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How to Lower the Cost of Insuring Your Teen Driver


Aug 11, 2023

How to Lower the Cost of Insuring Your Teen Driver

For some parents, it is a day of day their teenager is allowed to get behind the wheel by themselves for the first time. Much has been made of this milestone in popular culture, from comedy movies, to sobering dramas, and news broadcasts reporting about the dangers of teens behind the wheel. Because of such reports and the very real statistics behind teenage auto accidents, the cost of insuring a teenage driver is often extremely high.

Studies show that teenage drivers are four times as likely to be involved in an auto accident than more experienced drivers. In 2005 alone, there were more than 4,500 traffic fatalities involving teenagers. The studies show that inexperience behind the wheel, reckless behavior, and failure to obey the rules of the road often contribute to serious accidents caused by teen drivers.

Parents can take heart in knowing that proper driver’s safety courses and a watchful eye on their teen’s driving habits can help keep them out of trouble. By emphasizing safe driving techniques, awareness behind the wheel, and personal responsibility, you can help ensure your teenager will be safe behind the wheel.

When it comes to finding auto insurance coverage for your young driver, parents have a few options for finding the lowest rate possible. The following are a few suggestions for finding affordable auto insurance for young drivers in your household:

Take advantage of comparison shopping. By consulting different auto insurance companies, you can find the lowest rates available.

Look for “package deals”. Some auto insurance companies offer family packages or bundled policies that allow for teenage drivers to be included on their parents’ policy. This can often reduce the cost of insuring the young driver, especially if the parents have good driving records.

Choose a safe vehicle. Auto insurance is typically higher for teenagers across the board, but may be even more expensive if the driver is given access to a sports car or performance vehicle. Vehicles that are considered to be sporty may pose a higher-risk of reckless behavior. To reduce the costs of insurance, provide your teen with a safe, reliable, and understated mode of transportation.

Many companies offer “good student discounts” for teens who maintain good grades in school. While most parents are already actively involved in the academic performance of their children, driving privileges may be more motivation for teenagers to keep their grades high.

If you are looking for a free, no-hassle auto insurance quote for your teenage driver, visit the website of the Chicago car insurance professionals of Insure on the Spot.

By Lucille