Most parents dread seeing their kids behind the wheel for the first time, and some fear spiking auto insurance premiums even more. After all, teen drivers are responsible for approximately 11% of the total cost of car accidents every year, so it’s not unusual for their premiums to be twice or even three times as much as adults. Fortunately, there are some strategies for getting your teen the coverage they need without breaking the bank.
Getting a Good Deal on Auto Insurance for Your Teen
1. Shop Around
Many parents simply call their existing insurance company and add their teen to their current policy, an approach which may not yield the best prices. A good independent insurance agent will compare rates from several different companies to ensure you get a great deal. Even if you have to switch insurance companies, the savings will usually be worth it.
2. Get a Cheap Vehicle
In some instances, it may be cheaper to add your teen driver to your policy, but it could be more affordable to get their own plan if they’re driving a separate vehicle. Getting your teen a low-value car that rates high in safety can score them a substantially lower premium.
3. Ask About Discounts
Many insurers offer a wide variety of discounts, based on everything from a student’s grades to their driving record. Many of these price reductions aren’t available unless you ask for them, so find out whether your carrier offers any that could lower your premiums. Some will also reduce your rates if you bundle your auto insurance with other policies, like renters or homeowners insurance.
Since 1958, the experts at Harold D. Miller Insurance Agency have been serving their community, providing superior customer service and high-quality coverage to every client. They pride themselves on representing you, not the insurance company, and will work hard to ensure you get the best deal possible. Visit their website for more about their auto insurance services, or call (606) 473-6211 to reach their offices in Greenup, KY. To request a quote from their Ashland office, call (606) 473-6211.