Finding Great Insurance Benefits

3 Tips For Saving Money On Auto Insurance Premiums After Adding A Teen Driver To Your Policy

Learning how to drive and getting a driver's license is something that almost all teenagers get excited about. However, many parents dread the fact that their auto insurance premiums will go up when they add a teen driver to their policy. Teen drivers are considered a higher risk to insure due to their inexperience driving, which can result in higher rates and more expensive auto insurance premiums. However, there are steps that parents can take to help keep their rates affordable, even after adding a teen driver. Use the following tips to save money on your auto insurance premiums after adding your teen driver to the policy:

Enroll Your Teen in a Defensive Driving Course

One easy way to save some money on your auto insurance is by having your teen take a defensive driving course. A reputable defensive driving course can teach teen drivers valuable skills that can help prevent accidents when they are out on the road. Most major insurance companies offer a nice discount on premiums if a teen driver successfully completes a comprehensive defensive driving course. You will most likely need to submit your teen's certificate of completion in order to qualify for a discount on your auto insurance policy.

Take Advantage of Good Grades

Earning good grades in high school is important for teenagers, especially if they hope to attend college. But, earning good grades is also a great way to qualify for auto insurance discounts. The reasoning behind this is that teenagers who earn good grades are typically more responsible, and being responsible can lead to better decision making when driving. Before adding your teen driver to your auto insurance policy, contact your insurance company to see if they offer discounts on premiums for good grades. In order to maintain this type of discount, you will probably need to send in a copy of your teen's report card each semester.

Shop Around

If you have used the same auto insurance company for years, it is in your best interest to shop around before adding your teen to your auto insurance policy. There are no rules or regulations pertaining to auto insurance premiums, so one company may charge a lot less than another company for the same level of coverage. Shopping around can help ensure that you are paying the lowest rates possible after your teenager begins driving and has to be added to your policy. 


Share