Reader’s Question:
I would like to know how I can save on my car insurance. I am only 17 and I want to get my own policy.
Jenny
Colorado Springs, CO
According to Insurance Institute for Highway Safety, accidents are more likely to happen for drivers around the age of 16-19. This makes premium for youngsters to be higher in rate. The insurance policy chosen for your teenager should not only save you money but also lessen load accompanied by the risks of driving.
Here are some of the tips to help parents and teens get affordable car insurance for young drivers
- Buy practical cars for your youngsters. Teenagers are very susceptible to taking risks, more so with driving. It is then advisable to buy them less costly safety cars, which in return, gives you a more practical auto insurance required, as compared to when you’re getting a fancy, expensive cars. This also serves as a practice vehicle for them when they’re just about to hit the road.
- Orient your teenagers of traffic rules and smart ways of ensuring they abide by it. First tries will going to be difficult most especially for teenagers. It is important to train them of traffic regulations and educate them of corresponding consequences for violating specific rule. Create possible scenarios and obstacles they would encounter and teach them how to handle it. Also explain how his/her ability to drive would affect his/her auto insurance rates.
- Sit in the passenger’s seat on your teenager’s first few drives to guide him/her through the do’s and don’ts of driving. The actual feel of being on the road would make a big difference and it’s imperative to compose patience and calmness on your teenager especially in handling stressful scenarios. Give positive feedback to gain confidence they would need in driving.
- Get car insurance quotes from several car insurance companies. Find an insurer that is reliable and has a good customer service.
- It is much better to add the teen to parents policy rather than getting a separate policy for the teens. It is much cheaper that way.
- If a teen has a grade point average of B or higher, he/she can get car insurance discount.