Young Drivers Car Insurance – How To Get the Best Rates?

Young Drivers Car Insurance Savings Tips from EINSURANCE

The car full of teens, the cell phones ringing constantly, the young driver too overexcited to notice he’s speeding. Most adult drivers know this scenario could end very badly in an instant.

According to the Center for Disease Control, more than 2,700 teens ages 16 to 19 were killed and more than 280,000 were injured in car crashes in 2010. Is it any wonder young drivers have such high insurance rates?

While statistics like these will always keep rates for young drivers high, parents can take steps to lower the cost of insuring their teen drivers. The first step is understanding why teen drivers are such high risks.

Biology and Culture Account for Risky Teen Driving

Patterns of teen behavior that can lead to car accidents have been widely studied for many years. Driving seems like an easy task, but inexperienced drivers can quickly find themselves in difficult situations they are not equipped to handle, resulting in an accident.

Teen drivers are more likely to underestimate hazardous driving conditions, drive over posted speed limits, tailgate cars ahead, and use their cell phones while driving. Teens are also less likely to wear their seat belts and drink alcohol while driving.

Males are at even more risk than females; according to the CDC, the death rate for male drivers between the ages of 16 and 19 is twice as high as for female drivers of the same age group. When teen drivers are unsupervised and have teen passengers with them, the risks of an accident increases as well.

Common Sense Ways to Lower the Cost of Young Drivers Car Insurance

Insurance companies take all of these factors into consideration when setting insurance rates for teen drivers. Many traditional measures like driver’s education classes do little to lower the risks teens face when behind the wheel. But parents can take some common sense steps to lower the overall cost. 

  • Knowing your insurance policy is an important key. Often, it makes sense to raise your comprehensive and collision deductibles, setting aside at least $1,000 in case of an accident. Talk to your insurance company about any family or safe driver discounts you might be eligible for.
  • A proud tradition of the hand-me-down car could increase your insurance rates. You want your child to drive a safe car, but if he has an old car, it may not be worth more than the deductible, so you should consider dropping comprehensive and collision on older cars. Check the Kelley Blue Book value of your teen’s older car before deciding.
  • While driver’s ed classes do not significantly lower teen driving risks, teens with good grades in school generally get better insurance rates. Again, ask your insurance agent if good-grades discounts are available.
  • Another essential key to lower car insurance rates for your teen involves setting a good example and supervising your teen’s development as a driver. One idea is to only allow your teen to get a graduated driver’s license. Research shows that teen drivers are at their highest risk of having an accident in the first weeks and months after getting their license. Graduated license programs help teen drivers get the supervised training they need to develop good lifelong driving habits.

Shop Around for the Best Rates for Young Drivers Car Insurance

Above all, it’s up to you to take responsibility for your teen driver. Most states do not allow minors to buy insurance policies, and many parents keep their college-aged children on the family policy. But it’s important to inform your insurance company if your teen is living more than 100 miles from home.

Searching the Internet is the best way to find cheaper car insurance quotes, and EInsurance is your convenient and comprehensive portal for up-to-date information about auto insurance. Click here to get a free quote.


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