By Lauren Fix, The Car Coach
Getting cheap car insurance for your teen or new driver can be a hard thing to do. New drivers are really expensive to insure, you would do anything to get a better deal on this type of insurance policy. Right! New or teen drivers have no driving record and the statistics show that they are more likely to be involved in an accident. For these reasons, the insurance companies place the new and teen drivers in the high-risk category.
To get cheaper car insurance for your new and teen driver, you can follow these tips:
Put Your New or Teen in a Defensive Driving Course
Insurance companies offer discounts that range from 10 to 15 percent for any driver that has graduated from a defensive driving course. This type of class can take place in a classroom or online, and it usually lasts four to eight hours. Completing this course, not only will help you pay less on your premium, but it will also improve driving skills, in order to stay safe on the road.
Purchase a Cheaper Car to Insure
Choosing a muscle car or a sports car for your new driver is not the smartest thing you can do, if you want cheaper car insurance. Slightly used SUV’s, crossover’s, or even a family van that have all the major safety features installed is the smart thing to consider, in order to get cheaper car insurance for your new driver.
Take Advantage of the Good Student Discounts.
Many insurance companies offer this discount. Statistics show that students who have better grades are less likely to be involved in collisions. Students that have a 3.0 GPA or higher are eligible for this discount.
Consider Usage-Based Insurance
The thought of being monitored while driving can be scary for many drivers. You can, though, obtain significant discounts on your policy rates if you choose this option.
I’m not a big fan of onboard diagnostic monitoring. But that’s your personal choice.
All you need to do is allow your insurer to install a small telematics device inside your vehicle. This device will then send data back to the insurer. Usually, the data sent back contains information about, how many miles are driven, time of day when the car is driven, braking, acceleration, speed, cornering, distance traveled. You will get a discount, based on good driving habits.
Compare Online Quotes
The best way you can save money on your new or teen driver’s insurance is by shopping for quotes online. You should get a minimum of three quotes to compare rates and coverage to get the best deal for your new driver.
The Bottom Line
Shop multiple insurers. Whoever covers your home and car insurance should offer you the best price.
Lauren Fix, The Car Coach®, is a nationally recognized automotive expert, analyst, author, and television host. A trusted car expert, Lauren provides an insider’s perspective on a wide range of automotive topics and aspects, energy, industry, consumer news, and safety issues.
Lauren is the CEO of Automotive Aspects and the Editor-in-Chief of Car Coach Reports, a global automotive news outlet. She is an automotive contributor to national and local television news shows, including Fox News, Fox Business, CNN International, The Weather Channel, Inside Edition, Local Now News, Community Digital News, and more. Lauren also co-hosts a regular show on ABC.com with Paul Brian called “His Turn – Her Turn” and hosts regular radio segments on USA Radio – DayBreak.
Lauren is honored to be inducted into the Women’s Transportation Hall of Fame and a Board Member of the Buffalo Motorcar Museum, and Juror / President for the North American Car, Utility & Truck of the Year Awards.
Check her out on Twitter and Instagram @LaurenFix.