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Car Insurance And Teen Drivers

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					Car Insurance And Teen Drivers


Teenagers, by their nature, are inexperienced and make for more risky drivers. Thus car insurance
companies charge higher premiums to insure teen drivers. In other words, getting car insurance for your
teenage driver is going to be expensive. However, you and your teenager can take steps to control your
insurance costs.

Parents are usually most focused on teaching their teens to drive before thinking about insurance. Yet
you want to make sure your teen is covered before he or she actually starts driving. Here are some tips
to help you get the best insurance value.

1. Get a quote from your current auto insurance company. Then comparison shop with at least two or
three other companies.

2. If you buy your child a car, think about the insurance costs as well as safety. A new sporty vehicle will
cost considerably more to insure than an older, safer used auto. However, you want to make sure that
whatever your teen is driving is safe.

3. If you have multiple vehicles ask your insurance company to list your teenager as the driver on only
one of your vehicles -- preferably the oldest and least expensive one. Insurers will expect that your teen
will only be driving the car he or she is listed on.

4. Good grades can count in the form of good student discounts. Let your teenager know about this.

Even though it may save you money, you probably should not reduce the limits of liability on your
teenage driver. Since they are among the highest risk drivers on the road, you want to make sure you
are financially protected. If they cause an accident, you'll be responsible for the difference between the
limits on the policy and the actual damages.

The best way to save money on car insurance for teenagers is to help them keep a clean, accident-free
driving record. Be a good role model. Talk to them about the dangers of driving while speeding, drinking,
talking on a cell phone and more.




by Scott Lunt

				
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