According to most parents, it’s expensive to add a teen driver to an auto insurance policy. Statistics prove that teens are more likely to be in accidents than older drivers, and as such, teens pay more for Car Insurance in South Austin TX. However, parents can follow some easy tips to keep premiums under control.
Choose a Cheap-to-Insure Vehicle
If the family owns several cars, it’s a good idea to assign the teen driver to the one that’s least expensive to insure. It usually costs more to insure a costly vehicle, one with a bigger engine, or one that’s expensive to repair. When parents want to save money on auto insurance, they should let their teen driver take the least flashy car they have.
Look for Discounts
If a teen is anxious to get behind the wheel, ask an insurance agent which discounts are available for teen drivers. Some companies offer discounts to teens with clean driving records or those who don’t drive often; others give good student discounts to those who maintain a 3.0 GPA or higher. This not only saves the parents money; it motivates the teen to do well in school.
Keep the Policy Updated
Parents should review their Car Insurance in South Austin TX at least once a year to ensure that all information is accurate and up to date. Once a teen turns 18 or gets out of high school, expect insurance rates to drop slightly.
Raise the Deductible
Many aren’t in favor of a high-deductible insurance policy. However, raising the deductible may mean lower premiums, which can help parents save when adding a teen driver to the policy. Parents who choose this strategy should tell their children to be extra careful on the road, as an accident will result in a higher out-of-pocket payment.
A Few Closing Words
When a parent adds a teen driver to their auto insurance policy, their premium will rise no matter where they get their coverage. However, by following the tips in this guide, parents may be able to reduce their rates while keeping their child safe on the road. Call Patrick Court at State Farm for more information or to request a quote.
