The statistics given out by Insurance Institute for Highway Safety(IIHS) shows that a 16 year old tends to get into accident 6 times more often than a person between the age of 50 and 59. This high rate of accidents also reflects in the premium you have to pay in insurance. Hence it is best to know how to reduce this insurance premium.
Here are 10 ways you can keep the insurance low for a teenage driver:
1.Learn the letter of the law and follow it: It is very useful to have a clean driving record when it comes to insurance. There are few restrictions for new drivers and if they are followed carefully it helps a great deal.
2.Setting a good example: If the parents are yelling at other drivers while driving or indulging in careless driving it would be difficult for the child to have good driving habits. The best thing is to show by example.
3.Same policy for the teenager: Instead of going with another independent policy it would be better to add him as an additional driver in one's own auto insurance policy. With this all the discounts applied to you will be passed to them.
4.Good grades help you: Every one knows how important good grades are. However if you have a GPA of 3.0 or more you would get a 10% discount on your insurance premium. You can calculate the exact amount you would save and pass on the savings to them if they are able to keep good grades.
5.Driver Education courses: Some insurance companies pay discounts if you have taken driving classes from recognized schools. However check which all are covered before enrolling.
6.Tell about the actual cost: You can give them the exact figure it would need to get a car,its insurance and its upkeep. This way they are able to know how it will affect the family's budget.
7.No Sports Car: Steer clear of sports car. You might be faced with a request to get a hot new sports car however take care that for a new driver it is very risky to have them. The insurance companies take this into consideration and your premiums could be several times higher. Instead go for general passenger cars.
8.Drugs and Alcohol: Have proper discussion about these topics. These are one of the biggest impediments which come in the way of having a clean driving record and it would be best to keep off them.
9.Traffic school to beat tickets: Once a ticket is on a teen's license it would take several months before the violation is removed. Instead try to get a day in a traffic school if the judge allows. It could be much more rewarding than you would have thought.
10.Ride with the teenager: It is always good to ride with the teenager once in a while. Although he or she could be a safe driver a year back after getting the basic experience they would be inclined to go at higher speeds or other unsafe driving. It is always good to go for a drive with them once in a while.
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