As your teen reaches driving age, things start to change and you are set to face challenges greater than any others that you have endured up to this point. One of the most important thoughts on your mind these days is how much will you have to pay to add your teen driver to your auto insurance policy.
Fortunately, there is some good news for you. It is possible to save money on your car insurance with you add your teen driver by following certain guidelines and finding out about available discounts.
Developing Good Driving Skills
According to statistics, the cause of death for most young Americans between the ages of fifteen and twenty is automobile accidents. A study conducted in 2008 by the National Traffic Safety Administration found that almost thirteen percent of drivers in fatal crashes are between the ages of sixteen and twenty, even though they only make up just over six percent of licensed drivers.
The reason teens are involved in so many accidents is due to inexperience and immaturity. Research conducted by the National Institute for Mental Health discovered that the area of the brain responsible for controlling the recognition of risk and problem solving are the last to develop.
A number of schools across the country have cut their driving education programs due to lack of funds, leaving the responsibility of teaching young drivers to their parents. In addition, some states require teens to complete a certified driving course or wait until they are eighteen before they are able to acquire their driver’s license.
It is crucial that your teen learns the laws of the road before you turn over your keys. In addition, many insurance providers recommend setting additional rules for your teen driver, such as no cell phones or music while driving, no driving after dark or late at night. This will help your teen pay better attention and keep him or her off the road during times when risk is heightened. The longer your teen goes accident free, the lower your insurance rates will go.
Higher Grades Equal Lower Rates
Your teen’s good grades can help you save money on your car insurance. In fact, most insurance companies offer discounts as high as ten to twenty percent for student who maintain high grades in school.
Conservative Car Means Better Premiums
The make and model of the car you choose for your teen will have a direct impact on the amount you pay each month for your car insurance premium. A practical vehicle with a high safety rating as opposed to the sports car your teen has been gushing about will keep your insurance rates more affordable.
It is important to shop around for the best rates for an insurance policy when it is time for your teen to take the wheel. If everyone in your home keeps a good driving record, you will be able to take advantage of the best rates. It also helps to take advantage of things like online rate quote sites and sites like www.averagecostofcarinsurance.com, which will help you to know whether you are being quoted too highly or are getting a good deal on your teen’s auto insurance.
Disclosure: This was a guest post, The Mommy Bunch received compensation to provide you this information.