Car insurance quotes are rising every day for many people, and can be
a frustrating bill to pay each month when there are not necessarily any
benefits to see. However, thousands of people are involved in car
accidents every year, and you run the risk of getting into an accident
each time you drive your car. Teenaged drivers are especially at risk
for accidents, and it is imperative that your teenager driver carries adequate insurance coverage in order to be protected.
Since teenaged drivers are statistically the most likely group to be
involved in an accident, they are, unfortunately, the most expensive
group to insure. Many people dread the day they will have to add their
teenager to their policy for this reason. Fortunately, there are a few
things you can do in order to lower the cost so your young driver can be
protected without breaking the bank.
Make Sure All Discounts Are Accounted to your Car Insurance Quotes
One of the easiest ways to save money each month is by finding car
insurance discounts. If you search for car insurance quotes online, most
companies will automatically factor in any discounts you are eligible
for. However, if you know what discounts are available beforehand, you
can see if there are any areas you can work on in order to make yourself
qualify. Additionally, some insurance companies do not advertise all
(or even any) of their discounts online, so it is always a good idea to
give the company a call after you get a quote to make sure all discounts
are accounted for. Some examples of teen specific discounts include
good driver discounts, good student discounts, low mileage discounts,
and living away from home (for school) discounts. Sometimes students can
even get a discount for being a part of certain organizations such as
fraternities. As a family, having all of your cars insured at one
company can get you a "multi-car" discount, as well as combining other
types of insurance for a "multi-policy" discount (health, life, renters,
etc).
Type of Vehicle
In the same way that teenagers are statistically the most likely to
get into an accident, certain cars are also statistically higher risk.
You should take this fact into account when purchasing a vehicle for
your young driver. The make, model, age, and features of the car will
make a difference in the final insurance premium. Sports cars and cars
that are often stolen are going to be the most expensive to insure.
Typically older/used cars will have lower premiums, but having up to
date safety and security equipment can also save you money. Your best
bet is to get a quote for the car you wish to buy before you buy it so
you can make sure it is a reasonable price to insure.
Education
Finally, taking a driver's education class is a great way to help
your teenager be a safer driver and save money on your insurance policy.
These classes often earn you a discount that could be as high as 15%.
Not all classes count, and not all insurance companies accept them, so
it is best to check with your insurance company before enrolling -
although they are still a good idea for young drivers regardless of
insurance savings.
