Many parents assume that when their teen acquires their first driver’s license, the necessary auto insurance is going to be very costly. Sure, teens start out with squeaky clean driving records, but insurance companies base their rates on the actuarial tables - these show that new drivers are more likely to have car accidents then experienced drivers. Even so, there are certain things teens and parents can do to reduce their auto insurance premiums. The first and most important is to keep that pristine driving record going as long as possible. Practicing defensive driving skills and driving a safe car will pay off in the long run.
Insurance companies can still be flexible to some degree, since they are competing with other companies for your business. You will find that they have a few methods that can reduce those rates. One obvious factor is the car the teen will be driving. Premiums will be lower for an economy sedan than for a powerful red sports car. Some companies also offer discounts for high-achieving students with good grades and resident students. In addition, if you are a current customer of the company, they may be amenable to providing you with a discount on a policy for your teen. To find the lowest car insurance rates for teen drivers, simply enter your zip code above and get a free quote today!