How to Get the Best Insurance Rates for Teenagers
Insurance for teenagers can be very expensive, and for good reason. Teenage drivers are the highest risk group of all. However, most insurance policies offer several avenues by which a teen's rates can be reduced significantly. It will never be cheap, but taking the right steps can keep your rates as low as possible.
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Instructions
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Shop around. Get quotes on your teen from at least three different companies. Although adding a person to your existing policy is often less expensive, some companies prefer to work with low-risk clients and charge exorbitant rates for higher risks.
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Look into multi-policy discounts. Many providers give discounts on policies if you carry more than one kind of insurance with them. Check the company you carry your life and health insurance with, and consider moving over if you need to get your teen's insurance with a different provider.
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Enroll your teen in driver education classes. Check with your insurance company to find out which classes in your area are eligible for discounts before enrolling your teen.
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Help your child raise her grades. Most insurance companies offer a discount for teens with a high grade point average. Ask your insurer what GPA qualifies for the discount.
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Check with your company for any other discount programs it offers. Some examples are additional classwork, participation in extracurricular activities and time with no tickets or accidents.
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