As the teenage years approach, parents across America start to stress about having a young driver in the household. It’s no secret that a whole host of anxieties surround teen drivers, from high insurance rates to an increased likelihood of accidents. Many parents find themselves wondering:
Do I need to add my child to my car insurance with a permit?
What is the cheapest way to get car insurance for a teenager?
What happens if I don’t add my teenager to my car insurance?
What is the teenage car insurance average cost per month?
How long do you have to add a new driver to your insurance policy?
We get it! In our decades of providing affordable auto insurance for families across the United States, the Nowell Agency has received the most questions about teen auto insurance and how to save money when insuring a teen driver. We’re here now to share some money-saving tips on insuring a teen driver.
Adding a Teen to Auto Insurance
As a parent, it’s understandable that you’re concerned about affording auto insurance for your teenage driver. Fortunately, there are some things you can do to get more wallet-friendly coverage.
Shop around for the best teen auto insurance rates.
Just like with anything else, it pays to compare rates when you’re looking for teen auto insurance. Get quotes from several different insurers and compare coverage and costs. You may be surprised at the differences between companies. The Nowell Agency automatically takes care of this step for you – we assess your specific situation and contact our vast network of insurers to see which policies will be the most affordable with the best coverage.
Enroll your teen in a safe driving course.
Even though it may not be a requisite for getting their license, a safe driving course will help teach your teen the rules of the road and how to be a safe driver. That means obeying the speed limit and driving rules, not texting while driving, and always wearing a seat belt. The safer your teen drives, the lower his or her rates will be, as many insurers offer discounts for teens who have taken such courses.
Pick the right car.
Although your teen may be hoping for a shiny new car, putting your teen in a used car is often the less expensive option. The type of vehicle also matters. Sedans, minivans, and SUVs generally have the best rates for teen drivers.
Consider raising your auto insurance deductible.
Typically, premiums increase when a teen is added to your auto insurance, mainly because teenagers are inexperienced drivers and are more likely to get into accidents. This increased risk translates into higher costs. By raising your deductible, you can lower your overall premium costs. Of course, this means that you’ll have to pay more upfront if your teen does have an accident, so make sure you have the financial ability to cover a higher deductible before making this decision.
Take advantage of teen auto insurance discounts.
Many insurers offer discounts for things like good student discounts (for higher GPAs), completing a driver’s education course, or having attended a defensive/safe driving course. There are also low mileage plans or programs that monitor your teen for safe driving behaviors. Ask your insurer about any discounts that may be available and take advantage of them whenever possible.
Bundle your insurance policies.
If you have multiple vehicles, various insurance policies, or teens on your auto insurance policy, bundling them together can often save you money. Talk to your agent at Nowell Agency about bundling options and see how much you could save by combining all of your policies under one company.
Of course, every family’s situation is different, so ultimately what will save you money on teen car insurance is to talk to your agent and figure out what option will work best for you and your budget.
Best Insurance for Teen Drivers Near Me
Parents of teenage drivers know all too well how expensive it can be to keep up with the increased costs associated with having a son or daughter behind the wheel. However, by following these tips on how to save on teen auto insurance, you can help offset some of those costs. When it comes time to insure a teen driver, contact Nowell Agency. We have a wide network of insurance carriers who offer affordable auto insurance for teens in every corner of the United States. Plus, our agents have years of experience tracking down discounts and savings your teen may qualify for to lower your auto policy rates. Give us a call or click today for a free auto insurance quote for teen drivers!
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My very first insurance experience was when I bought my first house and I called the Nowell agency for a quote. I had no idea what I needed or how much and they were so very kind and knowledgeable and explained everything to me in detail which I so much appreciated. That has been 4 years ago and im still a customer never plan to leave.
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As the teenage years approach, parents across America start to stress about having a young driver in the household. It’s no secret that a whole host of anxieties surround teen drivers, from high insurance rates to an increased likelihood of accidents. Many parents find themselves wondering: Do I need to add my child to […]