Do you have a teen driver?
As any parent can attest, teenagers are expensive. It’s not much different when it comes to insurance. But, unlike other parts of a teenager’s life, there is a clear reason why.
New drivers are among the most dangerous on the road, have a higher rate of accidents, and file more claims compared to the average driver. But, there are some things you can do to mitigate the cost on your insurance policy.
Did your child take drivers-ed? Teaching a teen how to deal with dangerous situations safely will hopefully result in fewer accidents and insurers will usually reward this type of training with a discount. Many insurance companies offer discounts to student’s who’ve successfully completed a drivers-ed course, and have a certificate of completion.
Is your child a good student? If your child maintains grades above a 3.0, he or she may qualify for the good-student discount!
Does your child live at home, or are they away at school for part of the year? Sometimes, having a child that lives away from home and doesn’t operate the vehicle as regularly can mean additional discounts.
Have them enroll in a safe driver monitoring program. As with most things these days, there’s an app for that. Many insurance companies are offering discounts to drivers who enroll in safe-driver programs. Basically, they’re apps that you can download on your phone that track things like hard braking, acceleration, and nighttime driving. The better you drive, the better your discount can be.
In the end, the best thing to do is comparison shop to find the best rates. Every insurer calculated their rates differently so by shopping around, you may save hundreds of dollars, if not more. Having an agent that works with multiple carriers is a big plus when it comes to insuring teen drivers. If your kid is coming up on getting their license, it may be time to chat with your agent and look for better rates!
