Cheap Car Insurance for Teens – How to Reduce the Premium

Published: April 3, 2018

Updated: May 15, 2018



Your teen just got a driver”s license and they”re very excited as this means they now have a new level of freedom. You now need to found out how you can get car insurance for your teen at the best possible price. Car insurance can be expensive sometimes, especially for underage drivers who are younger than 25. It would be beneficial to your pocket if you know how to get cheaper premium for teens before you start shopping around for car insurance.

Naturally, teenagers have little or no driving experience; hence, their auto insurance are more expensive than insurance for adults. The cost of cheap teenage car insurance will likely be reasonable but your teen would have to fulfill some requirements.

Your teenager should first of all have a clean driving record. This means that your teen must not have any convictions on their record, no speeding tickets and no previous collisions or insurance claims.

As a parent or guardian, you can also reduce the cheap auto insurance rate for your teen by enrolling them in a beginner driver”s education course. Upon completion of both road and in-class driving courses, your teen could save up to $1500 on their insurance as a 3-star driver. It is also a great idea to buy a car that has extra safety features whenever you want to buy a car for your teenager. This will translate to even cheaper auto insurance for your teen down the road.

As earlier said, if you are purchasing a vehicle for your teen, choose a vehicle with more safety features as this will make it less risky than a sports car that will tempt your teen to speed excessively, thus increasing the likelihood of an accident. You should also check what category the vehicle falls into.

Young drivers can also obtain cheaper auto insurance if they are enrolled full time in a university or college. There are insurance companies that will charge cheaper rates so long as the teens enrolled in a school and they do not have the vehicle with them full time. This discount can be as high as 50% of the premium, and allows your teenager to start building their own insurance profile. Checking with your broker is the best way to find out which companies offer the “Student Away at School” discount.

Because teen and underage drivers are generally considered to be risky drivers does not mean they will remain so, even while they are under 25 years old they can still get a great rate, with a driver training certificate and clean driving record. As a parent or guardian, you can play a role by teaching them how they should remain accountable regardless of what happens each time they hit the road.