Finding Cheap Auto Insurance for Teenagers

When shopping for automobile coverage every consumer wants to find the best deal and pay the lowest price possible for their policy. When it comes to teens it may be quite a task to accomplish this feat.  Finding the cheapest car insurance may be a little harder to do the older drivers. This is because insurer view them as a higher risk and therefore riskier to insure. Unfortunately there are many statistics that support this but there are ways to find an affordable rate.

Younger motorists end up paying more for one simple reason; they have little experience behind the wheel. This fact can lead to a lot of things. Statistics show that a teen is less likely to acknowledge dangerous situations and avoid hazardous ones. They also have the tendency to speed and tailgate which done in combination can be very dangerous. These things lead to accidents and unfortunately they have to compensate insurers by paying higher premiums. Younger motorists are more likely to drink and drive and fail to wear their seatbelt, especially males. Due to all these factors they cause nearly a third of the medical costs that insurers pay out annually.

The good news is that cheap auto insurance for teenagers is not impossible to find. When shopping for policies there are few ways to save. One common way that a young motorist can save is to be added on to a parent’s policy. This is because many companies offer a discount for multiple cars on a policy and the savings for the teen as driver may come just for being added instead of having policies of their own. Get good grades. Those with a “B” grade point average or higher can receive a discount of up to 20%. This can provide a significant savings. If any of the above options are not available then shop around. Quotes are free so get as many as possible from as many providers as possible until the lowest one is found.