How Can Teens Lower Car Insurance Premiums?

A teen getting their driver's license is a stressful time for every parent, and it can also be very expensive for a couple of reasons. They will be paying more for fuel each month, and their car insurance rates will likely rise quite a bit. Teen insurance coverage is more pricey because statistics show that the average teen is a poor driver, and that teens are three times as likely to be in a fatal car accident when compared to drivers that are beteen the ages of 25-64.

Unfortunately, car insurance for male and female teens is not the same. Parents of teenage sons will almost always pay more for their insurance than parents of teenage daughters. Coverage for a female teen will usually cause the premium to double, but coverage for a boy will likely triple it. This may not seem fair, but it's the way it works- boys are more reckless behind the wheel than girls. Parents can lower the cost of insurance for their teen driver by encouraging them to take (and pass) a good driver's education course, or having them attend driving school. Going to school to learn to drive teaches safety and responsibility from the beginning, and a lot of insurers offer discounted premiums for teens who have taken a driver's ed course.

Parents can also lower their teen's premiums by buying a second car, preferably an older model. If the teen drives an older car that requires cheaper repairs, insurance will be less expensive than if they were driving a car that required full coverage. Most older cars aren't under a lien, so comprehensive coverage isn't required; teen drivers can carry liability only insurance in adherence with Maine's minimum requirement. It's also a good idea to comparison shop- there are many insurers and sticking with your current agency is not your only option. The Internet is a good place to start your search for low insurance rates for your teen driver, and you can enlist their help in your search.

Finding truly cheap coverage for your teen driver may be next to impossible, but if parents take the right steps (enrolling their son or daughter in driving school, offering them an older car and comparison shopping), they can usually find car insurance that's more affordable.