FAQ

How To Save on Teenage Car Insurance: What You Need To Know

Car insurance for young, inexperienced drivers isn’t cheap, and for good reason. Teen drivers between the ages of 16 and 19 are more likely to be involved in accidents than any other age group, as stated by Webb Insurance. For parents with teens who are fast approaching driving age, learning how to save on teen car insurance is a must. Many parents benefit from the following ways to save on teen car insurance:

  • discounts on driver training.
  • make sure your teen gets good grades.
  • have a safe car for your teen.
  • In-vehicle telematics installation.
  • looking for policies.
  • teach safe driving habits.
  • looking for student discounts.
  • discounts on driver training

    Because teens have no experience behind the wheel, many insurance companies offer discounts for teens who have completed a driver training program. Whether you enroll your new driver in a driver education program through your high school or one offered through your state, making sure they know what to do when you hit the road can help you save on car insurance.

    Reading: How to save on teenage auto insurance

    A driver training program can also give you peace of mind when handing over the car keys to your teen. Talk to your insurance provider about which driver training programs they offer discounts on, as it can vary from company to company.

    keep good grades

    While encouraging your teen to get good grades can help them get into college and find employment as an adult, it can also help them get a lower rate from their auto insurance company. ramsey solutions tells us that maintaining at least a b-average can help lower the rate you’ll pay when you add a teen driver to your insurance policy.

    If your teen is on the dean’s list or honor roll, please share that information with your insurance provider, as it may also help with lower rates. Until your teen turns 25, getting good grades could earn you a discount ranging from 5 percent to 15 percent, depending on the provider.

    drive a safe car

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    The vehicle you choose for your teen can affect your insurance premium. Certain vehicles, like sports cars, already pose a higher risk to insurance companies. therefore, putting a teenager behind the wheel of a vehicle that the company considers high risk will increase the amount you pay each month for insurance. Many insurance providers consider these vehicles to be the safest options for teens:

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