Top Tips for Teens: Buying Cheap Car Insurance

If you’re the parent of a teen driver, you might be suffering from sticker shock. Teens typically pay double what any other driving age pays for car insurance. While you can’t make that number shrink drastically, there are things you can do to make your teen driver’s policy more affordable. Let’s take a look.

1. Buy a Safe Car

The better the safety rating on your teen’s car, the better the car insurance rate. Insurance companies want drivers to drive cars that are safe and have a lower risk of being very damaged in an accident. Forego the high performance sports car your teen is begging you to buy her in favor of something safer and more affordable to insure.

2. Is She a Good Student?

If your teen makes good grades or is on the Honor Roll, she may qualify for a discount with your auto insurance company. Called the Good Student Discount, many insurers offer it to students because there is a direct relation to grades and the risk of an accident.

3. Go to Driver’s Education School

Putting your teen through driver’s ed is doubly smart: she becomes a better driver and you can save a little on your car insurance. See if your insurer offers discounts for driver training programs.

4. Be a Good Driver

Discourage your teen from driving with a carload of friends, texting or talking while driving and playing the radio too loudly. These distractions can increase her chance of an accident, which may cause your insurance to rise. By teaching her good driving habits, she can qualify for a good driver discount in a few years.

5. Other Discounts

Check with your car insurer to see what other discounts your teen driver is eligible for. If your car has anti-lock brakes and airbags, you may be able to save.