For parents and young adults, finding car insurance for teens can seem daunting. There are some tips that will help you find the best rates for vehicle insurance for teens and young adults. These tips can take some time so get started as soon as possible.
Younger Drivers Are Inexperienced
The less experience a driver has behind the wheel, the better. This is a concern for insurance companies when they issue policies to young drivers. Young drivers don’t have the involuntary reflexes and driving instincts that come with age.
Young adult drivers, especially teens and young adults, are less able to respond quickly to traffic changes than skilled drivers. They also are more likely to make costly mistakes. Young drivers are more likely to get into accidents because of this. This is a fact that insurance companies know and it drives up the cost of your insurance policies.
Teen Drivers Are More Careless
Carelessness goes hand in hand with little experience. Teenagers and young drivers are more likely to be distracted behind the wheel. They also tend to be slower to react to road conditions. Teenagers love to send text messages while driving and are used to it. Distraction can also be caused by texting and talking on their cell phones while driving. Teens and young adults are more likely to get into accidents if they drive faster than the speed limit or ignore traffic rules. Statistics show that young men are more likely than young women to get into an accident. A further fact is that teenagers between 16 and 18 years old are more likely than adults aged 26 or older to get into an accident.
Tips To Lower Young Driver Insurance Rates
You can take a few simple steps to reduce your insurance costs, even if you are a young driver.
- Defensive driving course. These courses can be accessed as high school classes but not all high schools offer them. Many courses are available through non-profits, government agencies and private schools (for-profit). Online courses are also available. A defensive driving course may help young drivers get discounted car insurance.
- Consider adding the new driver and their vehicle to your parents’ policy. Compare adding them to your policy to get a better quote. It will likely be cheaper to add them on to your policy than to purchase a new one. The average annual insurance premium increase for adding a teenager to an auto policy is 44 percent if there’s only one vehicle in the household. It will go up by 58 percent for two cars and 62% for three. Insurance.com” A new policy may cost 365% more than an existing policy.
- Some cars are cheaper to underwrite. A four-door sedan is better for getting lower insurance rates. Vehicles of late model are lighter than older models. Older cars are often heavier and more secure than their later-model counterparts. It can lower insurance rates for teens who drive a reliable, safer car. This will also make it easier for parents to breathe a little easier.
- Getting good grades can make it easier to purchase insurance later. Higher grades can also mean lower rates. Ask your agent for a lower insurance rate if your new driver is still in school with good grades.
- Get quotes from at least three insurance companies to get the best rate. You might also consider getting quotes from five to ten insurance companies. Compare the new policy to the parent policy to see if the young driver is included. Ensure that you compare quotes from different companies when researching. You should compare quotes from all carriers if you are considering different deductibles. Ask each carrier whether there are any additional discounts that you might be eligible for. You might be eligible for a discount if your teen is involved in an organization like the Boy Scouts and Girl Scouts.
