Auto Insurance Diary

Buying auto insurance for teens can be really expensive, since they are generally the most unsafe drivers on the road. However, you can find auto insurance discounts that will let you insure your teen for an affordable monthly rate. Here are just a few discounts that you might look for when shopping for ways to insure your teenager or her car.

One of the main discounts available for teenagers is a good grade discount. Statistically, students who do well in school are likely to be less reckless drivers, which means that they are cheaper to insure. If your student can show a 3.0 grade point average, whether she is in high school or college, then she may be available for certain discounts on her auto insurance, whether she has her own car or drives one of your family vehicles.

Students who have good driving records can also get discounts with most insurance companies. When your son or daughter first starts driving, insurance will be at its most expensive. Some companies, though, will lower rates with every six months that goes by without an accident of any sort. Within just a couple of years, your rates could be miles lower than they are when you first begin insuring your teenaged driver.

Another option is, of course, to get auto insurance discounts by buying your teenager the right type of car. Cars that are safe but that aren’t huge enough to cause lots of damage if your teenager causes a minor accident are the cheapest to insure. Plus, cars that are completely paid for are much more affordable to insure than cars that are financed. No teenager really wants to drive a super-safe sedan that is cheap enough to be paid for in cash, but this option might help you save a lot more money for college!

These are the main discounts for auto insurance that you can find for teenagers, but there may be others available, depending on which company you work with. Different companies will obviously have different structures for their discounts, as well, which is why it’s important to do some shopping around before you actually choose where to insure your teenager. One great option for keeping the insurance rates low is to make your teenager pay for half – or even all – of his insurance. This is likely to keep him safe on the road, since he won’t want to cut into his discretionary funds by causing accidents and making his insurance skyrocket!

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