February 9, 2010

Finding Lower Auto Insurance Quotes For Teenage Drivers

Increasingly, there are parents with active teenagers needing rides everywhere that look forward to the day they can simply hand over the keys to the new drivers in their family. It can be a relief for a parent to get some of their time back and have teenage drivers in the house take on some of the responsibility for running errands and shuffling younger siblings around for various activities. It can all make sense on the surface until the shocking news about the cost of auto insurance for new drivers comes into play.

Regardless of the fact that you may have a near-perfect driving record and pay reasonable prices for your own coverage, your teen may be provided an auto insurance quote that is almost double what you are paying. Unfortunately, national statistics are at the root of the skyrocketing costs for insuring a young driver. Motor vehicle accidents are the primary cause of death for young people between the ages of 15 and 20 years. It is common news that insurance companies shy away from risks. It is a very costly business to insure teenage drivers, so they raise the premiums to cover the exposure. It makes no difference how well you believe your son or daughter drives – your insurance company has borne the brunt of the cost enough times to be wary of the risk.

There are some steps you can take when seeking affordable auto insurance for your teenager. First you need to consider seeking auto insurance quotes from more than your current provider. You may be pleasantly surprised to find better deals and a variety of price quotes. It is also very helpful if your teenager is maintaining high grades in school – a GPA of at least B’. You could quality for lower rates. Some insurance companies will offer discounts to parents that add an electronic device to their vehicles that monitors the driving habits of the teen.

Knowledge of driver safety is highly recognized by auto insurance companies across the board. You can send your teenage driver for hands-on driver education or you can both take online courses. This is perhaps the best way to get better rates for your young driver. For your own peace of mind, when your teen first gets his or her driver’s license make some rules that will help reduce the risk of an accident. Limit their driving to daylight hours. Discourage the use of talking and texting on cell phones while driving. Do not permit them to drive with several friends in the vehicle. Remove these restrictions when you can be assured they drive with safety in mind first.