The day your teen passes their driving test is exciting for everyone. However, with new-found freedom comes an added expense in the form of auto insurance. In some states, adding a teenager to your insurance policy can double your payments. Here are three ways you can reduce the cost of your teenager’s insurance coverage.
How to Lower Car Insurance for Teen Drivers
1. Buy Smart
The type of car your teen drives can bring down your premiums. It pays to invest in safety features; anti-lock brakes, airbags, electronic stability control, and daytime lights can help reduce your insurance payments.
However, if you’re not looking for a new model, an older car can still help lower costs, even without extra safety enhancements. It does depend on the make and age of the vehicle, so check with your insurance provider before you buy it. You can check out vehicle safety ratings through the Insurance Institute for Highway Safety’s website.
2. Shop Around
Parents often add their teen to a policy they have had for years. You might be able to make substantial savings by shopping around instead.
Some providers offer better rates for teens, while others take your driving history into account when quoting for an extra driver on your policy.
You might be able to get an excellent rate if you combine several policies within the same insurance provider. It pays to do your research or to partner with an insurance agency that does it for you.
3. Hit the Books
Many auto insurance providers offer discounts for students who fulfill certain requirements, like earning a B average or higher, being on a dean’s list or honor roll, or ranking among the top 20% in standardized testing. The amount of discount varies, as do the metrics the student must meet, so speak with your insurance provider to see if they make any provisions.
When you need affordable auto insurance, look no further than First State Insurance Agency. With offices in Beatrice, David City, and Hickman, NE, they’re the leading provider of insurance services in Butler, Gage, and Lancaster counties. Since 1956, this independent insurance agency has partnered with some of the top insurance companies in the region to provide their customers with comprehensive coverage. Call (402) 979-7585 or complete the online inquiry form on the website for a quote.