How to Save Money on New Driver Teenager Auto Insurance
Your teenager is undoubtedly looking forward to getting a driver's license and hitting the road. You, on the other hand, are probably dreading the anticipated jump in your car insurance premiums when your teen is added to your policy. While nothing can totally eliminate the price difference for teenage drivers, parents can take some proactive steps to make coverage more affordable.
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Take advantage of discounts for good grades. Insurance companies provide discounts up to 25 percent for teenage drivers who maintain good grades.
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Contact your insurer before you buy a car for your teen or assign one of the family cars to that new driver. Some cars are much more costly to insure, including vehicles with high rates of theft, sports cars and high-performance vehicles. Assigning an insurance-friendly car to your teenage driver can save you a lot of money.
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Enroll your teenage driver in a safety training course. Insurance rates are high for teenage drivers, primarily due to their driving inexperience. The more experience your teen gets behind the wheel, especially in a controlled situation with an instructor, the safer that driver will be.
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Ask about discounts for driver education programs through your teen's school. Many car insurance companies provide discounts for teen drivers who have completed an approved driver education course.
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