Adding your teenager to your car insurance policy can be costly. But teen car insurance is essential to protect your teen - and your car - in case of an accident.
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Saving Money on Teen Car Insurance
Many car insurance companies consider drivers under the age of 25 a higher-than-average risk for vehicle-related accidents. This high risk of teen accident and death can skyrocket your insurance rates 50 to 100 percent, says Jeanne Salvatore of the Insurance Information Institute (III), and often translates into high teen auto insurance premiums.
But wait - don't take away your teenager's car keys just yet. You can save money and afford that teen car insurance you need... if your teen expends some effort and follows these guidelines:
Keep a Clean Driving Record
Just one DWI conviction can raise teen car insurance premiums from a base premium of a few hundred dollars to thousands of dollars annually for at least three years.
Earn Brownie Points
Many companies offer teen car insurance discounts to teens that attend high school or college full-time and maintain at least a 3.0 grade point average. Insurance agents also offer discounts to those taking a locally accredited driver safety course or other state-certified programs. (Ask your agent about these discounts, or get online information from the National Safety Council.)
Involve Yourself in Your Community
Young people who join certain civic or community organizations such as Eagle Scouts or Girl Scouts may receive discounts from their teen car insurance providers, says David Champion of Consumer Reports. These companies are trying to find the least risky teens, so they often reward time spent bettering your community with discounts, Champion adds.
Choose a Safer Car
Teen car insurance may cost up to 50 percent less if your teen drives a safer car such as a Honda Civic or a Volvo, according to Champion. Newer model cars with airbags are the least expensive to insure - and the safest for your teen to drive. Sports cars, expensive cars, high-performance cars and SUVs carry higher risk and higher teen car insurance premiums.
Add Safety Features
Safety features such as anti-lock brakes, traction control, automatic seat belts and side-impact air bags can reduce teen car insurance rates considerably.
Driving is a privilege your teenager should respect, so lay down some ground rules before he or she gets ever gets into the driver's seat! By laying down a few ground rules, you can help your teen approach the wheel with a mature attitude - yielding the valuable driving experience needed to get the lowest rates for teen car insurance.
This article was written by InsureMe.com for informational purposes only and not intended as professional advice.