It’s no secret that car insurance rates for teenagers are very high compared to older drivers. Although it is tough to afford auto insurance when you are paying the highest premiums out of any age group, the truth is that the leading cause of fatalities among teens is car crashes. It is frightening to know the facts and the truth is that most teens are inexperienced and risky drivers on the road. Insurance companies and researchers are constantly collecting data each year about different aged drivers and teens get into the most accidents. Male teens are slightly riskier than female teens and have to pay higher premiums. For this reason, it is pretty much impossible to get cheap car insurance for young, male drivers.
Understanding Teenage Driving Facts
When you understand the facts about teenage drivers, it makes sense that car insurance rates for teenage drivers are higher than for other groups. Auto insurance companies charge people based on the amount of risk that they bring to the table. If you are a teenage driver that is bringing forth a lot of risk, you will end up paying extra money for your premiums. Teens that aren’t eligible for savings (due to traffic violations, speeding tickets, accidents, etc.) are the ones that are considered the riskiest. For this reason, it is important to know what you can do in order to get yourself the lowest car insurance rates for teens available.
Buying Auto Insurance with Your Teen
Obviously if you are buying a new policy with your teen, the easiest thing to do (other than bundle them to your insurance coverage) is to get quotes and compare them. When you have compared quotes, you can then choose a company based on the price that they offered you. The more quotes that you get, the easier it will be to find a reliable company. If you only compare a handful of companies, you’ll never know whether there could have been a better deal out there in the 10 or 15 that you passed up. Always compare as many companies as you think will be worth your time.
How Can I Save Money on Car Insurance As a Teenage Driver?
There really is no trick to getting cheap car insurance rates for teenagers other than to consider ways in which you can save. Chances are that if your teenager is in school (like most other teens) he/she could receive discounts for getting good grades and practicing safe driving habits. A very easy way to save some extra money is by signing your teen up for an approved driving class. Many auto insurers will have a list of approved driving classes to take, so be sure to talk to them before signing up; this way you won’t end up taking the wrong class. Another easy way to save money is by taking a high deductible (if you this, you could end up saving anywhere from 15% to 25% off of your premiums).
Be Persistent to Find Good Car Insurance Rates
Hopefully you understand that finding the best car insurance rates for teenagers takes persistence on the part of the customer. If you are willing to be persistent and take the necessary steps to save yourself money, you can get a better deal than most. Although age plays a big role in the price of insurance, it probably isn’t a good idea to let it hold you back from getting the much-needed driving experience as a teenager.