It’s a dreaded discussion that parents have with their insurance agent: How much is my teenage driver going to raise my auto insurance?
According to teendriversource.org, motor vehicle crashes are the leading cause of death for U.S Teens. The risk of a car accident is higher among 16 to 19-year-old drivers versus any other age group. Teen drivers lack driving experience and are more likely to take risks behind the wheel.
Tips for How to Save on New Teenage Driver Car Insurance Premiums
So, adding your teenage drivers does mean you will pay more for auto insurance. We understand it can be expensive but there are ways to save on your premiums even with teen drivers. Here are some helpful tips to keep the costs down:
Buy a Modest Used Vehicle
Every teen driver wants a shiny new car to drive to school. As tempting as it might be to reward your teen with a new car, we would recommend you consider a modest used vehicle instead. The cost to insure a used vehicle, especially a car that carries only liability coverage, will be dramatically lower than a newer car.
Good Student Insurance Discount
Most insurance companies offer a discount if your teen driver has at least a 3.0-grade point average. Even if your teen doesn’t qualify for the good student initially if they improve their grades later the discount can be added at any time. Most insurance companies do require proof of grades at least once a year. So, conversely, if the grades were good and then they slip the discount can be removed.
Behind the Wheel Drivers Training
Another discount offered by many auto insurance companies is drivers training. The training must be a behind-the-wheel program and not just classroom instruction. There are many drivers training programs available such as Drivers Edge and local driving schools.
Students Away at College Discount
Another discount available is when your teen driver heads away to college without a vehicle. This is often a very large discount that recognizes the reduced risk of the teen away at school without a vehicle. We recommend, and many insurance companies require, the teen driver to stay on your auto policy while they are away at school. Even if your teen does not have a vehicle, they are likely to drive a non-owned vehicle such as a borrowed or rented car.
Teenage Drivers and Auto Insurance in Las Vegas, Nevada
Lastly, if you are unhappy with your auto insurance rates after adding a teenage driver, call the professionals at Safeguard Insurance or obtain a quote on our website. We work with over 15 Las Vegas auto insurance providers and can help you find the right policy at the right price!