Insuring a Teen Driver

Recent statistics conclude that 18-year olds get into accidents more often than drivers between the age of 30 and 60. No wonder car insurance premiums are so high for this age group. However, not all car insurance companies take the same dim view of young drivers. Some discounts are available to help you cut costs when insuring a young driver. Remember, the higher the risk, the higher the cost of insurance premiums. Let this be your guiding principle as you shop for your teen’s car insurance.

Help your teen learn the laws and follow them to the letter. By far, the best way to lower car insurance costs for teens is for them to keep their driving record clean. Make safe driving a family project. In some states, restrictions apply to new drivers. Parents should know what the laws are and insist that their sons and daughters follow them.

Set a good example. Do you break the speed limit and tailgate? Do you yell at other drivers when you’re behind the wheel? If you do these things, how can you expect your children to act differently? Start watching your own driving long before they get their license and you’ll have a much easier time convincing them to be safe drivers. Remember, actions speak louder than words.

Put your teenager on your policy. Rather than setting up an independent policy for your teen driver, put them on your auto insurance policy as an additional driver. In this way, all the discounts applied to your policies will be passed on to them.

Pay your teenager to get good grades. Here’s a creative tip — find out if your teenager gets a good grade at school and then pay for his/her car insurance. Figure out how well your teenager performance and add more money to the car’s insurance policy. This accomplishes two things. First, it provides a direct reward for academic performance. Secondly, it motivates them to continue getting good grades.

Enrol them in driver education courses. Discounts are available for teens who take recognized driving classes such as professional driving courses. Call your car insurance company to find out which schools are recognized before paying for the insurance.

Get their support. Don’t assume that your teenager wants to vacuum clean your wallet. Ask them for help cutting costs and point out that you will share in the savings. Tell them how much car insurance costs and show them how this fits into the family budget. If nothing else, you will score points for treating them as adults.

Talk to your kids about drugs and alcohol. This is a tough subject to bring up with teenagers, who think they have everything under control. But the consequences of saying nothing can be catastrophic. Take the time to lay down some guidelines in this important area.

Ride with your teenager. Your teenager was a safe driver last year when he or she got a license. But what’s happened since then? Let your son or daughter take the wheel while you sit back and relax in the passenger seat. If you see them doing something that breaks rules or seems unsafe, point this out in a diplomatic way. If they are doing a good job driving, praise them for their efforts.

Have a safe and trouble free motoring week ahead.

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