Insuring Your Teen Driver

Many parents simultaneously look forward to and dread their child’s sixteenth birthday. Seeing children grow into their own is a proud moment for any parent, but letting them loose in the world is also scary for most parents. When teens get their driver’s license at 16, many parents realize that their kid is not just a child anymore. However, the reluctance to have their child get a driver’s license is also partially financially motivated. It can be expensive to insure your teenager, and many parents would rather their teens remain kids for just a little bit longer.

Lowering Your Costs

Fortunately, there are ways to cut the cost of car insurance for your teenager. Here are some money saving tips to consider when purchasing auto insurance for your 16-year-old:

• Insure your teen on a safe, reliable car. If you buy your teen a high performance car or truck or insure him or her under one you already own, your insurance rates will probably skyrocket. Insuring a younger driver on a safer car with a less powerful engine will help to keep costs low.

• Good student discount. Insurance companies reward good grades, because statistically students with better grades are less likely to have an accident. Encourage your teen to do well in school and you will both benefit.

• Consider signing your teen up as an occasional driver. Coverage for an occasional driver costs much less than insurance for a primary driver. However, this means that your teen must be a fairly infrequent driver. Typically insurance companies define an occasional driver as someone who drives the car less than 25% of the time. If you and your teenager can come up with a driving schedule that meets this requirement, you could cut down your insurance costs significantly.

These are just a few of the common strategies that can be used to insure your new driver with affordable coverage. With a little bit of planning, your teen’s insurance rates don’t have to be sky high.

Contact Us

To learn more about affordable coverage options for young drivers, don’t hesitate to contact the Indianapolis car insurance experts of Insure on the Spot today at 1-888-972-SAVE.