When your teen hits the road for the first time, they’ll need auto insurance. Many parents add them to their existing plans, and it is shocking when the rates are high. This is because carriers assume teens are more likely to have accidents, so they cover themselves with these premiums. However, they aren’t permanent, and you can lower them. Below are answers to common questions so that you can get your teen the best deal.

How Teens Can Lower Auto Insurance Premiums

Does the vehicle type affect rates?

Auto insurance carriers may offer lower rates for teens driving cars with safety features, such as backup cameras and blind-spot detection. Exotic cars or sports cars have the highest premiums because they increase accident potential and are frequent targets of theft. Compact, standard vehicles with airbags, automatic seatbelts, anti-lock breaks, and other safety features may lead to lower premiums.

Can you lower premiums with a multi-policy plan?

Insurance companies may cut you a deal if you bring more business to them. If you have your health, homeowners, life, and auto insurance plans through multiple providers, bringing them all to the same company can lower rates. In return, your agent will ensure you have all the coverage you need for the best price.

Will proof of safe driving lower premiums?

As your teen proves they can drive safely, you can request lower rates. Purchase a tracking device that plugs into the car, so you have evidence for the insurance company. These devices will document how fast your child is driving, if they accelerate safely, how long they drive, and how often they stop hard. An insurance agent will usually request 30-90 days of records before reconsidering rates.

Are school programs available?

Insurance companies promote getting high grades in school, as they believe that children who work and study hard are less likely to get into accidents. Have your child bring their report card to the agent after every semester. A 3.0 GPA or above may lead to lower premiums if your child is also maintaining a safe driving record.

Do you need to purchase auto insurance? Cundiff & Company Insurance has been covering residents of Somerset, KY, for over 40 years and offers many available plans. Customers will find policies for trucks, cars, motorcycles, homeowners insurance, and more. Visit their website to explore coverage options. Call (606) 679-8379 to request an insurance quote.