Teen Auto Insurance Rates - The Law Office of Ray Coleman

teenage auto insurance rates

Specializing In Serious Personal Injury Claims and Aggressive Representation

September 2, 2011

Teen Auto Insurance Rates

When it comes to Teen Auto Insurance, things have changed in the last couple of years, so I thought it was appropriate to discuss the topic of teenager car insurance rates, ways to keep under 25 auto insurance cheaper, and of course, ways to keep our young people safer!

There is some good news. Tougher state licensing policies have actually cut teen traffic fatalities a lot. In some states, that number approaches 1/3. It is a bit harder, and takes a little longer, to qualify for a driver’s license. In my opinion, saving thousands of young lives makes this a great deal!

Again, when we discuss teen auto policies, we are really talking about the higher risk for any younger drivers under age 25. In our culture, studies have shown that we do have a longer adolescence, and so the mid-twenties may be an appropriate age point to discuss.

Here Are Some Of The Latest Ideas On Young Drivers And Auto Insurance

* As with any other driver and vehicle, anything you do that convinces auto insurers you are trying to reduce the risk of claims, will probably result in lower premiums. First on that list should be avoiding wrecks or traffic tickets. Beyond that, driver’s ed and safety classes, auto safety features, and buying vehicles that are rated highly for safety are usually good bets!

* Many companies offer discounts for good grades!В  This gives a good old common sense reason for your kids to do well in school.В  They can save themselves or YOU money!

* If adults share a vehicle with a younger driver, you may be able to place him or her on the policy as an occasional driver. Ask your agent or company representative about this. It will certainly cost less than naming the young driver as the main driver on another vehicle.

* Bundling policies has become the new buzz word. It is not a new concept though. If you place more than one policy with one company, they may offer a discount because this saves them money. It may also make your life simpler. Take advantage of auto and home insurance discounts so you can save more on all your coverage.

* Some parents think it will better to set up a teen on his or her own policy because it will keep their own rates lower, while only the teens will remain high. In my opinion, it is just better to suck it up and lump the teen with the rest of the family.В  This also seems like a risky move in case the younger driver ends up using another family vehicle than the one named on his or her policy. Of course, you are free to compare premiums either way to see how you do.

* No tips can offer you really cheap rates for young drivers. But adding a few discounts together can actually shave quite a bit off your bill.В  Be prepared to shop around to find affordable insurance premiums for drivers under age 25.

* Remember, most of us older drivers had to start out as younger drivers!

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teenage auto insurance rates