Cheapest Car Insurance for Young Drivers

It’s a well-known fact that kids just starting to drive usually pay higher auto insurance than other drivers. For parents who are paying the premiums or students who must work to earn the payment money, this can be a frustrating situation. However, you don’t have to settle for the high cost that you are quoted. Here are some ways to help your teen save on car insurance.

young driver car insurance

Buy a Cheaper Car

Before you buy them a car or let them pick one out, find out how much insurance will cost. If you buy an older car with fewer bells and whistles, you will find that the policy will cost less. Plus, with an older car, you may only need to carry liability, which reduces your premiums for car insurance companies by several hundreds of dollars.

Get Good Grades

Many insurance companies reward kids with good grades by reducing their insurance premiums. The logic behind this is that someone who is responsible enough to study and do well in school will also probably be responsible with their driving. So, if you have a straight-A student in your family, by all means share the good news with your car insurance agent and ask for the lowest price on car insurance.

Consider Driving Classes

If your teen took driver’s education in school, they may qualify for a discount. Some car insurance companies also offer special courses on advanced driving. Enroll them in this class and you could save even more. In fact, you might want to consider this for yourself, too.

Don’t Buy a Car

Just because your teenager has turned sixteen and gotten his or her driver’s license, it doesn’t mean it’s time to buy a car. It may be better to lend them your car and add them as a driver. This makes the additional insurance cheaper because it is assumed that your teen will be limited in driving if it is a family car. Less driving time equals less chances of an accident.

Shop Around

Not all car insurance companies charge the same rates for teenagers. Even though they will most likely be higher than for older drivers, the exact prices can vary. It might even be beneficial for your teen to have a different provider than you if they can get a better discount elsewhere. Take the time to shop for the cheapest car insurance even if it is not with the same agent as you have.

Get a Multi-Car Discount

The opposite of the last tip is to add your teen’s car to your policy and get a multi-car discount. While their insurance may be higher, yours may actually decrease, which could offset some of the additional cost.
Looking for the cheapest car insurance for your newly licensed teenager can be an exercise in frustration. However, you can find better prices if you are diligent in your search. Try different scenarios to see where you can save the most money on car insurance quotes.

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