Auto Insurance Deals for Teenagers?

Typically, there are a few constants about our society that we tend to accept. Green means go. Red means stop. Turn off your cell phone at a movie theater. You know, the usual. One of those staples of our modern world happens to do with teenagers and car insurance. More specifically, that it's typically expensive to insure a teenager to drive. However, it seems that things are changing.

According to CarInsurance, more and more insurance providers are starting to offer better, cheaper coverage for young drivers. It seems that this "move comes amid greater competition among insurance companies, and at a time that young drivers are not quite the risk they once were for a variety of reasons".

Some of the factors that are easing the bill on young drivers include:

• State restrictions on teenage drivers. Texas, for instance, has a curfew for young drivers. In addition, some states have "no cell phone" policies and a limit on whether or not teenagers can drive others to and fro.
• Parental involvement and investment with devices like DriveCam, which "can record what's going on inside a car and the view outside through the windshield". There are even mechanisms which act like a GPS signal on the car, telling parents where the car is. This device can also be used to shut the car off.
• Safety programs. Some auto insurance agencies are offering discounts for drivers with good grades, or who participate in certain recommended safety courses.

All in all, it's good to get informed about what insurance companies are doing when it comes to young drivers. To read more about auto insurance for teenagers, head to CarInsurance.

If you're currently in the market for auto insurance, did you know that you can find that in addition to other insurance services online at WhiteFence?

Comments

[Sharon]

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Sharon

http://www.autoloans101.info

[Cheap Man]

I love that picture! But I can understand why insurance for teenagers is more expensive... From my personal experience, three of my 8 best friends crashed their cars in their first year of having a license... So that says it all

[Ryan]

Here's a couple things I always recommend to clients with young drivers.

#1 Get them an older vehicle so that they won't need Collision coverage. Full coverage is extremely expensive for a vehicle driver by an inexperienced driver.

#2 Keep them on your policy. If you put them on their own policy, they will lose the multi-car discount and number of other positive factors that keeps your quote low.

#3 See if they qualify for a good student discount. This discount is huge. I've seen it make a difference of $600 a year before.