The reason it costs so much to insure your teen age driver is because younger drivers have more accidents than older experienced drivers.
This may or may not be fair to your teenager. I’m sure that your child has lightning quick reflexes and always drives a few miles under the speed limit just to be extra safe.
The insurance companies don’t look at your child as an individual. They look at the statistics of drivers who share certain characteristics with your child.
There are several things that you can do to keep the cost at a ridiculous price range and out of the extremely ridiculous price range.
To keep costs down your teenage driver should:
- Take an approved driver’s education course
- Maintain a clean driving record
- Drive an older car
- Get good grades
Having your child take an approved drivers education course may qualify him or her for a discount. Most companies will make this worth your while.
The most important thing to do to keep the rates down for your young driver, is to make sure that he or she drives safely and doesn’t get into any car crashes. This means that although you won’t get any additional discounts for spending extra time driving with your child, the extra hours of on the road parental supervision may pay off in the long run. This can mean not only lower rates, but a longer life for your child.
Another thing you can do is to have your child drive an older car that you don’t need to insure for physical damage.
Do what you can to make sure that your child qualifies for a good student discount. If your child has a B average or above he or she should be able to qualify for a lower rate.
Why is car insurance so high for teenagers? Mainly due to conditions beyond our control. However, you can reduce some of the additional costs by using some of the strategies above.
