Raising children comes with a wide variety of expenses, but none may put quite as big a strain on your finances as the cost of teen car insurance. Statistically, those 16-19 years old are more likely than any other age group to be involved in a crash due to lack of drivers training and experience, as well as precarious behaviors. In turn, this makes them a high risk to insure, and providers set policy premiums accordingly. Fortunately, there are several discount options available. Here are a few ways to get a better rate on coverage.

How to Cut Costs on Car Insurance for Teen Drivers

1. Encourage Good Grades

Many auto insurance companies reward teen drivers who earn a 3.0 grade point average and above with a lower premium. Students who work hard in school are viewed as more responsible, which translates to less risky driving and reduced exposure to accidents. As such, you want to encourage your teenager to get and maintain good grades.

2. Enroll Your Teen in Drivers Training

Even though your teen may be required to take a course before obtaining their license, it’s a good idea to enroll them in advanced drivers training classes.

This instruction typically provides more practical on-the-road driving experience. Having them complete an approved program will not only teach them skills that improve their safety while behind the wheel, but also make them eligible for a lower insurance rate.  

3. Consider Bundling Policies

If you have multiple vehicles and/or different types of insurance policies, such as homeowners, renters, or life, consider purchasing all your coverage from the same insurer.

Providers will often offer significant savings for bundling your policies under one company. This will also help streamline your payments and claims process.

4. Choose the Right Car

Though your teenager may have their sights set on a new, luxury car, it’s generally more cost-effective to have them drive an older vehicle with good safety and reliability ratings.

Newer models tend to have higher premiums because they’re made with advanced technologies and complex parts that are more expensive to repair or replace in an accident.

If you’re looking for a high-quality drivers training program that will properly prepare your teen to get behind the wheel, turn to Sure-Drive Driver’s Training. Serving residents throughout the Kentucky communities of Edgewood, Villa Hills, Park Hills, and Fort Wright, their courses focus on providing a good balance of classroom and hands-on instruction. For more than 25 years, this driving school has provided an innovative curriculum that keeps students engaged and ensures they’re learning the most up-to-date techniques in road safety. Call (859) 331-0007 to reserve a spot, or visit them online for more information on their services.