Insuring Teen Drivers

Minimizing Costs When Insuring Teen Drivers

Obtaining a driver’s license and car is every teen’s dream. They look forward to the day when they will finally be able to take the driver's seat and cruise around town with their friends. If you have a teenager who is itching to get behind the wheel, it is wise to prepare yourself AND budget for the additional premium cost of insuring your teen.

Insurance premiums are higher for teen drivers. Why? Because insurance companies see young drivers as great risks. The probability that your teen will have an accident is a lot higher compared to that of an older driver. The good news is, there are several ways to save on your teen's auto insurance!

Good Student Discount

Studies show that teenage drivers with higher grades are more responsible than those who receive lower grades in school. If you want to save money on your teen's auto insurance, encourage them to aim for a B average or higher. Some insurance companies may offer as much as a 10% discount for teens.

Car Choice Matters

Your teen might be hoping for a sports car they can show off to their friends. Insurance providers view sports cars as an increased risk, thus increasing insurance premiums. Teens, being inexperienced drivers, are already in the high-risk category. Getting a safe, more practical car is your best bet. You might also want to forward any VIN numbers to your insurance agent to obtain a more accurate estimate of the proposed premium.

Safe Driving Apps

Many companies offer discounts that could be as high as 15% for enrolling in programs that help monitor distracted driving and can also offer analysis and feedback on driving patterns. Not only can these programs offer significant savings, but they also provide additional protection for your teen and loved ones.

Additional Discounts

Have you considered bundling your auto, home or renters, RV, boat, or other policies? Bundling policies offers one of the biggest discounts available and could certainly help offset the cost of adding your teen driver.

Contact the Kiesling Insurance Agency for additional cost-saving information on any of your insurance needs. We're here to make sure you have the best coverage possible!