Under-25 drivers get higher rates than any other age group. More so, the younger an under-25 driver, the more they'd have to pay. That is why teenagers pay a lot more than 22-year olds.
Therefore, as much as possible, do not place such a driver on your own policy. It will drive it up by a huge margin. Your teen driver should have his/her own policy. This will be made possible if you sign an exclusion form.
If a teen is keen on driving then then should be made responsible for at least the cost of their auto insurance. An addition argument in favor of this is that your teen will be more willing to take measures to reduce what he or she pays. The full implication of this is that your teen will be a lot safer as they'd do their best to avoid inflating their rates.
1. We all are aware of the fact that no age bracket pays as much for auto insurance as those who are below 25 years of age. If you belong to this age range you can get lower rates if you keep getting good grades at school. It's called the good student discount.
This discount is for students who get A's or a minimum of B's. For young drivers who meet this eligibility requirement, you can get discounts of about 5%. This discount is given because insurance providers claim there is a connection between good grades and a young person's composure while driving. Young drivers who maintain good grades are usually considered more responsible and less prone to recklessness behind wheels.
2. Policyholders who do NOT make claims for up more than 3 years get a No Claims bonus. Remember, this does not mean you might not have any cause to make a claim but that you did not file one. Handling little fixes on your own will help you save more as you'll get a big discount.
3. Another option for you is to use your parents' auto insurance policy. If you're of driving age, then your parents certainly are far above 25 years which means they are better risk drivers.
There are two conditions that you must fulfill to make this possible: The car must be registered in your parents' name and you must live with them. If you don't like the idea of giving the car's ownership to them and other stuff that may be attached to that, then you will have to forget this option.
4. Take part in a defensive driving class. In addition to making you a better driver, it will get you a discount with your insurer provided such a class is recognized by them.
5. The most vital step to reasonable savings in auto insurance is comparison shopping -- That's if you do it correctly. You can get quotes that will have a range in excess of $1,000. You could easily save that much by simply going with the lowest quote. That should be the case if you're just after the lowest price.
However, if you want the best value to price ratio then you'd have to look at the details of the lowest quotes. Different insurers may have slight differences for similar policies. It's important that you ask the agent what's part of the deal and what's not.
Therefore, as much as possible, do not place such a driver on your own policy. It will drive it up by a huge margin. Your teen driver should have his/her own policy. This will be made possible if you sign an exclusion form.
If a teen is keen on driving then then should be made responsible for at least the cost of their auto insurance. An addition argument in favor of this is that your teen will be more willing to take measures to reduce what he or she pays. The full implication of this is that your teen will be a lot safer as they'd do their best to avoid inflating their rates.
1. We all are aware of the fact that no age bracket pays as much for auto insurance as those who are below 25 years of age. If you belong to this age range you can get lower rates if you keep getting good grades at school. It's called the good student discount.
This discount is for students who get A's or a minimum of B's. For young drivers who meet this eligibility requirement, you can get discounts of about 5%. This discount is given because insurance providers claim there is a connection between good grades and a young person's composure while driving. Young drivers who maintain good grades are usually considered more responsible and less prone to recklessness behind wheels.
2. Policyholders who do NOT make claims for up more than 3 years get a No Claims bonus. Remember, this does not mean you might not have any cause to make a claim but that you did not file one. Handling little fixes on your own will help you save more as you'll get a big discount.
3. Another option for you is to use your parents' auto insurance policy. If you're of driving age, then your parents certainly are far above 25 years which means they are better risk drivers.
There are two conditions that you must fulfill to make this possible: The car must be registered in your parents' name and you must live with them. If you don't like the idea of giving the car's ownership to them and other stuff that may be attached to that, then you will have to forget this option.
4. Take part in a defensive driving class. In addition to making you a better driver, it will get you a discount with your insurer provided such a class is recognized by them.
5. The most vital step to reasonable savings in auto insurance is comparison shopping -- That's if you do it correctly. You can get quotes that will have a range in excess of $1,000. You could easily save that much by simply going with the lowest quote. That should be the case if you're just after the lowest price.
However, if you want the best value to price ratio then you'd have to look at the details of the lowest quotes. Different insurers may have slight differences for similar policies. It's important that you ask the agent what's part of the deal and what's not.