4 Tips for Lowering Teen Auto Insurance Rates
Learning to drive is probably one of the most anticipated milestones for teenagers. For parents, however, this new phase can be a bittersweet mix of excitement and anxiety. Combine those emotions with the possibility of having to pay higher auto insurance rates, and the entire experience may be overwhelming. The encouraging news is there are several ways to lower premium payments while still getting the necessary coverage to protect young drivers.
Ways to Reduce Teen Auto Insurance Rates
1. Choose an Older Vehicle
Of course, some teenagers want that shiny, new convertible. But insurance coverage may be higher for newer vehicles. An older model can actually bring the cost of auto insurance payments down. Do an online search to find cars and trucks with clean histories. A good starting point is the Insurance Institute for Highway Safety's website. There, you can search a vehicle's safety ratings. An insurance agent can offer some suggestions, too.
2. Pass a Safe Driving Course
Some auto insurance providers also reward teen drivers who have successfully passed a safe driving course. The reward comes in the form of discounted premiums. Check with the carrier first to ensure the selected course meets their approval guidelines. If your teen takes a driver's education class at school, some insurance providers will also reduce rates if the student passes the class.3. Install Safety Technology
Another way to lower premium payments is by installing safety features. For instance, there are devices on the market that will track how fast a vehicle is driven, its mileage, and even the number of hours spent driving. If the driver stays within certain thresholds set by the auto insurance provider, they could be eligible for discounted rates.
4. Earn Good Grades
If your teen earns good grades in school, they could be eligible for another discount. Providers will typically reward drivers who have a minimum B average in their classes. Others recognize those who make the honor roll or dean's list. Encourage you child to continue to work hard in school because their efforts may pay off with discounted rates.
For teenagers, driving is a welcome sign of independence. Keep them safe while keeping your auto insurance costs affordable. A Better Choice Insurance Agency in Concord, NC, is your trusted source for quality and budget-friendly coverage. The family-owned firm works with several of the nation's leading providers and will get you a policy designed for your teen's unique driving habits. Call (704) 782-2073 for a free, no-obligation quote. Visit the website for information on their other insurance options.
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A Better Choice Insurance Agency
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CALL US+1 (704) 782-2073
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