When it comes time to buy auto insurance for teens, you may have to face some sticker shock – that is unless you find a way to get the most affordable rates available. Car insurance for young drivers can be quite expensive, but there are ways to make sure you can find low rates and fit it into your budget. Not to mention you can use quotes to compare the best rates available.
# 1 — Safe versus Cool
This is probably an obvious way to buy auto insurance for teens because your child’s safety is your top priority. However, your teen may have another car in mind, one someone has for sale or some ideal dream car he or she is assuming will appear in the driveway as a 16th birthday present. While you may not want to ruin your teen’s image by sticking him or her with a minivan or station wagon, it does mean finding a compromise. The most important thing is finding a vehicle with plenty of safety features. Not only does this protect your precious teen behind the wheel it makes it much more likely to find lower rates for car insurance for teens.
# 2 — Look for Added Discounts
Many companies offer cheaper auto insurance for teens who have good grades. In fact, those who can maintain a B or better average could more than likely earn great savings on their insurance rates. In addition to that, you may find that encouraging your teen to take drivers’ education class will help save money too. Besides the financial savings, teens should take a driver’s ed course to get the best training, experience and insight to driving before getting behind the wheel as a regular driver.
# 3 — Unite Family Drivers & Insurance Policies
Believe it or not, you can save when you buy car insurance for teens by keeping it in the family and combining your policies. If you have other drivers in your household, bringing everyone together on one policy under one insurance carrier will more than likely result in added savings. Not to mention if you can combine your other insurance policies you may see even greater savings. So get quotes that would bundle your boat, renter’s or life insurance with your family’s car insurance, and the rates will drop.
# 4 — When & How You Pay
Pay annually versus monthly and you won’t believe the dramatic change in your possible premium prices. Also set up your payments automatically and you can also see surprising discounts. Go green and save green by going to paperless billing. If you set up your payments to automatically be paid by your checking, savings or credit card, this can really help you save money.
# 5– Get Quotes
The only way to make sure you save money on your insurance policy is to compare possible premium rates. By using nothing more than your zip code, you could begin seeing savings immediately. Learn how to save when you buy auto insurance for teens by letting policy providers compete for your business.