Getting A Great Rate On Auto Insurance For Your Teen Driver

If you are the parent of a new teen driver, and you are ready to insure them so they can start driving on their own, you may wonder if you are getting the very best rate available when you speak to an insurance agent about purchasing a policy. New drivers often have higher rates as they do not yet have experience in driving, making them a risk for insurance companies. There are however, several ways you can get discounted rates for your teen driver.

Bundle Insurance With Current Policies

If you already have an auto insurance policy of your own, you may find that putting your teen on your plan as an additional driver will be cheaper than having them open a policy of their own. If you have life insurance or homeowner's insurance, sticking with the same company for auto insurance can make the rate a bit lower. Many insurance companies will offer discounts for those who bundle their plans instead of using different companies for each type of insurance. 

Have Your Teen Maintain Exceptional Grades

Some insurance companies offer a discount rate incentive for a teenager who maintains good grades in high school or college. Ask your insurance agent if their company has this type of program and crack down on your child's study habits. Tell them if they are able to maintain an A or B overall average, they will be allotted time to take out the vehicle. When grades plummet, have them turn in their keys until they get their grade point average back up to a level where you are paying less for their insurance.

Use Safety Measures While Driving

There are several ways to increase the safety of your teen's vehicle, which will have an impact on the amount you pay for their insurance. Have them drive a family sedan rather than a powerful sport vehicle. Purchase a vehicle with anti-lock brakes, computerized rear-view monitors or an anti-theft alarm system. These features often reduce the amount you would pay on your insurance. 

Enroll Your Teen In Driving Classes

Have your teenager enroll in a safe driver course. They will most likely take one in high school as part of their required curriculum, but an additional private education course can be beneficial as well. They may find there is more time for on-the-road training and more one-on-one interaction between the teacher and each student. Ask your insurance company if there are particular courses they recommend, and if they will count toward an insurance reduction.

Click here for more information.