How to Get Lower Rates on Teen Car Insurance
Having a teen driver in the house is like having a double-edged sword. No longer does the parent have to drive the teenager all over town at all times of the day or night, but now parents have the headache of having a teenager out on the road at all times of the day and night. On top of that, they have the cost of providing insurance for a teen driver. Teen driver rates can be extremely high unless you do a little homework to find ways to lower the rate on your teen's car insurance.
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Instructions
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Monitor your teen's driving. A good driving record goes a long way toward helping to control teen car insurance costs. Although the teen is a new driver, make sure your teen understands how one violation on a new license can prove to be very costly. Drive with your teen several times a week and observe to see if she's developing good or bad driving habits. This is especially important to do with newly licensed teens. It's easier to correct bad habits early in the teen's driving career.
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Provide a copy of your teen's report card to the insurance agent. Only send your teen's report card if your child maintains a B or better average. If your child has graduated from high school and is headed to college, the insurance company may request a copy of the transcript in addition to the report card. Car insurance companies offer a discount to teens with good grades.
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Enlist your teen in a safe driving course. Taking a safe driving class helps to earn premium credits. Before taking the class, however, speak to your insurance agent to get the list of approved classes. While you're at it, take the class with your teen. Not only will it help lower your premium, it shows your teen how important being a safe driver is to you.
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Talk to the agent. Insurance agents are aware of special discounts offered by the insurance company that is not known by the general public. Make it a habit to call your insurance agent at least once a year to see if there are any new discounts available.
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Place the teen's car insurance with the same company as your homeowner's or tenant's insurance. By bundling the teen's auto insurance policy with the same company as your other policies, you will earn a multi-line discount.
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Tips & Warnings
Visit the website Teendriving.com for additional resources and tools to help lower teen auto premiums.
