Auto Insurance Rates

Other Strategies For Decreasing Teen Auto Insurance Rates

Finally, there are some steps you and your teens can take to lower the amount you’re paying for auto insurance coverage. One of the most practical is to do something you’re probably already doing: encouraging your teen to excel in the classroom.
That’s because statistics show that students with good grades tend to be lower risks for insurance companies. Most insurance carriers will slice a nice chunk off your premium if your son or daughter maintains a B average or better in high school or college.
If you’re thinking about purchasing a vehicle for your teen, be cognizant of the fact that the type of vehicle you buy will factor strongly into your auto insurance premiums. As a rule, insurers tend to charge lower rates for cars, trucks, and SUVs that are older, safer, and less targeted by thieves. So when researching your vehicle purchase, be sure to check safety ratings, theft frequency reports, and insurance premium estimators in order to minimize your future auto insurance payments.
If you are confident in your teen’s driving abilities, then you may want to consider usage-based insurance. While not available in all states, this typically involves installing a device inside your teen’s vehicle which records metrics like mileage, speed, braking, and acceleration. The insurance company then downloads this data and uses it to help determine how safe your teen is being behind the wheel – and your rates may be lowered accordingly.
Last but not least, there are some common tactics for reducing your auto insurance costs. Paying six months of premiums in advance, bundling your policy with your life and/or homeowners’ insurance, and raising deductibles are all methods that often result in a discount from the auto insurer. Jettisoning optional auto coverages, agreeing to online “paperless” statements, and investing in anti-theft devices can also shave a few dollars off of your premiums.

When a mother and teen daughter are smiling together, it’s a rare lovely scene.

It also helps to have a partner who has the experience and resources to find you the most affordable auto insurance coverage for your teenaged driver. That’s what AIS Insurance has been doing for its customers for over four decades. So if you could use a little “parental assistance” when it comes to your teen’s auto insurance policy, contact AIS today!

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