Questions About Teen Drivers
Insurance coverage for younger drivers can get overwhelming. Here are a few more tips when searching for cost effective and proper coverage for your teenager.
The question often arises, do my insurance rates get better if my teen drives an older vehicle?
Generally speaking, it almost always does. But that is not always the case being that the newer vehicles are more often equipped with up-to-date safety features that the insurance companies have incorporates into their rating process. These features can be cost effective as well as lifesaving. It may be overall a better decision to have your teenager to drive the newer vehicle even if the premiums are higher because of the safety advancements. You can always search for the published list of highway safety vehicles.
What are other ways to lower costs when adding a teenage driver?
Many companies offer discounts when a driver produces high marks in school. Be sure and ask you agent about those incentives. There is also an option to raise your deductible when purchasing comprehensive and collision coverage. If you are OK with the deductible being a little higher to save dollars then this is a great opportunity to save a few dollars. I have had a higher than average deductible for 10+ years and since I have never used it, I have certainly come out ahead on the deal. What I believe to be one of the most effective ways to control costs as well as teach your teenage driver to be a responsible driver is the share the premium costs with the driver. Insurance is something we will be paying the rest of our lives and it will be good to instill that habit early on. They will also be better off knowing the effectiveness of being a good responsible driver which equates to efficient premiums.
I could go on with questions about teen drivers but will be happy to talk with you about your unique situation. Do not hesitate to contact an agent.