Cheap Teen Auto Insurance - 3 Things You Can Do to Get the Lowest Rates
Teen auto insurance premiums can be quite high for the majority of teenage drivers. Why so high? Car insurance companies formulate their premium costs based off of the probability of the driver getting into an accident. Historically, young drivers have statistically proven to get into a greater percentage of accidents than just about any other driving group. Because of this, insurance companies need to charge them much more than everyone else. But there are a few things that you can do to get the cheapest auto insurance rate possible.
Things To Do To Get Cheaper Teen Auto Insurance Rates:
1. Drive a safer vehicle. Many young drivers are not aware of the fact that the type of car or truck that you plan to insure definitely has an impact on the premiums you will pay. The more safety features that it has, the lower the premium. Also, having safety options like air bags, automatic seat belt, etc, can provide teens with additional savings by qualifying for certain discount programs that most insurance companies provide.
2. Drive fewer miles. Remember, it's all about the probability of getting into an accident. So if you report a lower amount of typical driving miles to your insurance company, you will have a lower chance of getting into an accident and therefore get a better insurance rate.
3. Get good grades. This is a no brainer. Most insurance companies has special discounts for drivers in school that maintain a good grade point average (usually a B). This is an incredibly easy way to reduce the monthly premiums payments. Car insurance companies see getting good grades as being more responsible, and therefore reward these drivers by providing them a hefty discount.
Teen auto insurance is generally expensive. However, by driving a safer car, driving fewer miles, and maintaining good grades in school, teenagers can get decent savings off of their monthly car insurance bill.
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