policy. After my friend was in a car accident recently (thankfully, she is okay!) and she said she had to pay for some of the damage to the other vehicle out-of-pocket even though she had a minimum state coverage auto insurance policy, I decided to put a lot of careful research into insurance policies and what they really offer. I want to help others by sharing the information I have learned on a blog. I hope I can help you!