How To Reduce The Insurance Costs For Your Teen Driver
Teens and car insurance can be a costly combo for your finances. Adding a teenager to your car insurance policy can cause your premiums to increase dramatically. Teen driver accidents are disproportionately high. Automobile crashes are the leading cause of death among Americans ages 15 to 19, according to the Centers for Disease Control and Prevention (CDC). Insurance companies charge higher premiums for teens than for any other group of drivers. Still there are ways to lower the costs. Check our tips on how to reduce the insurance costs for your teen driver and visit our website for free quotes on car insurance.
Advise your kid to study hard and get better grades. It’s common for car insurance companies to offer discounts when teens hit the books and earn top grades. For example, at Allstate, drivers younger than 25 can earn a good student discount of up to 20 percent. The student must have achieved at least one of the following in the most recent quarter or semester:
- B average or higher for all subjects combined.
- Inclusion on dean’s list or honor roll.
- A ranking in the upper 20 percent on one of six standardized tests.
Also, you can enroll the teen in a defensive driving course. Numerous carriers now promote driver safety courses as a way to teach young, inexperienced drivers the rules of the road. They provide teen driver discounts for those who attend approved courses. Furthermore, these courses will help them not to lose some license points for the first traffic violation, unless it’s a major violation.
You can use distant student discounts. If you have teens attending a school far away from home — typically, at least 100 miles — some insurers offer a discount for temporarily removing them from your policy.
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