6 Ways to Cut Insurance Costs for Teen Drivers – Part 2

As promised – here are 3 more ways to cut your Auto insurance premium (after adding a – gasp!!– Teen Driver to your policy.)

shutterstock_211623364 - insurance policy 4. Pick a Safe Car. While it’s true flashy cars
look cool, especially when you’re a teenager, it’s
also true that flashy cars tend to require higher
insurance premiums. More importantly, ‘too
much car’ can get your child killed or
permanently disabled.

When it comes to giving your child a car, (or
allowing them to buy one themselves) remember that what your teen needs, more than a status symbol, is a safe method of transportation that’s reliable and equipped with up-to-date safety equipment. Give your kids something to drive, whether it’s technically theirs or yours, that will keep them protected on the road — “Look for small or mid-sized cars that are a few years old without being brand new,” says Driver’s Ed Guru. “Sporty cars and SUVs will generally cost significantly more to insure.”

5. Adjust Your Plan. There are always ways to cut down on your car insurance costs, especially if you’re willing to tweak your plan slightly. Ask yourself if you might be able to raise your deductibles, for example. While this would require a greater upfront cost in the case of an accident or other car damage, it also would potentially decrease your monthly rates in the meantime. Likewise, make sure the coverage matches the car your teen is driving. If it’s an old beater, high deductibles are probably the smartest choice, as the value of the car isn’t worth the costs to repair it down the line.

6. Offset the Increase with Other Savings. Another thing to keep in mind is that it’s not just your teen that can qualify for discounts — and any cost savings to your insurance is cost savings worth having.

Find out what discounts are available on your plan, such as multi-car discounts, multi-policy discounts (i.e., getting both home and car insurance through the same provider), accident-free discounts (i.e., if you’ve gone several years without a collision), etc. These little discounts can add up and may even offset the cost increases of adding a teen driver to your plan.

Beyond the three tips above and the three from last week, also make it your goal to practice safe driving in front of your teen personally. According to research done by the NJ Division of Highway Safety and Kean University, our kids begin learning  to drive as soon as the car seat is turned forward!  They tend to become the same type of drivers as Mom and Dad.

The more carefully and defensively your child drives, the less likely he or she is to cause a crash or get a ticket — and the way he or she sees you behaving behind the wheel plays a big role in that.

Author Bio

Kimberly Quinones is the Vice President of Midwest Sales for Access Indiana auto insurance. She oversees all aspects of sales, service and customer retention programs. Kim is a proactive leader and is deeply focused on the issue of driver safety. She and her team oversee all aspects of sales, service and customer retention programs for the organization.


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