How to Find Low Cost Insurance For Teen and Young Adult Drivers
Do You Have To Insure A Teen or Young Adult Driver?
I cannot tell you that finding low cost auto policies for teens and young adults is an easy task. If you are a parent, you may be used to always getting cheap insurance because you are a low risk driver. But now you have a new driver in the house, and insurers will regard your son or daughter as a high risk driver. However, just because teens and young adults are a bit of a challenge to cover, you can still do some simple things to find the best deal possible.
Take Advantage of Family Auto Insurance Discounts
Even if you want your son or daughter to pay for all, or some of, his or her own policy, you will probably find a better deal by covering their driving with your family policy. Most insurers offer multiple policy discounts. You may already have this because your family has more than one car or driver, or because you also insure a home with the same company.
So I would advice you to try to find deals using all of your family policies to bargain with. Even though a teen or young adult may be a high risk driver, insurers may be willing to make a better deal with you if you place multiple policies with them.
Encourage The New Driver To Take Driver's Education or Driver's Safety Classes
If your son or daughter is learning to drive, it may be a good time to look for a good driver's education class. These classes include classroom time and driving time. They also probably include a section on drug and alcohol awareness.
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Some high schools offer these classes. Otherwise, you can find a private company. They can be pretty expensive, but most insurers are willing to offer a discount for drivers who take the classes. So you can probably save the money you spent within several months of paying premiums.
Also consider that there is a good reason that car insurance companies offer a discount for these classes. They have been shown to help young drivers become better drivers. Any parent knows that this is priceless.
Good Student Discounts For Auto Insurance
Some insurers also offer a discount for young people with good grades. Since the student driver will not have a personal driving history, they can use their good report cards to demonstrate responsibility.
Shop And Compare Young Driver Premiums
Insurers are different. Not all of the offer the discounts I mentioned. But the ones that do can really save your family money. I know that many parents are shocked when they see the bill for covering their new family driver. That young person can raise a family's rates by two or three times!
But let us say that new driver increases your bill by $100, which is probably a low guess. If you can save twenty percent off of that you have saved yourself a coupe hundred dollars a year. In my mind, that is worth taking the time to shop and compare!