Earning their driver’s license is a major milestone for teenagers. While teenagers think about their newfound freedom, their parents’ minds are focused elsewhere – auto insurance. If your child is approaching driving age, you may have begun to think about the cost of teen car insurance. Here, Muller Insurance helps simplify the car insurance buying experience. We offer insurance in New Jersey, New York, Connecticut, Pennsylvania, Nevada, and other states. We offer you helpful tips on how you can insure your teenage driver and detail what you need to know to make the most informed decisions.
Why Is Car Insurance So Expensive for Teenage Drivers?
When shopping for car insurance for your teenager, you may have noticed rates are substantially more expensive compared to your own, depending on your driving history. That is because insurance companies calculate premiums based on the risk of an accident. And who are the riskiest drivers on the road? Teenagers.
According to the federal Centers for Disease Control (CDC), teen drivers are three times more likely to crash than drivers of other ages. Furthermore, even though teens make up only about 14 percent of all the drivers on U.S. roads, they account for nearly 30 percent of auto-related injuries, calculated by cost. That raises the stakes for insurance companies, causing them to increase their rates for teenage drivers.
How to Minimize Teen Driver Insurance Costs
Although teen auto insurance will be inherently more expensive, some things can be done to help lowers costs and make your teenager a safer driver. Tips we recommend include:
Do Well in School
There are plenty of reasons for your teenager to do well in school. But did you know that good attendance and a high grade-point average can result in a discount on car insurance for drivers in high school or college? Many providers offer insurance discounts for teenagers who maintain a B average. Additionally, there are other educational ways to trim the insurance cost. Drivers can complete safe driving courses to earn a discount on their rates.
Drive Smart
While lowering the cost of teenage car insurance can take some time, it can be raised very easily, which is not what you want. Unsafe driving and accidents are guaranteed ways to have your rates increased. For a teen driver, the best way to keep insurance rates low is to be a good, attentive, and safe driver. Any bad driving behaviors that result in a claim being recorded on your policy will not only drive up rates but will also erase any discounts earned, costing you even more money in the end.
Get a Safe, Used Car
The vehicle your teenager drives matters in terms of car insurance rates. The make, model, and year of the car are all contributing factors to insurance premiums. Generally, the more expensive the car, the more expensive it will be to insure it. To combat this, we recommend your teenager drives, a safe, reliable, used vehicle with plenty of added safety features.
Work With an Experienced Independent Agent at Muller Insurance
Another way for clients to receive the best possible insurance rate for their teenage driver is to work with an independent insurance agency like Muller Insurance. Being an independent agency, we have the benefit of partnering with a large selection of trusted providers, allowing our clients to receive a specific policy that best meets their needs, all at an affordable rate. Licensed in over 30 states, including New York, New Jersey, Connecticut, Pennsylvania, and Nevada, our agents have experience working with premier providers such as:
In addition to providing clients with policies tailored to them, Muller Insurance has earned its reputation by continuously helping clients and offering helpful tips on how to get the most out of their insurance policies. Contact us today at Muller Insurance to learn more about teen driver insurance and how we can help you get the most affordable rate for your teenage driver.
