Auto Insurance Rates For Teenagers

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As a teen with a new driver's license you are probably aware that without insurance it is illegal for you to drive a car. You may also know that the fee you pay for auto insurance is based on the likelihood of your getting into a crash. As a new driver the statistics are not on your side. You are three times as likely to get into a crash as a driver who is between 65 and 69. There are a few things you can do to save on auto insurance rates for teenagers.

Have your parents add you to their policy. This is usually the least expensive option and most companies will not charge an additional policy until you actually get your license. Your parents must inform the insurance company that you are to be added to the policy or the coverage could be impacted.

If you have your driver's license, you now have a great incentive for getting good grades. You can save up to 25 percent off the cost of your insurance if you have a grade average of a B or better.

Many states now have graduated driver licensing laws which require that you have 50 hours with experienced drivers, however taking a driver training course can save you more on insurance. Many companies offer a ten percent discount.

Remember a driver's license is a privilege and you can lose that privilege. With your new found freedom you may find yourself in a situation where you are considering diving under the influence of alcohol or drugs. Many teens pay with their life for this action. If you survive, the DUI can be costly. It is likely that your insurance will be canceled. If you are able to get insurance, you will pay two to three times as much for it for the next three to five years. In addition tickets and crashes impact your insurance rates. If you get more three, you insurance may be canceled or not renewed.

The car you drive can affect your insurance rates. High performance cars or those that are a favorite among car thieves will cost you more for your insurance. Newer cars with more safety features, such as air bags, automatic safety belts and ABS are safer and may qualify for discounts.

Do not forget that with teen drivers, like all other drivers, it is important that you shop around for insurance. You may save money by asking for larger deductibles on your insurance.


About the Author:
There are a few things you can do to save on auto insurance rates for teenagers. All you need to know now in our teenager insurance information guide .



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