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How will Adding Teenage Drivers to your Auto Insurance Policy affect your Premium?
Posted by Klinger Insurance Group on
It’s an excitingtime for yourteento have their handson the wheel and as they prepare to gettheirdriver’slicense. What factors affect the cost ofauto insurance for teens?Why isinsuringyourteen more expensive?
Did You Know?
According to the Centers for Disease Control and Prevention (CDC),as a group, teens are the most accident-pronedriverson the road. The risk factorsare:inexperience, not using a seatbelt, speeding, running redlights, drivingwhile intoxicated, making illegal turns,and distracted driving.
Insurance company varies their cost from one group of drivers to another because some groups have worse driving records, higher accident rates and more costly accidents than others. Here are some other factorsthat can affect your auto insurance rates.
Youngdrivers often paymorefor auto insurance than older drivers.Insurers view young drivers as risky and expensive clients.Young drivers are inexperienced and the mostaccident-pronedrivers of any age group.
Arecordof traffic tickets, violations likedrivingunder the influence of alcohol (DUI), leaving the scene oftheaccident,suspended driver’slicense,and reckless driving result in higher insurancepremiums.
Auto insurance rates may vary significantly by your location and zip code, especially with the zip codesthat are more prone to crimes such as theft orvandalism,floods,and other risks.Usually,urbanareas paymoreforauto insurance thantheirruralcounterpart.
Type of yourAutomobile
Brand new sports cars, high-performanceautomobiles,exotic cars and cars with safety features often havemore expensive rates.Insurers considerhow popular it is with car thieves,and how muchit willcost to repair in case of damageor accident.
Though theaverage cost increase for adding a teen driver to your auto insurance is already steep,driving around withoutadding your teen isnot an option. Licensed teen drivers must be added to your insurance policy; luckilythereare many ways to lessen the cost.
Be a role model Practicegood drivinghabitsyourselfand help yourteen strictly followtherules of the road: avoid using phones,avoid other distractions, and use seatbelts.
Have them drive a used car Because teens are risky drivers, buying a used car for them is advised. Insurance premiums are lower for a used car as well.
Get a Tracking Device These trackers can help you tomonitoryourteenwhile they are driving andthey may be more carefulwhilebeing monitored.
Ask about TeenageDriver Discounts Good Student Discount- when your child performs well in school and maintains at least B average or better or is on the dean’s list or honor roll. Driving Training Discount– When they successfully complete driver training. Away at School Discount– They attend school at least 100 miles away from home without a vehicle.