Auto Insurance Rates – Why Teen Drivers Pay More And How They Can Pay Less
Auto insurance rates for a teen driver could be twice that for a thirty-year old all other things being equal. Buying auto insurance for teens increases most households’ insurance budget by as much as fifty percent or more. Why is this so and what can a teen driver do to lower their auto insurance rates?
First, why they pay so much…
A young driver is usually not as experienced as an older one. In addition, you’ll agree that younger drivers typically try funny things on the road if only to show off to their colleagues (Insurance companies call such funny things recklessness and they make them pay higher car insurance premium).
All these, put together, increase the probability that a teen driver will crash a car. To further confirm this inclination, statistics show that teenagers are involved in more car crashes than the sum of all other age groups!
If you’re worried about the cost of insuring your teenager, here’s good news. Your teen will attract lower auto insurance rates if they do the following…
1) Raise their deductibles.
2) Get good grades in school.
3) Be made the primary driver on the family’s oldest or cheapest car.
4) Take a course in defensive driving.
5) Use a smaller cheaper car.
6) Use a car that has a high safety rating.
7) Get and compare auto insurance quotes from a minimum of three insurance quotes sites.
If your teen does all these, they’ll reduce the high risk associated with them and end up with lower auto insurance rates.
Here are my favorite pages for auto insurance quotes…
InsureMe Auto Insurance Quotes
Hometown Auto Insurance Quotes
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Chimezirim Odimba writes on insurance.