Teen Drivers and High Risk Auto Insurance I have been through the process of getting a teen driver on the road.
I found it to be one of the tougher tasks I had to do as a parent.
I worried about having an inexperienced driver behind the wheel of my car.
Of course, I worried that he could get hurt in an accident.
Along with that came worries about how much money I still owed on that car.
Another concern, that was not trivial, was how I could find affordable car insurance for teenage drivers.
Auto insurance companies lump teen drivers together as a high risk group.
They may even regard young adults, especially males, the same way.
This is not because these insurers woke up one day hating young people.
It is because they keep very detailed statistics on what sort of drivers tend make more car accident claims.
Teenage and young adults, particularly males, tend to be responsible for more than their fair share of these.
So that is why many parents are shocked when they call their old insurer for a quote on their son or daughter.
If the parents have had a long and safe driving history, they can be very unhappy to see their bill has doubled or tripled after Junior starts driving.
Affordable Car Insurance For Younger Drivers There are some steps you can take to make this bill as low as possible.
For one thing, you cannot always count on your old company for the best deal.
Some companies may be very friendly to experienced drivers who have good credit, good jobs, and a long, safe, driving history.
Your teenage son or daughter has none of that! They have no credit rating, no long employment history, and they do not have a driving record at all.
So the insurer will group them with other young drivers, and they will charge a higher premium for the higher risk.
But there are some things that many top insurers will consider in order to lower this rate.
Since your own child has no long driving history, they may be able to show an insurer they are responsible individuals.
A good GPA in school is one way to get a discount with some companies.
Another way is to take an approved driver's education class.
Not all companies offer these discounts, but they can mean substantial savings with those who do.
Those same statistics that tell insurers your teenager is a risky driver, also tell them that students who keep up a a good grade average and spend time learning how to be a safe driver may be exceptions.
They have demonstrated that they are responsible and prepared.
You may save some money because of this with the right insurer for your family.
Make Your Teen Driver Part of The Process You need to let your child know what a big responsibility it is to operate a motor vehicle.
You could also let them know how much of an investment you are making so they can drive, and let them take part of the responsibility.
If they do have an accident or get a ticket, you should make sure they feel the consequences too.
It will not do them any good to think that cars, or the money to pay for auto insurance, just grows on trees!
I found it to be one of the tougher tasks I had to do as a parent.
I worried about having an inexperienced driver behind the wheel of my car.
Of course, I worried that he could get hurt in an accident.
Along with that came worries about how much money I still owed on that car.
Another concern, that was not trivial, was how I could find affordable car insurance for teenage drivers.
Auto insurance companies lump teen drivers together as a high risk group.
They may even regard young adults, especially males, the same way.
This is not because these insurers woke up one day hating young people.
It is because they keep very detailed statistics on what sort of drivers tend make more car accident claims.
Teenage and young adults, particularly males, tend to be responsible for more than their fair share of these.
So that is why many parents are shocked when they call their old insurer for a quote on their son or daughter.
If the parents have had a long and safe driving history, they can be very unhappy to see their bill has doubled or tripled after Junior starts driving.
Affordable Car Insurance For Younger Drivers There are some steps you can take to make this bill as low as possible.
For one thing, you cannot always count on your old company for the best deal.
Some companies may be very friendly to experienced drivers who have good credit, good jobs, and a long, safe, driving history.
Your teenage son or daughter has none of that! They have no credit rating, no long employment history, and they do not have a driving record at all.
So the insurer will group them with other young drivers, and they will charge a higher premium for the higher risk.
But there are some things that many top insurers will consider in order to lower this rate.
Since your own child has no long driving history, they may be able to show an insurer they are responsible individuals.
A good GPA in school is one way to get a discount with some companies.
Another way is to take an approved driver's education class.
Not all companies offer these discounts, but they can mean substantial savings with those who do.
Those same statistics that tell insurers your teenager is a risky driver, also tell them that students who keep up a a good grade average and spend time learning how to be a safe driver may be exceptions.
They have demonstrated that they are responsible and prepared.
You may save some money because of this with the right insurer for your family.
Make Your Teen Driver Part of The Process You need to let your child know what a big responsibility it is to operate a motor vehicle.
You could also let them know how much of an investment you are making so they can drive, and let them take part of the responsibility.
If they do have an accident or get a ticket, you should make sure they feel the consequences too.
It will not do them any good to think that cars, or the money to pay for auto insurance, just grows on trees!
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