How to Get Cheap Auto Insurance for Your Teenager

Make comparisons to get cheap auto insurance. Companies such as Progressive, carinsurancerates.com and lowerratequotes.com will let you compare prices of multiple insurance companies to get the best rate. Because insurance companies are competitive, they will often lower their prices to beat the competition. Call or go online and compare at least 10 different companies to get the best rate.

Difficulty: Moderate

Instructions

1. Choose minimum coverage in order to get the best insurance rates. Get just the basics that you need for your teenagers vehicle. If you are no longer under any payment obligations it is likely that you can get just liability and Personal Injury Protection. Comprehensive and collision are generally options. In addition, choose the highest deductible for the lowest monthly rate.

2. Find out if it will be cheaper to add your teenager to your existing car insurance policy, or if having one of their own is less expensive. Sometimes you can get cheaper auto insurance with multiple car policies.

3. Keep the mileage down to get a better rate. The less miles you drive yearly, the cheaper your insurance. Have teens drive to school and work and carpool when possible to save mileage.

4. Get teenagers anti-theft devices on their vehicles. They can save hundreds of dollars per year on auto insurance if they use anti-theft devices such as car alarms in their vehicle.

5. Send teens to driver education classes. They will save up to 15% on car insurance and be safer drivers if they attend these classes.

6. Ask about student discounts and higher deductibles to lessen the cost of the auto insurance policy. In addition, check the insurance rates before buying a car for your teenager. Auto insurance rates differ based on car make and model.

Resources

• Car Insurance Rates
• LowerRateQuotes.com
• Progressive.com

[anthonya]

on 10/8/2009 Solid advice for any family with teenage drivers.