Be it any country, it is likely that teenage drivers don't always have a good driving record. Insurance companies place the teenage drivers in the high risk group and for this reason the car insurance premiums for teenage drivers is usually higher. Parents of adolescent children are always on the lookout for inexpensive car insurance. Getting inexpensive car insurance can be difficult, however it possible to attain cheap insurance through adequate research. Cheap does mean compromising on the coverage offered but should allow maximum coverage at reasonable premiums. Getting cheap insurance for teens depends on factors like the teenager's driving record and the make and model of the car being driven. Below are the ways by which parents can get cheap insurance for teens:
Driving Training
The insurance companies consider the teenager's driver's training as a positive aspect and therefore one can save on the insurance premium by 10% to 15% if he/she encourages the teenage son or daughter to undergo a driver's training course.
Make of the Car
The stylish sports car that is a favorite among teenagers attracts a higher premium than the conservative sedan. Therefore those parents looking for cheap insurance for teens should urge their children to drive reasonable vehicles.
Consideration of Good Grades
Some states consider the grades that a teenager scores and offer a 10% discount to those that fare well. This offers a positive incentive for teenagers wishing to acquire cheap insurance.
Get Multiple Quotes
Different car insurance companies charge varying premium rates. The difference could be as high as $1000 between different companies. This means that over a period of ten years, the amount that can be saved could be $10,000. Therefore getting quotes from different companies is a way to get the best deal and often the cheapest. The quickest and the easiest way to get multiple quotes from different insurance providers, is by online research.
Higher Deductibles
If parents increase the deductible amount, the premium for car insurance is lower assuming that the parents or teenager´s themselves are willing to pay for some of the damages in the event of an accident.
Drive Responsibly
The above mentioned tips are not only in place for achieving cheap insurance for teens but they are also helpful in making teenagers responsible drivers. Even if it is for acquiring cheap insurance, following safety rules, driving within prescribed limits and defensively to avoid accidents are in the best interests of the teenagers as well as other commuters.
Keep in mind that what works for one teenager might not work for the other as the same insurance company might be charging varying rates between two individuals. The reasons could be from any of those mentioned above. Therefore spending some time researching and finding about the various policies and ways that can save you money, is the best way to get cheap insurance for teens.
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