Having a teen driver in your house is certainly a cause for being agitated. First of all, when your teen takes on the responsibility to drive a car it's a serious step towards independence, and that alone is a time of trial for most parents. Besides, driving a vehicle is a potentially dangerous activity and when there's a lack of experience in the domain the risk of ending up in an accident is rather high. So the responsibility is definitely quite high when there's a teen driver in the house. That's exactly why insurance companies charge younger drivers with the highest rates possible.
If you have ever tried to insure a driver who is younger than 25 then you definitely know that their rates are among some of the highest between all age groups. This is explained by the overall number of insurance claims filed by this group of drivers. Lack of experience and general risk taking behavior is what teens are infamous for and that's exactly what insurance companies are not fond of. When there's a high risk the price for insuring something will be higher and that's the case with teen drivers. Still, this doesn't necessarily mean that teens should always have problems with having affordable auto insurance.
There are several effective methods for teen drivers to obtain affordable insurance coverage with their cars. And if you manage to apply a couple of them at the same time there will definitely a good cut in premiums for the younger driver. Here are some of the things you can use to cut your teen's rates.
Keep the young driver under your policy. Quite often parents share the same policy for their vehicles but choose to buy a separate policy for their teen. It's a common mistake that leads to additional expenses. By including the teen driver to your policy you will get a slight increase in premiums but the overall amount will be lower if compare to the sum of separate policies.
Buy a cheap and used car first. All parents like to be generous with their children and when there's a possibility to buy an expensive car they do it without considering the consequences. And the most apparent consequence of buying an expensive new vehicle to a teen driver is ending up with a very costly auto insurance policy. Instead, buy a cheaper vehicle for the start and accumulation of experience that will cost less to insure. And when the driver becomes more mature - get the better vehicle.
Encourage good grades. Being a good student gives a teen the possibility to opt for a good student discount, which is available with most insurance providers. It requires the student to provide a copy of their grade report periodically with an average of B and higher. If you manage to encourage your kid to do so you'll kill two birds with one stone: promote better education and save money on auto insurance. Sounds really interesting and promising, doesn't it?