One of the most exciting times in any teenager’s life is turning 16 and
getting their license. For many kids this time is associated with
freedom, independence and growing up. One of the scariest times for any
parent is their kid turning 16 and getting their license. For good
reason, the thought of their child behind the wheel gives many parents
anxiety. There are enough things for a parent to be worried about when
it comes to their teenager driving, insurance does not have to be one
of them. Taking the time to research different insurance types,
companies and premiums will ultimately help ease the stress that a
parent may be feeling.
The addition of a teenager on families insurance policies will almost
always immeditaley make the premiums go up. A rise in coverage is to be
expected due to their obvious lack of driving experience. However,
there are a few steps that can be taken to keep the cost manageable.
One of the main components that an insurance company will focus on when
insuring a teenager, is the type of car that they will be driving and
need to have insured. Teenager drivers are at a much higher risk of
being involved in a car accident or having speeding issues throughout
their younger years. Choosing a sports car for a teenager is not a
smart choice when you are trying to keep insurance premiums low. Also
focusing on a type of cars theft and break in rate can help to guard
off insurance increases. While many teenagers will dislike this piece
of advice, picking an older car is a smarter choice.
By choosing a car that has been paid off you are also allowing yourself
to only need to carry liability insurance. Being able to drop collision
insurance and comprehensive insurance can drop rates drastically.
on top of your child about the importance of a good driving record is
not only safe, it can also be truly cost effective. Almost every
insurance company offers benefits for a good driving record. Teens that
have no accidents or traffic violations are more likely to have an
insurance policy with lower premiums.
There are also many discount programs that reward students for having
good grades. Your child’s honor roll letter is not only something to be
proud of; it can also be something that helps you receive money back.