How to Save On Teen Auto Insurance Policy

Teenage drivers are typically labelled as the more aggressive types, what with the rush of adrenaline experienced in finally getting behind the wheel. But a brand new driver’s license is not enough to let a 16-year old loose on the streets! In most cases, driving without auto insurance is unlawful and could fetch you a lot of trouble.

The calculations for auto insurance rates for teens are backed by statistics - including how many times you are most likely to get into an accident. Teenagers between ages 16 to 19 are definitely more prone to mishap than an adult, and the risk of a crash per mile driven is in fact, three times higher.

So how can you make the auto insurance policy become more affordable without actually depriving your teen of valuable insurance coverage?

Below are some of the tips on how to save on your teen’s auto insurance policy:

Include the teenager in your auto insurance policy.
Instead of getting a separate insurance, the teenager can simply be added on to the parents’ policy. This is extremely helpful especially when the teen has not been given a professional driver’s license yet as most insurance companies would not require an additional premium.

Good grades can be your ticket to cheap teen auto insurance.
Good grades can be your ticket to cheap teen auto insurance. Affordable insurance companies offer generous discounts for teen auto insurance premiums when the child has regularly maintained a B average standing at school. In this instance, your teen’s educational record will hold some real great value!

Enrol your child in a formal driving school.
When the auto insurance company makes the assessment of the premium rates, having a credible document from an accredited institution can favourably result in getting a 10% discount or more. Graduated Driver Licensing Law requires a teen to have at least 50 hours of driving experience accompanied by a professional driver which is equivalent to a formal training course in a driving school.

Caution your teen on the seriousness of penalties.
Getting a citation because of prohibited practices such as drunk driving will tarnish his record. As a result, you will be facing possible non-renewal, cancellation or increase in the premiums.

Choose a safe vehicle.
Although there is no clear-cut definition of a “safe” vehicle, auto insurance companies check on the availability of automatic seatbelts and airbags. Having this kind of protection may land you some discounts on the premium.

Enrol your vehicle in an insurance safety program.
Because of the increasing rate of teens getting involved in auto accidents, some auto insurance companies have come up with technological advancements such as the GPS (Global Positioning System) which tracks down the location of the vehicle and the speed it is running. Other insurance companies will install cameras inside the vehicle to monitor driver behaviour.